In the past week, JNJ stock has gone down by -0.69%, with a monthly decline of -2.85% and a quarterly surge of 10.18%. The volatility ratio for the week is 0.93%, and the volatility levels for the last 30 days are 1.18% for Johnson & Johnson The simple moving average for the last 20 days is -2.19% for JNJ’s stock, with a simple moving average of 2.88% for the last 200 days.
Is It Worth Investing in Johnson & Johnson (NYSE: JNJ) Right Now?
Johnson & Johnson (NYSE: JNJ) has a higher price-to-earnings ratio of 23.17x compared to its average ratio, The 36-month beta value for JNJ is at 0.52. Analysts have varying views on the stock, with 8 analysts rating it as a “buy,” 4 rating it as “overweight,” 8 as “hold,” and 2 as “sell.”
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The public float for JNJ is 2.40B, and currently, shorts hold a 0.96% of that float. The average trading volume for JNJ on October 07, 2024 was 6.60M shares.
JNJ) stock’s latest price update
The stock of Johnson & Johnson (NYSE: JNJ) has decreased by -0.13 when compared to last closing price of 160.50.Despite this, the company has seen a loss of -0.69% in its stock price over the last five trading days. seekingalpha.com reported 2024-10-05 that This article is part of our monthly series where we highlight five large-cap, relatively safe, dividend-paying companies offering large discounts to their historical norms. We go over our filtering process to select just five conservative DGI stocks from more than 7,500 companies that are traded on U.S. exchanges, including OTC networks. In addition to the primary list that yields about 3.4%, we present two other groups of five DGI stocks each, with the goal of moderate to high yields.
Analysts’ Opinion of JNJ
Many brokerage firms have already submitted their reports for JNJ stocks, with Daiwa Securities repeating the rating for JNJ by listing it as a “Neutral.” The predicted price for JNJ in the upcoming period, according to Daiwa Securities is $150 based on the research report published on July 23, 2024 of the current year 2024.
Goldman, on the other hand, stated in their research note that they expect to see JNJ reach a price target of $160. The rating they have provided for JNJ stocks is “Neutral” according to the report published on May 30th, 2024.
HSBC Securities gave a rating of “Buy” to JNJ, setting the target price at $170 in the report published on April 18th of the current year.
JNJ Trading at -1.35% 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 -5.07% of loss for the given period.
Volatility was left at 1.18%, however, over the last 30 days, the volatility rate increased by 0.93%, as shares sank -2.49% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +0.41% upper at present.
During the last 5 trading sessions, JNJ fell by -0.69%, which changed the moving average for the period of 200-days by +3.12% in comparison to the 20-day moving average, which settled at $163.68. In addition, Johnson & Johnson saw 2.26% 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 JNJ starting from Decker Robert J, who sale 5,635 shares at the price of $165.06 back on Aug 30 ’24. After this action, Decker Robert J now owns 18,973 shares of Johnson & Johnson, valued at $930,113 using the latest closing price.
Decker Robert J, the Officer of Johnson & Johnson, proposed sale 5,635 shares at $165.06 during a trade that took place back on Aug 30 ’24, which means that Decker Robert J is holding shares at $930,113 based on the most recent closing price.
Stock Fundamentals for JNJ
Current profitability levels for the company are sitting at:
- 0.3 for the present operating margin
- 0.69 for the gross margin
The net margin for Johnson & Johnson stands at 0.44. The total capital return value is set at 0.21. Equity return is now at value 22.34, with 8.79 for asset returns.
Based on Johnson & Johnson (JNJ), the company’s capital structure generated 0.37 points at debt to capital in total, while cash flow to debt ratio is standing at 0.59. The debt to equity ratio resting at 0.58. The interest coverage ratio of the stock is 33.98.
Currently, EBITDA for the company is 32.32 billion with net debt to EBITDA at 0.5. When we switch over and look at the enterprise to sales, we see a ratio of 4.65. The receivables turnover for the company is 5.48for trailing twelve months and the total asset turnover is 0.48. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.07.
Conclusion
In conclusion, Johnson & Johnson (JNJ) has had a mixed performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
