Johnson & Johnson (NYSE:JNJ) shares, rose in value on Wednesday, May 07, with the stock price up by 1.83% to the previous day’s close as strong demand from buyers drove the stock to $157.30.
Actively observing the price movement in the last trading, the stock closed the session at $154.47. The PE ratio was 17.49 over 12-month period. Referring to stock’s 52-week performance, its high was $169.99, and the low was $140.68. On the whole, JNJ has fluctuated by 4.44% over the past month.
With the market capitalization of Johnson & Johnson currently standing at about $379.07 billion, investors are eagerly awaiting this quarter’s results, scheduled for in June. The company’s Forward Dividend Ratio is 4.96, with its dividend yield at 3.15%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 91.35B, with a low estimate of 22.51B and a high estimate of 23.09B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 22.85B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that JNJ’s technical picture suggests that short-term indicators denote the stock is a Hold on average. However, medium-term indicators have put the stock in the category of 50% Buy while long-term indicators on average have been pointing out that it is a 50% Buy.
The stock’s technical analysis shows that the PEG ratio is about 3.01, with the price of JNJ currently trading nearly 1.64% and -1.16% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 52.93, while the 7-day volatility ratio is showing 1.44% which for the 30-day chart, stands at 2.40%. Furthermore, Johnson & Johnson (JNJ)’s beta value is 0.42, and its average true range (ATR) is 3.33.
A comparison of Johnson & Johnson (JNJ) with its peers suggests the former has fared considerably weaker in the market. JNJ showed an intraday change of 1.83% in last session, and over the past year, it grew by 5.38%%.
Data on historical trading for Johnson & Johnson (NYSE:JNJ) indicates that the trading volumes over the past 3 months, they’ve averaged 9.64 million. According to company’s latest data on outstanding shares, there are 2.41 billion shares outstanding.
Nearly 0.14% of Johnson & Johnson’s shares belong to company insiders and institutional investors own 73.01% of the company’s shares. The stock has risen by 8.77% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the JNJ stock heading into the next quarter.
