The stock of JPMorgan Chase & Co. (NYSE:JPM) increased by $0.32 on Monday to finish at $154.77, up 0.21 percent. The last five days have seen an average of 6,224,180 shares of common stock traded. 19 times new highs were reached in the current year, with a gain of $20.67. The average number of shares traded over the last 20 days was 8,711,790, while the average volume over the last 50 days totaled 9,828,601.
JPM stock appreciated 3.34% since last month. On 07/17/23, the company’s shares reached a one-month low of $150.35. The stock touched a high of $159.38 on 07/31/23, after rallying from a low of $101.28 in 52 weeks. The price of JPM stock has risen by 15.41% or $20.67 this year, reaching a new high 19 times. Still, the stock price is down -2.89% from the 52-week high.
Insider Transactions
JPM stock investors should be aware that JPMorgan Chase & Co. (JPM) stock had its last reported insider trading activity 8 days ago on Aug 07. On Aug 07, General Counsel Friedman Stacey sold 4,310 shares at $157.16 each. This transaction resulted in the insider making $677,343. On Jun 15, Erdoes Mary E. sold 8,118 shares at a price of US$142.15. After the transaction, the insider now owns 560,373 shares. CEO Commercial Banking Petno Douglas B had earlier sold 4,930 shares on Jun 15 for $142.16 a share. The transaction was completed for $700,864.
Valuation Metrics
JPMorgan Chase & Co. (JPM) has a trailing price-to-earnings (P/E) ratio of 9.96. Beta for the stock is 1.09. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 3.26, the price-to-book (PB) ratio of 1.60.
Company paid $1.00 per share in dividends, remained unchanged from $1.00 last year. A $0.75 dividend increase was reported on Tuesday December 14 2021.
Financial Health
The company’s long-term debt to equity ratio for the quarter ending June 29 is 1.15, and the total debt to equity ratio is 1.15. JPMorgan Chase & Co.’s operating margin stood at 51.90% for the same period. Based on annual data, it had gross profit of $66.71 billion and revenue of $92.81 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. JPM’s return on assets (ROA) during the last 12 months has been 1.20%. There was a 6.50% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 17.00%.
Earnings Surprise
According to JPMorgan Chase & Co.’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. It was predicted that JPMorgan Chase & Co.’s quarterly earnings would be $4.75, but it ended up being $3.99, beating the consensus by 19.00%. At the end of JPMorgan Chase & Co.’s most recent quarter ended June 29, its total debt was $746.32 billion. Equity owned by shareholders amounts to $2.91 billion.
Technical Picture
Here’s a quick look at JPMorgan Chase & Co.’s (JPM) price momentum from a technical perspective. As of 14 August, the RSI 9-day stood at 51.30%, suggesting the stock is Neutral, with a 10.77% historical volatility rate.
The stochastic %K and %D were 24.60% and 23.73% respectively, while the average true range (ATR) was 2.42. Based on the 14-day stochastic reading of 32.11%, the RSI (14) reading is 56.17%. On the 9-day MACD Oscillator, the stock is at -0.96, and the 14-day reading is at -1.65.
Analyst Ratings
JPMorgan Chase & Co. (NYSE: JPM) was downgraded by Citigroup to a a Neutral rating in its latest research report. The stock was previously rated as a a Buy. Analysts have assigned JPMorgan Chase & Co. (JPM) an Overweight rating. JPM is a stock that is recommended for selling by 0 brokerage firms, while 7 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 4 rates it overweight and 16 others recommend it as a buy.
What is JPM’s price target for the next 12 months?
The current consensus forecast for the stock is between $140.00 and $227.00, with a median target price of $169.00. In analyzing these forecasts, the average price target given by analysts for JPMorgan Chase & Co. (JPM) is $169.75.
