Johnson & Johnson (JNJ) 20 Days SMA touches -0.76%: The odds favor the bear

On Friday, Johnson & Johnson (NYSE: JNJ) was -0.21% drop from the session before settling in for the closing price of $155.50. A 52-week range for JNJ has been $143.13 – $168.85.

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During the last 5-year period, the sales growth of Healthcare Sector giant was 1.31%. When this article was written, the company’s average yearly earnings per share was at 0.33%. With a float of $2.40 billion, this company’s outstanding shares have now reached $2.41 billion.

Let’s determine the extent of company efficiency that accounts for 131900 employees. In terms of profitability, gross margin is 69.05%, operating margin of 25.22%, and the pretax margin is 20.1%.

Johnson & Johnson (JNJ) Insider Activity

Also, it is sometimes useful to examine the sentiment of large-scale investors toward Johnson & Johnson stocks. The insider ownership of Johnson & Johnson is 0.12%, while institutional ownership is 72.74%. The most recent insider transaction that took place on Aug 30 ’24, was worth 930,113. In this transaction VP Corporate Controller of this company sold 5,635 shares at a rate of $165.06, taking the stock ownership to the 18,973 shares. Before that another transaction happened on Aug 30 ’24, when Company’s Officer proposed sale 5,635 for $165.06, making the entire transaction worth $930,113.

Johnson & Johnson (JNJ) Earnings and Forecasts

Going through the last 3-months fiscal report unveiled on the 9/30/2024, it has been observed that the corporation posted 2.29 earnings per share (EPS) during the time that was better than consensus figure (set at 2.28) by 0.01. Wall Street market experts anticipate that the next fiscal year will bring earnings of 2.66 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around 0.33% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 6.00% during the next five years compared to -0.27% drop over the previous five years of trading.

Johnson & Johnson (NYSE: JNJ) Trading Performance Indicators

You can see what Johnson & Johnson (JNJ) is doing with its current performance indicators. In the most recent quarter, the stock posted a quick ratio of 0.79. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 4.25. Likewise, its price to free cash flow for the trailing twelve months is 17.97.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 6.05, a number that is poised to hit 2.02 in the next quarter and is forecasted to reach 10.59 in one year’s time.

Technical Analysis of Johnson & Johnson (JNJ)

Looking closely at Johnson & Johnson (NYSE: JNJ), its last 5-days average volume was 8.64 million, which is a jump from its year-to-date volume of 7.05 million. As of the previous 9 days, the stock’s Stochastic %D was 57.78%. Additionally, its Average True Range was 2.48.

During the past 100 days, Johnson & Johnson’s (JNJ) raw stochastic average was set at 43.82%, which indicates a significant increase from 43.71% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 13.68% in the past 14 days, which was lower than the 15.89% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $160.20, while its 200-day Moving Average is $155.85. However, in the short run, Johnson & Johnson’s stock first resistance to watch stands at $156.82. Second resistance stands at $158.47. The third major resistance level sits at $159.83. If the price goes on to break the first support level at $153.82, it is likely to go to the next support level at $152.46. Should the price break the second support level, the third support level stands at $150.81.

Johnson & Johnson (NYSE: JNJ) Key Stats

There are 2,407,623K outstanding shares of the company, which has a market capitalization of 372.80 billion. As of now, sales total 85,159 M while income totals 35,153 M. Its latest quarter income was 22,471 M while its last quarter net income were 2,694 M.