With 2.88B Outstanding Shares, Can JPMorgan Chase & Co (NYSE: JPM) Deliver Big Short-Term Gains?

JPMorgan Chase & Co (NYSE:JPM) currently has a daily average trading volume of 8.85M but it saw 8928177 shares traded in last market. With a market cap of 677.88B USD, the company’s current market price of $240.78 came falling about -0.95 while comparing to the previous closing price of $243.09. In past 52 weeks, the stock remained buoying in the range of price level as high as $248.00 and as low as $151.92. In the recent trading on the day, stock has struck highest price mark of $238.64 while lowest mark touched by it was $244.61.

Taking a look at 20-day trading activity of JPMorgan Chase & Co (JPM) gives us an average price of $233.14, while its current price level is -2.91% below from 52-week high level whereas it is 58.49% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $221.46 while that of 200 days or SMA-200 reads an average of $204.33. A closer look into the stock’s movement over the week reveals that its volatility is standing at 1.91% during that period while stretching the period over a month that increases to 1.94%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 61.62 which implies that the stock is in neutral territory.

Robert W. Baird downgraded its recommendation for the stock as a “Underperform” from “Neutral” on November 07, 2024 while assigning a price target of $200. Morgan Stanley also issued its recommendations for the stock as it downgraded the price target for the stock in the range of between $220 and $224.

Over the week, JPM’s stock price is moving -0.16% down while it is 7.43% when we observe its performance for the past one month. Year-to-date it is 41.55% up and over the past year, the stock is showing an upside performance of 57.07%.

Currently, JPMorgan Chase & Co’s total number of outstanding shares is 2.88B. Company’s return on investment (ROI) stands at 6.59% and return on equity (ROE) at 16.12%. It has a price to earnings ratio (P/E ratio) of 13.39 while having a 14.33 of forward P/E ratio. Stock’s beta reads 1.10. Stock has a price to book (P/B) ratio of 2.09 while price to sale or P/S ratio amounts to 2.47. Its return on asset (ROA) is 1.32% on average.