Mitsubishi UFJ Financial Group Inc. (NYSE:MUFG) saw a downside of -0.96% to close Monday at $7.25 after subtracting -$0.07 on the day. The 5-day average trading volume is 7,268,960 shares of the company’s common stock. It has gained $7.45 in the past week and touched a new high 1 time within the past 5 days. An average of 6,548,360 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 4,640,520.
MUFG’s 1-month performance is 15.45% or $0.62 on its low of $6.54 reached on 12/29/22. The company’s shares have touched a 52-week low of $4.31 and high of $7.71, with the stock’s rally to the 52-week high happening on 01/13/23. YTD, MUFG has achieved 8.70% or $0.58 and has reached a new high 4 times. However, the current price is down -5.97% from the 52-week high price.
MUFG stock has a beta of 0.71. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 3.19 while the price-to-book (PB) in the most recent quarter is 0.69.
The firm’s gross profit as reported stood at $18.19 billion against revenue of $23.03 billion.
Let’s look briefly at Mitsubishi UFJ Financial Group Inc. (MUFG) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 23 January was 59.90% to suggest the stock is trending Neutral, with historical volatility in this time period at 49.82%.
The stock’s 5-day moving average is $7.32, reflecting a -5.84% or -$0.45 change from its current price. MUFG is currently trading +11.71% above its 20-day SMA, +38.36% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +48.87% and SMA200 by+18.66%.
Stochastic %K and %D was 59.91% and 64.37% and the average true range (ATR) pointed at 0.20. The RSI (14) points at 63.82%, while the 14-day stochastic is at 55.34% with the period’s ATR at 0.19. The stock’s 9-day MACD Oscillator is pointing at 0.02 and 0.13 on the 14-day charts.
In the most recent analyst report for Mitsubishi UFJ Financial Group Inc. (NYSE: MUFG), BofA Securities upgraded it to a Buy rating. They previously had a Neutral rating on the stock. Analysts offering their rating for MUFG stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate MUFG as a “sell,”, while 4 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 1 rates the stock as overweight while 7 have offered a “buy” rating.
What is MUFG’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $5.03 and a high of $8.59, with their median price target at $7.47. Looking at these predictions, the average price target given by analysts is for Mitsubishi UFJ Financial Group Inc. (MUFG) stock is $7.18.