JPMorgan Chase & Co (NYSE:JPM) shares, rose in value on Friday, November 22, with the stock price up by 1.28% to the previous day’s close as strong demand from buyers drove the stock to $247.88.
Actively observing the price movement in the recent trading, the stock is buoying the session at $244.76, falling within a range of $243.035 and $248.25. The value of beta (5-year monthly) is 1.091 whereas the PE ratio is 13.79 over 12-month period. Referring to stock’s 52-week performance, its high was $248.00, and the low was $152.71. On the whole, JPM has fluctuated by 10.18% over the past month.
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With the market capitalization of JPMorgan Chase & Co currently standing at about $697.88 billion, investors are eagerly awaiting this quarter’s results, scheduled for in December. The company’s Forward Dividend Ratio is 4.60, with its dividend yield at 1.86%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 174.14B, with a low estimate of 39.64B and a high estimate of 42B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 40.94B.
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 100% Buy on average. However, medium-term indicators have put the stock in the category of 100% 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 5.36, with the price of JPM currently trading nearly 5.30% and 11.11% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 67.87, while the 7-day volatility ratio is showing 1.92% which for the 30-day chart, stands at 1.96%. Furthermore, JPMorgan Chase & Co (JPM)’s beta value is 1.10, and its average true range (ATR) is 5.17.
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 1.28% in today’s session so far, and over the past year, it grew by 61.67%%.
Data on historical trading for JPMorgan Chase & Co (NYSE:JPM) indicates that the trading volumes over the past 10 days have averaged 9.22 and over the past 3 months, they’ve averaged 8.96 million. According to company’s latest data on outstanding shares, there are 2.88 billion shares outstanding.
Nearly 0.40% of JPMorgan Chase & Co’s shares belong to company insiders and institutional investors own 73.60% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 26.26 million shares as on 2024-10-31, resulting in a short ratio of 3.37. According to the data, the short interest in JPMorgan Chase & Co (JPM) stood at 94.00 of shares outstanding as of 2024-10-31; the number of short shares registered in 2024-09-30 reached 27.54 million. The stock has risen by 45.73% 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.
