Can Johnson & Johnson (JNJ) stock recover despite sales dropping?

In yesterday’s Wall Street session, Johnson & Johnson (NYSE:JNJ) shares traded at $145.65, down -0.21% from the previous session.

JNJ stock price is now -1.82% away from the 50-day moving average and -5.84% away from the 200-day moving average. The market capitalization of the company currently stands at $350.53B.

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On April 18, 2024, HSBC Securities Upgraded its previous ‘Hold’ rating to ‘Buy’ on the stock keeping its target price maintained at $170, while ‘Wells Fargo’ rates the stock as ‘Equal Weight’

In other news, Broadhurst Vanessa, EVP, Global Corp Affairs sold 8,891 shares of the company’s stock on Mar 13 ’24. The stock was sold for $1,441,765 at an average price of $162.16. Upon completion of the transaction, the EVP, Global Corp Affairs now directly owns 15,043 shares in the company, valued at $2.19 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 16 ’24, 10% Owner JOHNSON & JOHNSON sold 3,725 shares of the business’s stock. A total of $96,142 was realized by selling the stock at an average price of $25.81. This leaves the insider owning 4,099,575 shares of the company worth $597.1 million. A total of 0.16% of the company’s stock is owned by insiders.

During the past 12 months, Johnson & Johnson has had a low of $143.13 and a high of $175.97. As of last week, the company has a debt-to-equity ratio of 0.48, a current ratio of 1.17, and a quick ratio of 0.94. According to the stock market information, the enterprise value for the company is $357946818560, which is based on a 20.98 price-to-earnings ratio, a 4.03 price-to-earnings-growth ratio, and a beta of 0.52. The fifty day moving average price for JNJ is $148.2352 and a two-hundred day moving average price translates $154.60825 for the stock.

The latest earnings results from Johnson & Johnson (NYSE: JNJ) was released for 2024-03-31. The net profit margin was 19.51% and return on equity was 23.91% for JNJ. The company reported revenue of $21.38 billion for the quarter, compared to $20.89 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 2.34 percent.

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