JPMorgan Chase & Co. (NYSE:JPM) finished Thursday with an addition of $1.81 to close at $147.59, an upside of 1.24 percent. An average of 7,434,140 shares of common stock have been traded in the last five days. There was a gain of $0.45 in the past week, and it reached a new high 40 times over the past 12 months. The last 20 days have seen an average of 8,563,130 shares traded, while the 50-day average volume stands at 8,241,026.
JPM stock has decreased by -0.79% in the last month. The company shares reached their 1-month lowest point of $142.65 on 09/08/23. 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 10.06% or $13.49 in price. In spite of this, the price is down -7.40% 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 23 days ago on Sep 06. In this transaction, the insider spent $624,335. General Counsel, Friedman Stacey, disposed of 4,310 shares at a price of $157.16 on Aug 07. The insider now owns more than $677,343 worth of shares. Prior to that, CEO Asset & Wealth Management Erdoes Mary E. went on to Sale 8,118 shares at $142.15 each on Jun 15. An amount of $1,154,002 was transacted.
Valuation Metrics
JPMorgan Chase & Co. (JPM) has a trailing price-to-earnings (P/E) ratio of 9.49. The stock’s beta is 1.08. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 2.08, the price-to-book (PB) ratio at 1.50, and the price-to-cash flow ratio at 4.11.
The company has a payout ratio of 33.10%. The company’s most recent quarterly dividend payment was $1.05 a share, representing a up of 5.0% from $1.00 last year.
Financial Health
Further, the company has a long term debt to equity ratio of 1.26 and a total debt to equity ratio of 2.24 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 1.23%.
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 28 September was 53.48%, suggesting the stock is Neutral, with historical volatility in this time frame at 11.69%.
As of today, JPM’s price is $146.10 +0.31% or $0.45 from its 5-day moving average. JPM is currently trading -0.38% lower than its 20-day SMA and +7.93% higher than its 100-day SMA. However, the stock’s current price level is -4.32% below the SMA50 and +11.68% above the SMA200.
The stochastic %K and %D were 43.55% and 41.37%, respectively, and the average true range (ATR) was 2.28. With the 14-day stochastic at 59.45% and the average true range at 2.28, the RSI (14) stands at 50.44%. The stock has reached -1.01 on the 9-day MACD Oscillator while the 14-day reading was at -0.99.
Analyst Ratings
HSBC Securities launched coverage on JPMorgan Chase & Co. (NYSE: JPM) in its analyst report released on September 07, 2023. The firm assigned the stock a Hold rating. 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 8 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 3 analysts, while 15 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 $215.00, with a median target of $167.50. Taking a look at these predictions, the average price target given by analysts for JPMorgan Chase & Co. (JPM) stock is $169.33.
