JPMorgan Chase & Co. (NYSE:JPM) saw an upside of 0.34% to close Monday at $149.48 after adding $0.51 on the day. The 5-day average trading volume is 8,815,360 shares of the company’s common stock. It has gained $153.27 in the past week and touched a new high 1 time within the past 5 days. An average of 7,867,865 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 9,761,834.
JPM’s 1-month performance is -3.53% or -$5.47 on its low of $147.44 reached on 08/18/23. The company’s shares have touched a 52-week low of $101.28 and high of $159.38, with the stock’s rally to the 52-week high happening on 07/31/23. YTD, JPM has achieved 11.47% or $15.38 and has reached a new high 19 times. However, the current price is down -6.21% from the 52-week high price.
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Insider Transactions
JPM stock investors last saw insider trading activity on Aug 07.Friedman Stacey (General Counsel) most recently sold 4,310 shares at $157.16 per share on Aug 07. This transaction cost the insider $677,343. CEO Asset & Wealth Management, Erdoes Mary E., sold 8,118 shares at a price of $142.15 on Jun 15. Then, on Jun 15, CEO Commercial Banking Petno Douglas B sold 4,930 shares at a price of $142.16 per share. This transaction amounted to $700,864.
Valuation Metrics
JPM stock has a beta of 1.09. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 3.16 while the price-to-book (PB) in the most recent quarter is 1.54.
As well, the company’s long term debt to equity for the quarter ending June 29 was 1.15, while the total debt to equity was 1.15. The firm’s gross profit as reported stood at $66.71 billion against revenue of $92.81 billion.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Analysts expected JPM to announce $3.67 per share in earnings in its latest quarter, but it posted $4.36, representing a 18.80% surprise. Shareholders hold equity totaling $2.91 billion.
Let’s look briefly at JPMorgan Chase & Co. (JPM) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 21 August was 33.93% to suggest the stock is trending Neutral, with historical volatility in this time period at 14.82%.
The stock’s 5-day moving average is $149.62, reflecting a -3.42% or -$5.29 change from its current price. JPM is currently trading -5.39% above its 20-day SMA, +15.98% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +6.22% and SMA200 by+16.64%.
Stochastic %K and %D was 12.07% and 7.99% and the average true range (ATR) pointed at 2.44. The RSI (14) points at 41.79%, while the 14-day stochastic is at 19.66% with the period’s ATR at 2.47. The stock’s 9-day MACD Oscillator is pointing at -2.60 and -4.19 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for JPMorgan Chase & Co. (NYSE: JPM), Citigroup downgraded it to a Neutral rating. They previously had a Buy rating on the stock.
