JPMorgan Chase & Co (NYSE:JPM) traded at $249.97 at close of the session on Tuesday, November 26 and made a downward move of -0.13% on its previous day’s price.
Looking at the stock we see that its previous close was $250.29 and the beta (5Y monthly) reads 1.091 with the day’s price range being $248.34 – $251.0. The company has a trailing 12-month PE ratio of 13.91. In terms of its 52-week price range, JPM has a high of $254.31 and a low of $152.71. The company’s stock has gained about 10.85% over that past 30 days.
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JPMorgan Chase & Co has a market cap of $703.75 billion and is expected to release its quarterly earnings report in December. With its Forward Dividend at 4.60 and a yield of 1.84%, the company’s investors could be anxious for the JPM stock to gain ahead of the earnings release. Estimates by analysts give the company expected earnings per share (EPS) of 3.84, with the EPS growth for the year raised at 18.23 for current year and 18.23 for next year.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at 40.94B, with a low of 39.64B and a high of 42B. The median projection represents growth squeezing down to 6.13% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for current year is expected to hit 174.14B, or 10.14% up from figures reported last year.
On the other hand, looking at the outlook for the JPM stock, short term indicators assign the stock an average of 100% Buy, while medium term indicators assign it an average of 100% Buy.
Based on estimates by 21 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 4 have rated the JPMorgan Chase & Co (JPM) stock as a Hold, while 17 rate it as a Buy. 0 analyst(s) rate it as overweight while 0 of them rated it as underweight, whereas 0 suggest the stock as a Sell. The stock has an overall rating of Buy and investors could take advantage and scoop up stock of the company.
Looking further, we note that the PEG ratio for the JPM stock currently stands at 5.41, and the current price level is 5.02% off its SMA20 and 11.21% from its 50-day simple moving average. The RSI (14) is pointing at 69.13 while the volatility over the past week is 1.92% and jumps to 2.00% over the past one month. The beta value is 1.11, while the average true range (ATR) is currently pointing at 5.10. The average price target for the stock over the next 12 months is $211, with the estimates having a low of $120 and a high of $257. These price ends are 51.99% and -2.81% off the current price level respectively, although investors could be excited at the prospect of a 15.59% if the JPM share price touches on the median price of $211.
Coming back to JPMorgan Chase & Co (NYSE:JPM), we note that the average 3-month trading volume was 9.05 million, while that of the preceding 10-day period stands at 9.2 million. Current shares outstanding are 2.88 billion.
The insiders hold 0.39% of the company’s shares while institutions hold 73.61%. The data shows that short shares as of 2024-11-15, stood at 30.12 million at a short ratio of 3.42. This represents a 107.00 short interest in shares outstanding on 2024-11-15. Shares short rose in November from the previous month at 28.07 million. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock 46.95% up in year-to-date price movement.
