Johnson & Johnson (NYSE:JNJ) shares, rose in value on Friday, November 22, with the stock price up by 0.27% to the previous day’s close as strong demand from buyers drove the stock to $155.91.
Actively observing the price movement in the recent trading, the stock is buoying the session at $155.50, falling within a range of $154.83 and $157.115. The value of beta (5-year monthly) is 0.518 whereas the PE ratio is 25.77 over 12-month period. Referring to stock’s 52-week performance, its high was $168.85, and the low was $143.13. On the whole, JNJ has fluctuated by -4.74% over the past month.
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With the market capitalization of Johnson & Johnson currently standing at about $375.38 billion, investors are eagerly awaiting this quarter’s results, scheduled for in December. The company’s Forward Dividend Ratio is 4.86, with its dividend yield at 3.12%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 88.78B, with a low estimate of 22.29B and a high estimate of 22.75B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 22.45B.
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 50% Sell 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 4.30, with the price of JNJ currently trading nearly -0.31% and -2.68% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 45.80, while the 7-day volatility ratio is showing 1.73% which for the 30-day chart, stands at 1.49%. Furthermore, Johnson & Johnson (JNJ)’s beta value is 0.51, and its average true range (ATR) is 2.38.
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 0.27% in today’s session so far, and over the past year, it grew by 3.38%%.
Data on historical trading for Johnson & Johnson (NYSE:JNJ) indicates that the trading volumes over the past 10 days have averaged 8.44 and over the past 3 months, they’ve averaged 6.40 million. According to company’s latest data on outstanding shares, there are 2.41 billion shares outstanding.
Nearly 0.12% of Johnson & Johnson’s shares belong to company insiders and institutional investors own 72.74% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 18.11 million shares as on 2024-10-31, resulting in a short ratio of 3.13. According to the data, the short interest in Johnson & Johnson (JNJ) stood at 75.00 of shares outstanding as of 2024-10-31; the number of short shares registered in 2024-09-30 reached 19.74 million. The stock has fallen by -0.53% 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.
