The J. C. Penney Company Inc. (NYSE:JCP) is going down by -0.94% in today’s trading session, a fall equivalent to -0.01% of the stock’s price from yesterday’s market close. A news came out 22 hours ago stating that Beware Retail’s Deep Stock Discounts by BARRONS. The lowest point that the shares touched during the trading session was $1.06, while the peak of the day was recorded at a share price of $1.17. JCP finished the previous session at $1.06 according to the data provided by Barchart, while the trading volume was observed to be $3417579.
In the 100 days of trading, JCP managed to top a 0.90% Moving average. Additionally, J. C. Penney Company Inc. shares have achieved a 52-week range between 0.53 and 1.91 alongside 100 days raw stochastic set at 69.17%.
The number of shares outstanding, according to the fundamentals of the company, is set at 319.40M, equal to the value of $338.56M in market capitalization. In the last 30 days, J. C. Penney Company Inc. shares went down by -15.85%, adding 1.23 to growth in value, on top of a +8.95% boost since 10/18/19.
J. C. Penney Company Inc. (NYSE:JCP) Analyst’s Estimates
J. C. Penney Company Inc. (JCP) could record at least $0.02 per share in quarterly earnings in the upcoming report on 03/02/2020, a number that would actually represent a decrease of -0.80 YOY.
According to the average analyst rating, J. C. Penney Company Inc. would be rated as Underweight. Out of 9 different analysts monitoring JCP stock, 0 analysts rate the stock as a BUY, 5 suggest to give the rating of HOLD, 0 indicate that JCP is an OVERWEIGHT, 3 rated the stock as a SELL, and 1 analyst believes that the stock should be rated as UNDERWEIGHT.
On August 13, 2019, the stock earned a Reiterated rating due to a new analyst call from B. Riley FBR, while analysts from Telsey Advisory Group believe that the stock is set at Market Perform, as concluded on November 16, 2018. Argus, is still rather wary about the stock, deciding to keep the rating at Sell as confirmed through a call on November 16, 2018.
Regardless of the rating, Telsey Advisory Group did decrease their price from $3 to $2 as they are considering target share price analysis. JP Morgan, on the other hand, provided a rather enthusiastic opinion on the rating, concluded in an analyst call on August 16, 2018, giving the stock a Underweight from the Neutral rating.
JCP Key Ratios To Watch:
Taking in account the profitability of the Company, gross profit margin of +29.89% has been attained, while the operating margin has been recorded at -0.02%. The firm is also showcasing profitability through returns on assets in the company’s ownership, with ROA set at -3.09%. Beta value of the stock is recorded at 1.64. Additionally, J. C. Penney Company Inc. is recording price volatility of 9.12% for the period of the last seven days and 5.93% in the last 30 days.
J. C. Penney Company Inc. (NYSE:JCP) Technical Outlook
For the period of the last 50 days, J. C. Penney Company Inc. had its Raw Stochastic average set at 51.09% for the latest technical analysis. In comparison to the period of the last 20 days, the present Raw Stochastic average for the last 50 days poses as improvement, set at 30.36%. Stochastic %K for J. C. Penney Company Inc., with the last 20 days included, was set at 49.40%, having Stochastic %D topping 60.52%. Based on the previous performance of the company for the mentioned period, there are more than several recorded moving trends. When it comes to the period of the last 12 months, accounting the time for year-to-date, price performance appears to be encouraging for J. C. Penney Company Inc. stocks with recording 1.92% in metrics.
J. C. Penney Company Inc. Insider Watch:
Similarly, 77.28% of the company’s float is held by institutions – and there are 300 institutions in total holding shares of this company. The top three institutional holders of JCP stocks are: Blackrock Inc. with ownership of $39.13 million, which is approximately 44021514 of the company’s shares; Vanguard Group, Inc. (The), holding 16463866 shares of the stock with an approximate value of $14.63 million; and Newport Trust Co, currently with more than 16228707 shares of the company valued at $14.43 million. Positions in J. C. Penney Company Inc. stocks held by institutional investors has been changing actively in the past six months, a period during which there were 21 insider purchases amounting to 6475155 shares.