JPMorgan Chase & Co. (NYSE:JPM) shares, rose in value, with the stock price down by -0.82% to the previous day’s close as strong demand from buyers drove the stock to $207.53.
Actively observing the price movement in the last trading, the stock closed the session at $209.25, falling within a range of $206.7 and $211.325. The value of beta (5-year monthly) was 1.105 whereas the PE ratio was 11.58 over 12-month period. Referring to stock’s 52-week performance, its high was $225.48, and the low was $135.19. On the whole, JPM has fluctuated by -3.68% over the past month.
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With the market capitalization of JPMorgan Chase & Co. currently standing at about $590.46 billion, investors are eagerly awaiting this quarter’s results, scheduled for in October. The company’s Forward Dividend Ratio is 4.40, with its dividend yield at 2.12%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 175.77B, with a low estimate of 40.79B and a high estimate of 42.7B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 41.79B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that JPM’s technical picture suggests that short-term indicators denote the stock is a 50% Buy 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 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 3.64, with the price of JPM currently trading nearly -3.45% and -1.68% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 44.07, while the 7-day volatility ratio is showing 1.78% which for the 30-day chart, stands at 2.07%. Furthermore, JPMorgan Chase & Co. (JPM)’s beta value is 1.11, and its average true range (ATR) is 4.81.
A comparison of JPMorgan Chase & Co. (JPM) with its peers suggests the former has fared considerably weaker in the market. JPM showed an intraday change of -0.82% in last session, and over the past year, it grew by 39.17%%.
Data on historical trading for JPMorgan Chase & Co. (NYSE:JPM) indicates that the trading volumes over the past 10 days have averaged 11.06 and over the past 3 months, they’ve averaged 9.13 million. According to company’s latest data on outstanding shares, there are 2.88 billion shares outstanding.
Nearly 0.39% of JPMorgan Chase & Co.’s shares belong to company insiders and institutional investors own 73.65% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 27.68 million shares as on 2024-08-30, resulting in a short ratio of 3.49. According to the data, the short interest in JPMorgan Chase & Co. (JPM) stood at 98.00 of shares outstanding as of 2024-08-30; the number of short shares registered in 2024-07-31 reached 25.03 million. The stock has risen by 22.00% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the JPM stock heading into the next quarter.
