JPMorgan Chase & Co. (NYSE:JPM) finished Thursday with a subtraction of -$0.14 to close at $147.23, a downside of -0.09 percent. An average of 8,183,660 shares of common stock have been traded in the last five days. There was a fall of -$1.40 in the past week, and it reached a new high 37 times over the past 12 months. The last 20 days have seen an average of 7,598,985 shares traded, while the 50-day average volume stands at 9,792,202.
JPM stock has decreased by -6.67% in the last month. The company shares reached their 1-month lowest point of $145.46 on 08/23/23. With the stock rallying to its 52-week high on 07/31/23, shares of the company touched a low of $101.28 and a high of $159.38 in 52 weeks. It has reached a new high 19 times so far this year and achieved 9.79% or $13.13 in price. In spite of this, the price is down -7.62% from the 52-week high.
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Insider Transactions
JPM stock investors should be aware that JPMorgan Chase & Co. (JPM) stock had its last reported insider trading activity 18 days ago on Aug 07. In this transaction, the insider spent $677,343. CEO Asset & Wealth Management, Erdoes Mary E., disposed of 8,118 shares at a price of $142.15 on Jun 15. The insider now owns more than $1,154,002 worth of shares. Prior to that, CEO Commercial Banking Petno Douglas B went on to Sale 4,930 shares at $142.16 each on Jun 15. An amount of $700,864 was transacted.
Valuation Metrics
JPMorgan Chase & Co. (JPM) has a trailing price-to-earnings (P/E) ratio of 9.47. The stock’s beta is 1.09. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 3.11, the price-to-book (PB) ratio at 1.52.
The company has a payout ratio of 25.70%. The company’s most recent quarterly dividend payment was $1.00 a share, without any change from last year. Its latest increase dividend $0.75 reported on Tuesday December 14 2021.
Financial Health
Further, the company has a long term debt to equity ratio of 1.15 and a total debt to equity ratio of 1.15 for the quarter ending June 29. Its gross profit as reported stood at $66.71 billion compared to revenue of $92.81 billion.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, JPMorgan Chase & Co.’s return on assets was 1.20%.
Earnings Surprise
The analyst consensus anticipated JPMorgan Chase & Co.’s latest quarter earnings to come in at $3.99 per share, but it turned out to be $4.75, a 19.00% surprise. At the end of the quarter ending June 29, JPMorgan Chase & Co.’s stock balance sheet showed total debt was $746.32 billion. Shareholders own equity worth $2.91 billion.
Technical Picture
From a technical analysis perspective, let’s take a brief look at JPMorgan Chase & Co. (JPM) price momentum. RSI 9-day as of the close on 24 August was 31.09%, suggesting the stock is Neutral, with historical volatility in this time frame at 16.53%.
As of today, JPM’s price is $147.89 -0.94% or -$1.40 from its 5-day moving average. JPM is currently trading -5.63% lower than its 20-day SMA and +12.98% higher than its 100-day SMA. However, the stock’s current price level is +3.67% above the SMA50 and +12.66% above the SMA200.
The stochastic %K and %D were 11.46% and 12.50%, respectively, and the average true range (ATR) was 2.53. With the 14-day stochastic at 14.46% and the average true range at 2.53, the RSI (14) stands at 37.96%. The stock has reached -2.32 on the 9-day MACD Oscillator while the 14-day reading was at -4.31.
Analyst Ratings
Citigroup downgraded JPMorgan Chase & Co. (NYSE: JPM) to a a Neutral rating in its most recent analyst report. Previously, the stock was rated as a Buy. The consensus rating for JPMorgan Chase & Co. (JPM) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell JPM, while 7 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 4 analysts, while 16 others rate it as a “buy”.
What is JPM’s price target for the next 12 months?
Analysts predict a range of price targets between $140.00 and $219.00, with a median target of $169.00. Taking a look at these predictions, the average price target given by analysts for JPMorgan Chase & Co. (JPM) stock is $169.41.
