JPMorgan Chase & Co. (NYSE:JPM) price closed lower on Friday, April 12, dropping -6.47% below its previous close.
A look at the daily price movement shows that the last close reads $195.43. The company’s 5Y monthly beta was ticking 1.12 while its P/E ratio in the trailing 12-month period read 11.27. Taking into account the 52-week price action we note that the stock hit a 52-week high of $200.94 and 52-week low of $126.83. The stock subtracted -4.49% on its value in the past month.
JPMorgan Chase & Co., which has a market valuation of $524.99 billion, is expected to release its quarterly earnings report Jul 12, 2024. The company stock has a Forward Dividend ratio of 4.25, while the dividend yield is 2.33%. It is understandable that investor optimism is growing ahead of the company’s current quarter results.
Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with no upward and no downward reviews. On the technical perspective front, indicators give JPM a short term outlook of 50% Buy on average. Looking at the stock’s medium term indicators we note that it is averaging as a 50% Buy, while an average of long term indicators are currently assigning the stock as 100% Buy.
If we dive deeper into the stock’s performance we see the positive picture represented by the PEG ratio, currently standing at 9.39. The overview shows that JPM’s price is at present -6.81% off the SMA20 and -2.42% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 32.73, with weekly volatility standing at 1.89%. The indicator jumps to 1.60% when calculated based on the past 30 days. JPMorgan Chase & Co. (NYSE:JPM)’s beta value is holding at 1.12, while the average true range (ATR) indicator is currently reading 3.54. An analysis of the JPMorgan Chase & Co. (NYSE:JPM) stock in terms of its daily trading volume indicates that the 3-month average is 8.72 million.
Current records show that the company has 2.87B in outstanding shares. The insiders’ percentage holdings are 0.10% of outstanding shares while the percentage share held by institutions stands at 70.80%. But the 7.46% upside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.
