The stock price of JPMorgan Chase & Co. (NYSE: JPM) has plunged by -6.47 when compared to previous closing price of 195.43, but the company has seen a -7.42% decline in its stock price over the last five trading sessions. Investopedia reported 2024-04-13 that Large U.S. banks kicked off the first-quarter earnings report season by disclosing higher-than-expected profits. But their net interest income—a key performance indicator for the sector—fell shy of projections.
Is It Worth Investing in JPMorgan Chase & Co. (NYSE: JPM) Right Now?
JPMorgan Chase & Co. (NYSE: JPM) has a higher price-to-earnings ratio of 11.27x compared to its average ratio, The 36-month beta value for JPM is at 1.12. Analysts have varying views on the stock, with 9 analysts rating it as a “buy,” 4 rating it as “overweight,” 13 as “hold,” and 1 as “sell.”
The public float for JPM is 2.85B, and currently, shorts hold a 0.77% of that float. The average trading volume for JPM on April 15, 2024 was 8.72M shares.
JPM’s Market Performance
JPM stock saw a decrease of -7.42% in the past week, with a monthly decline of -4.49% and a quarterly a decrease of 7.33%. The volatility ratio for the week is 1.89%, and the volatility levels for the last 30 days are 1.60% for JPMorgan Chase & Co. (JPM). The simple moving average for the past 20 days is -6.81% for JPM’s stock, with a 13.04% simple moving average for the past 200 days.
Analysts’ Opinion of JPM
Many brokerage firms have already submitted their reports for JPM stocks, with Deutsche Bank repeating the rating for JPM by listing it as a “Buy.” The predicted price for JPM in the upcoming period, according to Deutsche Bank is $190 based on the research report published on January 09, 2024 of the current year 2024.
Odeon gave a rating of “Hold” to JPM, setting the target price at $140 in the report published on November 02nd of the previous year.
JPM Trading at -2.42% from the 50-Day Moving Average
After a stumble in the market that brought JPM to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -9.03% of loss for the given period.
Volatility was left at 1.60%, however, over the last 30 days, the volatility rate increased by 1.89%, as shares sank -2.76% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +4.83% upper at present.
During the last 5 trading sessions, JPM fell by -7.42%, which changed the moving average for the period of 200-days by +31.31% in comparison to the 20-day moving average, which settled at $195.88. In addition, JPMorgan Chase & Co. saw 7.46% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at JPM starting from Beer Lori A, who sale 3,920 shares at the price of $195.36 back on Mar 25 ’24. After this action, Beer Lori A now owns 64,783 shares of JPMorgan Chase & Co., valued at $765,805 using the latest closing price.
DIMON JAMES, the Chairman & CEO of JPMorgan Chase & Co., sale 821,778 shares at $182.73 during a trade that took place back on Feb 22 ’24, which means that DIMON JAMES is holding 595,316 shares at $150,167,221 based on the most recent closing price.
Stock Fundamentals for JPM
Current profitability levels for the company are sitting at:
- 0.25 for the present operating margin
- 0.96 for the gross margin
The net margin for JPMorgan Chase & Co. stands at 0.27. The total capital return value is set at 0.02. Equity return is now at value 16.60, with 1.20 for asset returns.
Based on JPMorgan Chase & Co. (JPM), the company’s capital structure generated 0.7 points at debt to capital in total, while cash flow to debt ratio is standing at 0.02. The debt to equity ratio resting at 2.28. The interest coverage ratio of the stock is 0.7.
Currently, EBITDA for the company is -1.79 billion with net debt to EBITDA at 1505.83. When we switch over and look at the enterprise to sales, we see a ratio of 7.19.
Conclusion
In conclusion, JPMorgan Chase & Co. (JPM) has had a mixed performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
