As of Wednesday close, JPMorgan Chase & Co.’s (NYSE:JPM) stock was down -$0.63, moving down -0.42 percent to $148.30. The average number of shares traded per day over the past five days has been 10,338,061 shares. 2 times new highs have been achieved over the past 5 days, with a $1.89 gain in that time frame. In the last twenty days, the average volume was 8,241,720, while in the previous 50 days, it was 9,193,554.
Since last month, JPM stock retreated -0.79%. Shares of the company fell to $142.65 on 09/08/23, 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 10.59% or $14.20, and marked a new high 19 times. However, the stock has declined by -6.95% since its 52-week high.
JPM stock investors should be aware that JPMorgan Chase & Co. (JPM) stock had its last reported insider trading activity 15 days ago on Sep 06. Friedman Stacey, the General Counsel of the company, disposed of 4,310 shares for $144.86 on Sep 06. It resulted in a $624,335 divestment by the insider. Friedman Stacey sold 4,310 shares at an average price of $157.16 on Aug 07. The insider now owns 57,735 shares following the transaction. On Jun 15, CEO Asset & Wealth Management Erdoes Mary E. sold 8,118 shares at $142.15 apiece. The transaction was valued at $1,154,002.
Valuation Metrics
Right now, JPMorgan Chase & Co. (JPM) has a P/E ratio of about 9.54. The stock’s beta is 1.09. Besides these, the trailing price-to-sales (P/S) ratio of 3.15, the price-to-book (PB) ratio of 1.53.
The latest dividend of $1.05 per share was paid out, which is 5.0% more than last year’s $1.00. On Tuesday September 19 2023, a $0.05 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 11.23%, the RSI 9-day stood at 54.24% on 20 September.
With respect to its five-day moving average, the current JPMorgan Chase & Co. price is up by +1.29% percent or $1.89. At present, JPM shares trade +1.31% above its 20-day simple moving average and +8.21% percent above its 100-day simple moving average. However, the stock is currently trading approximately +0.60% above its SMA50 and +8.85% above its SMA200.
Stochastic coefficient K was 83.44% and Stochastic coefficient D was 86.31%, while ATR was 2.17. Given the Stochastic reading of 74.34% for the 14-day period, the RSI (14) reading has been calculated as 50.67%. As of today, the MACD Oscillator reading stands at 1.51, while the 14-day reading stands at 2.18.
Analyst Ratings
HSBC Securities launched its rating on JPMorgan Chase & Co. (NYSE: JPM) to a Hold in a note to investors on September 07, 2023. JPMorgan Chase & Co. (JPM) has been rated Overweight by analysts. According to 0 brokerage firms, JPM is a sell, and 8 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 3 analysts rate JPMorgan Chase & Co. stock as buy, with 15 recommending it as overweight.
With a median target price of $167.50, the current consensus forecast for the stock is $140.00 – $219.00. Based on these forecasts, analysts predict JPMorgan Chase & Co. (JPM) will achieve an average price target of $169.50.
