JPMorgan Chase & Co. (NYSE: JPM)’s stock price has soared by 0.34 in relation to previous closing price of 209.78. Nevertheless, the company has seen a loss of -0.28% in its stock price over the last five trading days. seekingalpha.com reported 2024-09-29 that For income investors, closed-end funds remain an attractive investment class that covers various asset classes and promises high distributions and reasonable total returns. Closed-end funds, or CEFs, are generally characterized by higher volatility and deeper drawdowns than the broader market. For these reasons, they are not suited for everyone. In this monthly series, we highlight five CEFs with solid track records that pay high distributions and offer “excess” discounts. We try to separate the wheat from the chaff using our filtering process to select just five CEFs every month from around 500 closed-end funds.
Is It Worth Investing in JPMorgan Chase & Co. (NYSE: JPM) Right Now?
The price-to-earnings ratio for JPMorgan Chase & Co. (NYSE: JPM) is above average at 11.74x, Company’s 36-month beta value is 1.10.Analysts have differing opinions on the stock, with 9 analysts rating it as a “buy,” 4 as “overweight,” 13 as “hold,” and 1 as “sell.”
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The public float for JPM is 2.83B, and currently, short sellers hold a 0.98% ratio of that floaft. The average trading volume of JPM on September 30, 2024 was 9.12M shares.
JPM’s Market Performance
JPM stock saw a decrease of -0.28% in the past week, with a monthly decline of -4.88% and a quarterly a decrease of 4.07%. The volatility ratio for the week is 1.32%, and the volatility levels for the last 30 days are 2.19% for JPMorgan Chase & Co. (JPM). The simple moving average for the past 20 days is -0.86% for JPM’s stock, with a 8.77% 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 “Hold.” The predicted price for JPM in the upcoming period, according to Deutsche Bank is $235 based on the research report published on September 03, 2024 of the current year 2024.
Daiwa Securities, on the other hand, stated in their research note that they expect to see JPM reach a price target of $240. The rating they have provided for JPM stocks is “Outperform” according to the report published on August 20th, 2024.
JPM Trading at -0.31% 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 -6.64% of loss for the given period.
Volatility was left at 2.19%, however, over the last 30 days, the volatility rate increased by 1.32%, as shares sank -5.27% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +0.25% upper at present.
During the last 5 trading sessions, JPM fell by -0.28%, which changed the moving average for the period of 200-days by +32.31% in comparison to the 20-day moving average, which settled at $211.74. In addition, JPMorgan Chase & Co. saw 23.75% 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 Friedman Stacey, who sale 4,415 shares at the price of $197.58 back on Jun 20 ’24. After this action, Friedman Stacey now owns 37,709 shares of JPMorgan Chase & Co., valued at $872,311 using the latest closing price.
BACON ASHLEY, the Chief Risk Officer of JPMorgan Chase & Co., sale 5,086 shares at $199.54 during a trade that took place back on Jun 10 ’24, which means that BACON ASHLEY is holding 212,265 shares at $1,014,857 based on the most recent closing price.
Stock Fundamentals for JPM
Current profitability levels for the company are sitting at:
- 0.44 for the present operating margin
- 0.94 for the gross margin
The net margin for JPMorgan Chase & Co. stands at 0.32. The total capital return value is set at 0.03. Equity return is now at value 16.45, with 1.34 for asset returns.
Based on JPMorgan Chase & Co. (JPM), the company’s capital structure generated 0.72 points at debt to capital in total, while cash flow to debt ratio is standing at -0.03. The debt to equity ratio resting at 2.55. The interest coverage ratio of the stock is 0.8.
Currently, EBITDA for the company is -1.79 billion with net debt to EBITDA at 38.33. When we switch over and look at the enterprise to sales, we see a ratio of 13.6. The receivables turnover for the company is 1.26for trailing twelve months and the total asset turnover is 0.04. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.46.
Conclusion
In a nutshell, JPMorgan Chase & Co. (JPM) has experienced a mixed performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
