As of Thursday close, JPMorgan Chase & Co.’s (NYSE:JPM) stock was down -$1.56, moving down -1.04 percent to $148.63. The average number of shares traded per day over the past five days has been 7,491,440 shares. 2 times new highs have been achieved over the past 5 days, with a -$4.93 fall in that time frame. In the last twenty days, the average volume was 8,276,530, while in the previous 50 days, it was 9,757,972.
Since last month, JPM stock retreated -3.64%. Shares of the company fell to $148.40 on 08/17/23, the lowest level in the past month. A 52-week high of $159.38 was reached on 07/31/23 after having rallying from a 52-week low of $101.28. Since the beginning of this year, JPM’s stock price has risen by 10.84% or $14.53, and marked a new high 19 times. However, the stock has declined by -6.74% since its 52-week high.
JPM stock investors should be aware that JPMorgan Chase & Co. (JPM) stock had its last reported insider trading activity 11 days ago on Aug 07. Friedman Stacey, the General Counsel of the company, disposed of 4,310 shares for $157.16 on Aug 07. It resulted in a $677,343 divestment by the insider. Erdoes Mary E. sold 8,118 shares at an average price of $142.15 on Jun 15. The insider now owns 560,373 shares following the transaction. On Jun 15, CEO Commercial Banking Petno Douglas B sold 4,930 shares at $142.16 apiece. The transaction was valued at $700,864.
Valuation Metrics
Right now, JPMorgan Chase & Co. (JPM) has a P/E ratio of about 9.56. The stock’s beta is 1.09. Besides these, the trailing price-to-sales (P/S) ratio of 3.13, the price-to-book (PB) ratio of 1.53.
The latest dividend of $1.00 per share was paid out, remained unchanged from last year’s $1.00. On Tuesday December 14 2021, a $0.75 dividend increase was announced.
Financial Health
According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 1.15, and the total debt-to-equity ratio was 1.15. In the year ended June 29, operating margins totaled 51.90%. Based on annual data, JPM earned $66.71 billion in gross profit and brought in $92.81 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 6.50%. Return on equity (ROE) for the past 12 months was 17.00%.
According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. While analysts expected JPMorgan Chase & Co. to report $3.99 quarterly earnings, the actual figure was $4.75 per share, beating the consensus estimate by 19.00%. The value of shareholders’ equity is $2.91 billion.
Technical Picture
This quick technical analysis looks at JPMorgan Chase & Co.’s (JPM) price momentum. With a historical volatility rate of 14.37%, the RSI 9-day stood at 28.07% on 17 August.
With respect to its five-day moving average, the current JPMorgan Chase & Co. price is down by -3.21% percent or -$4.93. At present, JPM shares trade -4.82% below its 20-day simple moving average and +18.99% percent above its 100-day simple moving average. However, the stock is currently trading approximately +6.67% above its SMA50 and +17.89% above its SMA200.
Stochastic coefficient K was 4.64% and Stochastic coefficient D was 13.76%, while ATR was 2.54. Given the Stochastic reading of 2.09% for the 14-day period, the RSI (14) reading has been calculated as 38.66%. As of today, the MACD Oscillator reading stands at -3.32, while the 14-day reading stands at -4.53.
Analyst Ratings
JPMorgan Chase & Co. downgraded its rating on JPMorgan Chase & Co. (NYSE: JPM) to a Neutral in a note to investors on July 12, 2023. The analysts firm previously had a Buy rating on the stock.JPMorgan Chase & Co. (JPM) has been rated Overweight by analysts. According to 0 brokerage firms, JPM is a sell, and 7 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 4 analysts rate JPMorgan Chase & Co. stock as buy, with 16 recommending it as overweight.
With a median target price of $169.00, the current consensus forecast for the stock is $140.00 – $227.00. Based on these forecasts, analysts predict JPMorgan Chase & Co. (JPM) will achieve an average price target of $169.75.
