JPMorgan Chase & Co. [JPM] Stock trading around $192.00 per share: What’s Next?

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JPMorgan Chase & Co. [NYSE: JPM] stock went on an upward path that rose over 0.78% on Monday, amounting to a one-week price decrease of less than -0.66%.

Over the last 12 months, JPM stock rose by 43.16%. The one-year JPMorgan Chase & Co. stock forecast points to a potential upside of 8.87. The average equity rating for JPM stock is currently 1.71, trading closer to a bullish pattern in the stock market.

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The market cap for the stock reached $551.36 billion, with 2.88 billion shares outstanding and 2.86 billion shares in the current float. Compared to the average trading volume of 8.74M shares, JPM stock reached a trading volume of 7907794 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Guru’s Opinion on JPMorgan Chase & Co. [JPM]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for JPM shares is $210.69 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on JPM stock is a recommendation set at 1.71. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Deutsche Bank have made an estimate for JPMorgan Chase & Co. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on January 09, 2024. The new note on the price target was released on December 18, 2023, representing the official price target for JPMorgan Chase & Co. stock. Previously, the target price had yet another raise to $140, while Odeon analysts kept a Hold rating on JPM stock.

The Average True Range (ATR) for JPMorgan Chase & Co. is set at 3.36, with the Price to Sales ratio for JPM stock in the period of the last 12 months amounting to 2.18. The Price to Book ratio for the last quarter was 1.80. Price to Free Cash Flow for JPM in the course of the last twelve months was 3.92.

JPM Stock Performance Analysis:

JPMorgan Chase & Co. [JPM] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -0.66. With this latest performance, JPM shares dropped by -2.76% in over the last four-week period, additionally plugging by 35.77% over the last 6 months – not to mention a rise of 43.16% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for JPM stock in for the last two-week period is set at 52.75, with the RSI for the last a single of trading hit 53.89, and the three-weeks RSI is set at 53.38 for JPMorgan Chase & Co. [JPM]. The present Moving Average for the last 50 days of trading for this stock 191.24, while it was recorded at 191.55 for the last single week of trading, and 165.22 for the last 200 days.

Insight into JPMorgan Chase & Co. Fundamentals:

JPMorgan Chase & Co.’s liquidity data is similarly interesting compelling, with a Current Ratio set at 1.53.

JPM Stock EPS

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for JPM. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for JPMorgan Chase & Co. go to 1.20%.

JPMorgan Chase & Co. [JPM] Institutonal Ownership Details

The top three institutional holders of JPM stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.4983%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $200.69 billion in JPM stocks shares; and BERKSHIRE HATHAWAY INC, currently with $174.35 billion in JPM stock with ownership which is approximately 5.8386%.

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