JPMorgan Chase & Co. (JPM) average volume reaches $9.23M: Is Wall Street expecting a rally?

A new trading day began on November 20, 2023, with JPMorgan Chase & Co. (NYSE: JPM) stock priced at $152.08, up 0.31% from the previous day of trading. During the day, the shares moved up to $153.75 and dropped to $151.92 before settling in for the closing price of $152.82. JPM’s price has ranged from $123.11 to $159.38 over the past 52 weeks.

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During the last 5-year period, the sales growth of Financial Sector giant was 7.15%. Meanwhile, its annual earnings per share averaged 38.11%. With a float of $2.86 billion, this company’s outstanding shares have now reached $2.93 billion.

Let’s determine the extent of company efficiency that accounts for 293723 employees.

JPMorgan Chase & Co. (JPM) Insider Activity

As we move forward, let’s examine how large-scale investors are investing in this stock of the Banks – Diversified Industry. The insider ownership of JPMorgan Chase & Co. is 0.97%, while institutional ownership is 72.03%. The most recent insider transaction that took place on Sep 06, was worth 624,335. In this transaction General Counsel of this company sold 4,310 shares at a rate of $144.86, taking the stock ownership to the 53,425 shares. Before that another transaction happened on Aug 07, when Company’s General Counsel sold 4,310 for $157.16, making the entire transaction worth $677,343. This insider now owns 57,735 shares in total.

JPMorgan Chase & Co. (JPM) Earnings and Forecasts

In its latest quarterly report, released on 9/29/2023, the company reported earnings of $3.97 per share, which was $0.1 higher than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). Wall Street market experts anticipate that the next fiscal year will bring earnings of 3.76 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around 38.11% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 3.00% during the next five years compared to 13.88% growth over the previous five years of trading.

JPMorgan Chase & Co. (NYSE: JPM) Trading Performance Indicators

Here are JPMorgan Chase & Co.’s current performance indicators. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.95. Likewise, its price to free cash flow for the trailing twelve months is 3.78.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 16.75, a number that is poised to hit 3.63 in the next quarter and is forecasted to reach 15.40 in one year’s time.

Technical Analysis of JPMorgan Chase & Co. (JPM)

Looking closely at JPMorgan Chase & Co. (NYSE: JPM), its last 5-days average volume was 8.25 million, which is a drop from its year-to-date volume of 11.01 million. As of the previous 9 days, the stock’s Stochastic %D was 98.07%. Additionally, its Average True Range was 2.15.

During the past 100 days, JPMorgan Chase & Co.’s (JPM) raw stochastic average was set at 74.82%, which indicates a significant decrease from 96.99% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 10.39% in the past 14 days, which was lower than the 16.13% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $145.23, while its 200-day Moving Average is $142.42. However, in the short run, JPMorgan Chase & Co.’s stock first resistance to watch stands at $154.05. Second resistance stands at $154.82. The third major resistance level sits at $155.88. If the price goes on to break the first support level at $152.22, it is likely to go to the next support level at $151.16. Should the price break the second support level, the third support level stands at $150.39.

JPMorgan Chase & Co. (NYSE: JPM) Key Stats

With a market capitalization of 443.16 billion, the company has a total of 2,891,008K Shares Outstanding. Currently, annual sales are 154,792 M while annual income is 37,676 M. The company’s previous quarter sales were 61,704 M while its latest quarter income was 13,151 M.


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