Would It Be A Good Move Today To Sell Johnson & Johnson (JNJ) Stock?


As of Thursday close, Johnson & Johnson’s (NYSE:JNJ) stock was down -$2.25, moving down -1.44 percent to $154.41. The average number of shares traded per day over the past five days has been 5,979,420 shares. 1 time new highs have been achieved over the past 5 days, with a -$4.07 fall in that time frame. In the last twenty days, the average volume was 5,718,890, while in the previous 50 days, it was 7,082,258.

Since last month, JNJ stock retreated -5.05%. Shares of the company fell to $153.72 on 05/25/23, the lowest level in the past month. A 52-week high of $183.35 was reached on 01/06/23 after having rallying from a 52-week low of $150.11. Since the beginning of this year, JNJ’s stock price has dropped by -12.59% or -$22.24, and marked a new high 3 times. However, the stock has declined by -15.78% since its 52-week high.

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JNJ stock investors should be aware that Johnson & Johnson (JNJ) stock had its last reported insider trading activity 81 days ago on Mar 06. Swanson James D., the of the company, disposed of 1,062 shares for $154.66 on Mar 06. It resulted in a $164,199 divestment by the insider. Wolk Joseph J sold 14,781 shares at an average price of $179.60 on Dec 13. The insider now owns 35,812 shares following the transaction. On Nov 30, EVP, WW Chair, MedTech McEvoy Ashley sold 73,323 shares at $175.47 apiece. The transaction was valued at $12,865,801.

Valuation Metrics

Right now, Johnson & Johnson (JNJ) has a P/E ratio of about 32.30. The stock’s beta is 0.54. Besides these, the trailing price-to-sales (P/S) ratio of 4.16, the price-to-book (PB) ratio of 5.68, and the price-to-cash flow ratio of 91.58 may also be considered.

The latest dividend of $1.19 per share was paid out, which is 5.31% more than last year’s $1.13. On Tuesday April 18 2023, a $0.06 dividend increase was announced.

Financial Health

In the three months ended March 30, Johnson & Johnson’s quick ratio stood at 0.90, while its current ratio was 1.10, showing that the company is not able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending March 30 was 0.49, and the total debt-to-equity ratio was 0.75. On the profitability front, the trailing twelve-month gross margin is 67.00% percent. In the year ended March 30, EBITDA margin amounted to 33.42%, whereas operating margins totaled 15.70%. Based on annual data, JNJ earned $63.85 billion in gross profit and brought in $94.94 billion in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 15.40%. Return on equity (ROE) for the past 12 months was 17.00%.

In Johnson & Johnson’s quarter-end financial report for March 30, it reported total debt of $34.93 billion against cash and short-term investments of $5.44 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. JNJ’s revenue rose 5.33% to $23.71 billion during the quarter, while net income inched up to $24.75 billion. While analysts expected Johnson & Johnson to report $2.5 quarterly earnings, the actual figure was $2.68 per share, beating the consensus estimate by 7.20%. During the quarter, the company generated $1.59 billion in EBITDA. The liabilities of Johnson & Johnson were 125.1 billion at the end of its most recent quarter ended March 30, and its total debt was $52.91 billion. The value of shareholders’ equity is $2.6 billion.

Technical Picture

This quick technical analysis looks at Johnson & Johnson’s (JNJ) price momentum. With a historical volatility rate of 7.17%, the RSI 9-day stood at 17.94% on 25 May.

With respect to its five-day moving average, the current Johnson & Johnson price is down by -2.57% percent or -$4.07. At present, JNJ shares trade -5.27% below its 20-day simple moving average and -12.59% percent below its 100-day simple moving average. However, the stock is currently trading approximately +0.04% above its SMA50 and -9.27% below its SMA200.

Stochastic coefficient K was 8.19% and Stochastic coefficient D was 7.27%, while ATR was 2.01. Given the Stochastic reading of 7.80% for the 14-day period, the RSI (14) reading has been calculated as 28.57%. As of today, the MACD Oscillator reading stands at -1.82, while the 14-day reading stands at -3.10.

Analyst Ratings

Johnson & Johnson (JNJ) has been rated Overweight by analysts. According to 0 brokerage firms, JNJ is a sell, and 14 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 3 analysts rate Johnson & Johnson stock as buy, with 5 recommending it as overweight.

With a median target price of $177.00, the current consensus forecast for the stock is $161.00 – $215.00. Based on these forecasts, analysts predict Johnson & Johnson (JNJ) will achieve an average price target of $179.69.


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