Johnson & Johnson (NYSE: JNJ)’s stock price has gone rise by 0.40 in comparison to its previous close of 164.47, however, the company has experienced a 2.27% increase in its stock price over the last five trading days. fool.com reported 2024-10-19 that Investors looking for dividend stocks at reasonable valuations have come to the right place.
Is It Worth Investing in Johnson & Johnson (NYSE: JNJ) Right Now?
Johnson & Johnson (NYSE: JNJ) has a price-to-earnings ratio that is above its average at 27.29x. The stock has a 36-month beta value of 0.52. Opinions on the stock are mixed, with 8 analysts rating it as a “buy,” 4 as “overweight,” 8 as “hold,” and 2 as “sell.”
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The public float for JNJ is 2.40B, and at present, short sellers hold a 0.82% of that float. On October 21, 2024, the average trading volume of JNJ was 6.45M shares.
JNJ’s Market Performance
The stock of Johnson & Johnson (JNJ) has seen a 2.27% increase in the past week, with a 0.18% rise in the past month, and a 7.05% gain in the past quarter. The volatility ratio for the week is 1.75%, and the volatility levels for the past 30 days are at 1.21% for JNJ. The simple moving average for the last 20 days is 2.03% for JNJ’s stock, with a simple moving average of 5.78% for the last 200 days.
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 1.38% 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 -2.21% of loss for the given period.
Volatility was left at 1.21%, however, over the last 30 days, the volatility rate increased by 1.75%, as shares surge +0.58% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +3.06% upper at present.
During the last 5 trading sessions, JNJ rose by +2.27%, which changed the moving average for the period of 200-days by +2.58% in comparison to the 20-day moving average, which settled at $161.84. In addition, Johnson & Johnson saw 5.35% 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:
- 0.28 for the present operating margin
- 0.69 for the gross margin
The net margin for Johnson & Johnson stands at 0.17. Equity return is now at value 22.34, with 8.79 for asset returns.
When we switch over and look at the enterprise to sales, we see a ratio of 4.53. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.07.
Conclusion
To sum up, Johnson & Johnson (JNJ) has seen a better performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as 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.
