JPMorgan Chase & Co. (NYSE:JPM) shares went down -0.48% in Friday’s session, putting the price tag at $99.91 plus $333.84B in market capitalization. Earlier in the session, the stock traded between $98.95 and $100.17. Trading activity significantly weakened as the volume at ready counter decreased to 15,383,764 shares versus 19,899,660 in average daily trading volume over the past 20 days. So far this year, the volume has averaged about 15,243,537 shares. The stock is now 9.66% above against its bear-market low of $91.11 on December 26, 2018. It has retreated -19.44% since it’s 52-week high of $119.33 reached in February. Now the market price is down -9.38% on the year and up 2.35% YTD.
JPM’s 50 day simple moving average (SMA 50) price is $104.28 and its 200-day simple moving average (SMA 200) price is $109.51. The company’s stock currently has a total float of 3.3B shares. Its weekly volatility is hovering around 1.66% and felt 2.66% volatility in price over a month. On the upside, the share price will test short term resistance at around $100.4. On a downside, the stock is likely to find some support, which begins at $99.18. The failure to get near-term support could push it to $98.46.
Separately, it has been reported that multiple insider activity took place at JPMorgan Chase & Co. (JPM). Director Hobson Mellody L acquired 1,150 shares for $59,987 in transaction occurred on 2018/10/19. After making this transaction, the Director owns a direct stake of 125,281 shares, worth $5,993,301, as per the last closing price. On 2018/07/23 Smith Gordon, Co-President & COO, CEO CCB at JPM, dumped 30,725 shares at an average price of $114.01 per share. The selling total is valued at $32,526,800.
Director, Combs Todd A. had invested in 13,000 shares for $18,277 through a trade on 2018/05/14. Following this activity, the insider holds 1,489,930 shares worth $1,826,055 as of recent close. Wall Street’s most bullish JPMorgan Chase & Co. (NYSE:JPM) analysts are predicting the share price to blow past $140 per share during the next 12 months. The current median share price forecast by them is $118, suggesting that the stock could increase 18.11% in that time frame. The average price target of $117.48 calls for a nearly 17.59% increase in the stock price.
It had seen a negative analyst call from Jefferies, which downgraded the stock from Buy to Hold on January 08. Analysts at Barclays, maintained the company shares at Overweight on January 02 but switched target price from $135 to $140. The stock lost favor of Atlantic Equities analysts who expressed their lack of confidence in it using a downgrade from Overweight to Neutral on December 19. HSBC Securities, released new analyst coverage on April 11, calling the stock is Hold.
When looking at valuations, JPMorgan Chase & Co. (JPM) has a cheap P/E of 11.59x as compared to industry average of 18.6x. Moreover, it trades for 10.05 times the next 12 months of expected earnings. Also, it is trading at rather expensive levels at just over 1.46x price/book and 4.55x price/sales. Compared to others, JPMorgan Chase & Co. is in a different league with regards to profitability, having net margins of 37.9%. To put some perspective around this, the industry’s average net margin is 33.03%. JPM’s ROE is 12.1%, which is also considerably worse than the industry’s ROE of 16.94%.
Shares of JPMorgan Chase & Co. (JPM) have dropped -7.6% since the company’s Mar-19 earnings report. Over the past 12 fiscal quarters, JPMorgan Chase & Co. (NYSE:JPM) has topped consensus earnings estimates in 12 quarters (100%), missed earnings in 0 quarters (0%), whereas at 0 occasion EPS met analyst expectations. JPM last reported earnings on October 12, 2018 when it released Sep-18 results that exceeded expectations. The company raked in $2.34 per share, -38.26% change on the same period last year. That was better than consensus for $2.25. Revenue for the recent quarter stood at $27.82 billion, up 6% on last year and above the $27.5 billion predicted by analysts. For this quarter, Wall Street analysts forecast revenue in a range of $28.66 billion to $30.28 billion, which should be compared with $28.66 billion generated last year. EPS is seen in a range of $2.44 to $2.74, against the $2.04 reported a year ago.