Johnson & Johnson (NYSE:JNJ) shares, rose in value on Thursday, February 13, with the stock price up by 1.28% to the previous day’s close as strong demand from buyers drove the stock to $157.25.
Actively observing the price movement in the last trading, the stock closed the session at $155.26. The PE ratio was 27.12 over 12-month period. Referring to stock’s 52-week performance, its high was $168.85, and the low was $140.68. On the whole, JNJ has fluctuated by 8.64% over the past month.
With the market capitalization of Johnson & Johnson currently standing at about $378.60 billion, investors are eagerly awaiting this quarter’s results, scheduled for in March. The company’s Forward Dividend Ratio is 4.91, 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 89.98B, with a low estimate of 21.37B and a high estimate of 22.11B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 21.65B.
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% Sell 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 5.50, with the price of JNJ currently trading nearly 3.77% and 6.04% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 66.43, while the 7-day volatility ratio is showing 1.42% which for the 30-day chart, stands at 1.59%. Furthermore, Johnson & Johnson (JNJ)’s beta value is 0.48, and its average true range (ATR) is 2.43.
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 1.28% in last session, and over the past year, it shrunk by -0.38%%.
Data on historical trading for Johnson & Johnson (NYSE:JNJ) indicates that the trading volumes over the past 3 months, they’ve averaged 8.67 million. According to company’s latest data on outstanding shares, there are 2.41 billion shares outstanding.
Nearly 0.13% of Johnson & Johnson’s shares belong to company insiders and institutional investors own 72.95% of the company’s shares. The stock has risen by 8.73% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the JNJ stock heading into the next quarter.
