This Analyst Recently Issued Research Note On Mizuho Financial Group Inc. (MFG)

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As of Wednesday close, Mizuho Financial Group Inc.’s (NYSE:MFG) stock was up $0.01, moving up 0.43 percent to $2.35. The average number of shares traded per day over the past five days has been 797,960 shares. 4 times new highs have been achieved over the past 5 days, with a $0.09 gain in that time frame. In the last twenty days, the average volume was 1,854,920, while in the previous 50 days, it was 1,716,144.

Since last month, MFG stock rose 5.86%. Shares of the company fell to $2.10 on 11/03/22, the lowest level in the past month. A 52-week high of $2.94 was reached on 02/08/22 after having rallying from a 52-week low of $2.10. Since the beginning of this year, MFG’s stock price has dropped by -7.84% or -$0.20, and marked a new high 11 times. However, the stock has declined by -20.07% since its 52-week high.


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Valuation Metrics

Right now, Mizuho Financial Group Inc. (MFG) has a P/E ratio of about 7.23. The stock’s beta is 0.55. Besides these, the trailing price-to-sales (P/S) ratio of 3.10, the price-to-book (PB) ratio of 0.45, and the price-to-cash flow ratio of 1.68 may also be considered.

Financial Health

According to company report, the long-term debt-to-equity ratio for the quarter ending September 29 was 1.29, and the total debt-to-equity ratio was 1.29. In the year ended September 29, operating margins totaled 65.20%. Based on annual data, MFG earned $9.52 billion in gross profit and brought in $12.85 billion in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 3.10%. Return on equity (ROE) for the past 12 months was 6.40%.

In Mizuho Financial Group Inc.’s quarter-end financial report for September 29, it reported total debt of $106.21 billion. While analysts expected Mizuho Financial Group Inc. to report $0.08 quarterly earnings, the actual figure was $0.97 per share, beating the consensus estimate by 1,112.50%.

Technical Picture

This quick technical analysis looks at Mizuho Financial Group Inc.’s (MFG) price momentum. With a historical volatility rate of 23.41%, the RSI 9-day stood at 67.47% on 23 November.

With respect to its five-day moving average, the current Mizuho Financial Group Inc. price is up by +3.98% percent or $0.09. At present, MFG shares trade +4.91% above its 20-day simple moving average and +2.17% percent above its 100-day simple moving average. However, the stock is currently trading approximately +2.62% above its SMA50 and -18.97% below its SMA200.

Stochastic coefficient K was 90.48% and Stochastic coefficient D was 88.46%, while ATR was 0.06. Given the Stochastic reading of 95.45% for the 14-day period, the RSI (14) reading has been calculated as 62.35%. As of today, the MACD Oscillator reading stands at 0.04, while the 14-day reading stands at 0.06.

Analyst Ratings

Mizuho Financial Group Inc. downgraded its rating on Mizuho Financial Group Inc. (NYSE: MFG) to a Neutral in a note to investors on June 23, 2022. The analysts firm previously had a Buy rating on the stock.Mizuho Financial Group Inc. (MFG) has been rated Hold by analysts. According to 1 brokerage firm, MFG is a sell, and 5 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 2 analysts rate Mizuho Financial Group Inc. stock as buy, with 2 recommending it as overweight.

With a median target price of $2.59, the current consensus forecast for the stock is $2.30 – $4.02. Based on these forecasts, analysts predict Mizuho Financial Group Inc. (MFG) will achieve an average price target of $2.83.

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