The stock of Johnson & Johnson (JNJ) has gone up by 2.14% for the week, with a -2.12% drop in the past month and a -4.69% drop in the past quarter. The volatility ratio for the week is 1.78%, and the volatility levels for the past 30 days are 1.59% for JNJ.. The simple moving average for the past 20 days is 0.66% for JNJ’s stock, with a -5.51% simple moving average for the past 200 days.
Is It Worth Investing in Johnson & Johnson (NYSE: JNJ) Right Now?
The price-to-earnings ratio for Johnson & Johnson (NYSE: JNJ) is 21.50x, which is above its average ratio. Moreover, the 36-month beta value for JNJ is 0.53. Analysts have varying opinions on the stock, with 8 analysts rating it as a “buy,” 4 as “overweight,” 8 as “hold,” and 2 as “sell.”
The public float for JNJ is 2.40B and currently, short sellers hold a 0.69% of that float. On May 06, 2024, JNJ’s average trading volume was 7.76M shares.
JNJ) stock’s latest price update
Johnson & Johnson (NYSE: JNJ)’s stock price has gone decline by -0.43 in comparison to its previous close of 149.92, however, the company has experienced a 2.14% increase in its stock price over the last five trading days. Seeking Alpha reported 2024-05-05 that “The Dow® [adds a stock] if the company has an excellent reputation, demonstrates sustained growth, and is of interest to a large number of investors. Sector representation.is also a consideration.”–DowJones&Co. The highest-yield 10 stocks are May’s Dogs of the Dow: HD, KO, AMGN, JNJ, CSCO, IBM, CVX, DOW, MMM, and VZ. They now average a 4.17% annual yield, as prices. Thirty Dow stocks represent nine of eleven sectors. DowJones tracks utilities as a separate index and omits real estate. Broker top-ten target-estimated May net-gains ranged 17.6%-38%, topped by INTC 5/1/24.
Analysts’ Opinion of JNJ
Many brokerage firms have already submitted their reports for JNJ stocks, with HSBC Securities repeating the rating for JNJ by listing it as a “Buy.” The predicted price for JNJ in the upcoming period, according to HSBC Securities is $170 based on the research report published on April 18, 2024 of the current year 2024.
Wells Fargo, on the other hand, stated in their research note that they expect to see JNJ reach a price target of $163, previously predicting the price at $170. The rating they have provided for JNJ stocks is “Equal Weight” according to the report published on December 13th, 2023.
UBS gave a rating of “Buy” to JNJ, setting the target price at $180 in the report published on December 01st of the previous year.
JNJ Trading at -3.37% from the 50-Day Moving Average
After a stumble in the market that brought JNJ to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -15.17% of loss for the given period.
Volatility was left at 1.59%, however, over the last 30 days, the volatility rate increased by 1.78%, as shares sank -2.05% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -6.97% lower at present.
During the last 5 trading sessions, JNJ rose by +2.14%, which changed the moving average for the period of 200-days by -5.97% in comparison to the 20-day moving average, which settled at $148.14. In addition, Johnson & Johnson saw -4.77% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at JNJ starting from Broadhurst Vanessa, who sale 8,891 shares at the price of $162.16 back on Mar 13 ’24. After this action, Broadhurst Vanessa now owns 15,043 shares of Johnson & Johnson, valued at $1,441,765 using the latest closing price.
JOHNSON & JOHNSON, the 10% Owner of Johnson & Johnson, sale 3,725 shares at $25.81 during a trade that took place back on Feb 16 ’24, which means that JOHNSON & JOHNSON is holding 4,099,575 shares at $96,142 based on the most recent closing price.
Stock Fundamentals for JNJ
Current profitability levels for the company are sitting at:
- 0.26 for the present operating margin
- 0.68 for the gross margin
The net margin for Johnson & Johnson stands at 0.43. The total capital return value is set at 0.19. Equity return is now at value 23.91, with 9.15 for asset returns.
Based on Johnson & Johnson (JNJ), the company’s capital structure generated 0.32 points at debt to capital in total, while cash flow to debt ratio is standing at 0.69. The debt to equity ratio resting at 0.48. The interest coverage ratio of the stock is 20.71.
Currently, EBITDA for the company is 29.34 billion with net debt to EBITDA at 0.27. When we switch over and look at the enterprise to sales, we see a ratio of 4.1. The receivables turnover for the company is 6.0for trailing twelve months and the total asset turnover is 0.52. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.17.
Conclusion
To wrap up, the performance of Johnson & Johnson (JNJ) has been bad in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. 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.
