JPMorgan Chase & Co. (JPM): Important Takeaways

On the technicals front, JPMorgan Chase & Co. (NYSE:JPM) overall has 100% Sell rating. The stock is also flashing a Sell from the Barchart TrendSpotter trading system. Traders hoping to speculate on the JPM’s short-term trajectory should know that short terms indicators for the stock averaged 100% Sell with an average daily trading volume over the past 20 days at 14842689 shares. JPM stock has overall a 1% Sell signal considering medium term indicators and the 50-day average daily volume remained almost 16523857 shares. It’s also worth noting that the stock, whose average daily volume over the 100 days prior to this writing was 14089077 shares, is 100% Sell on the basis of long term indicators.

The share price is currently staying around the first support level of $103.59. Below this, the next support is placed in the zone of $102. Till the time, the JPM stock trades above this level, bulls have nothing to fear. On momentum oscillators front, ‘RSI’ has touched 38.71 on daily chart, which may remain a cause for comfort. If the price breaks below $102 level on closing basis, then we may see more profit booking and the stock may show further weakness. On the flipside, hitting the $106.07 mark may result into a pull-back move towards $106.96 level.

JPMorgan Chase & Co. (JPM) is projected to climb by 15.81 percent over the next 12 months, according to price target estimates compiled by finviz. Meanwhile, they have set a $138-month high price target. This represents a whopping 31.19 percent increase from where shares are trading today. The 12-month median price target assigned by the analysts stands at $124, which represents a return potential of 17.88 percent when compared to the closing price of the stock of $105.19 on Thursday, December 06. The lowest price target for the stock is $104 — slightly more than -1.13 percent from JPM’s current share price.

Here’s a rundown of insider trading activity for sense of JPMorgan Chase & Co. (NYSE:JPM). The earliest insider trade took place on 10/19/2018. Hobson Mellody L gathered a total of 1.15 thousand shares of company at average share price of $108.94. The total for the purchase was set at $125.28 thousand. After this transaction, the Director account balance stood at 59.99 thousand shares. The stock lost -1.57 percent since that insider purchase. On 07/23/2018, Smith Gordon, Co-President & COO, CEO CCB, sold 30.73 thousand shares at a price per share of $114.01. This removed 3.5 million shares from the insider’s fortune and the stock saw a -5.95 percent retreat in value since the news became public. This transaction left 325.56 thousand shares in the Co-President & COO, CEO CCB account. On 05/14/2018, Director Combs Todd A. performed a purchase transaction worth $1.49 million. This purchase at $114.61 each has added 13 thousand shares into the insider’s portfolio position. Meanwhile, shares have recorded -6.44 percent decrease since the transaction was reported. The insider now is left with 18.28 thousand shares remaining in the account. Hobson Mellody L, who performs the Director job, bought 18 thousand shares for $2 million. The acquisition occurred on 04/16/2018 was priced at $111.05 per share. The share price plunged -3.44 percent since the reporting date. Hobson Mellody L now left with a stake of 28.86 thousand JPM stock worth $3.04 million after the insider buying.

JPM shares dropped -2.04 points or -1.9 percent on Thursday to $105.19 with a heavy trade volume of 27.063 million shares. After opening the session at $105.01, the shares went as high as $105.36 and as low as $102.88, the range within which the stock’s price traded throughout the day. The firm is left with a market cap of $355 billion and now has 3.38 billion shares outstanding. JPMorgan Chase & Co. (JPM) stock has lost -3.58 percent of market value in 21 trading days.

Analysts at HSBC Securities, assumed coverage of JPMorgan Chase & Co. (NYSE:JPM) with Hold recommendation, according to their opinion released on April 11. Morgan Stanley analysts again handed out a Overweight rating to JPM stock but they lifted target price for the shares in a flash note to investors on February 21. The price target has been raised from $133 to $136. Morgan Stanley, analysts launched coverage of JPM stock with a Overweight rating, according to their flash note to investors on February 21. Analysts at Keefe Bruyette issued an upgrade from Mkt Perform to Outperform for the stock, in a research note that dated back to February 13.

JPM stock has a trailing 3-year beta of 1.11, offering the possibility of a higher rate of return, but also posing more risk. The portion of a company’s profit allocated to each outstanding share of common stock was $8.62 a share in the trailing twelve months. The stock’s value has fallen -1.64 percent year to date (YTD) against a decline of -0.5 percent in 12 month’s time. The company’s shares still trade -11.85 percent away from its 1-year high of $119.33 and 2.93 percent up from 52-week low of $102.20. The average consensus rating on the company is 2.2, on a scale where 5 equates to a unanimous sell rating. In short, the mean analyst recommendations are calling this stock a sell.

Shares of JPMorgan Chase & Co. (JPM) are trading at a P/E ratio of 12.73 times earnings reported for the past 12 months. The industry JPM operates in has an average P/E of 18.6. Its P/E ratio went as low as 11X and as high as 15.63 over the 5-year span. Further, it is sporting a 4.84 on the Price-to-Sales ratio. Compare this with the industry average P/S of 7.82. 0 percent is the gross profit margin for JPMorgan Chase & Co. and operating margin sits at 66.9 percent. Along with this, the net profit margin is 37.9 percent.

JPM will be declaring its Q4 financial results on January 15. Analysts are forecasting revenue to climb 7.7 percent to $27.4B in the next fiscal quarter, while earnings are seen soaring by nearly 28.98 percent to $2.27 per share. History has shown that shares in JPMorgan Chase & Co. have gone down on 20 different earnings reaction days and are predicted to add 0.01 percent when the company reports upcoming earnings. In last reported earnings results, it earned $2.34 per share, better than the $2.25, adjusted, expected by Thomson Reuters consensus estimate. Revenue was $27.8B, better than the $27.5B analysts expected. Earnings are estimated to increase by 10.5 percent this year, 8.63 percent next year and continue to increase by 9.68 percent annually for the next 5 years.