Sumitomo Mitsui Financial Group Inc. (NYSE:SMFG) saw a downside of -2.45% to $8.97 after subtracting -$0.22 on Tuesday. The 5-day average trading volume is 1,202,641 shares of the company’s common stock. It has gained $9.26 in the past week and touched a new high 2 times within the past 5 days. An average of 1,632,875 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,760,258.
SMFG’s 1-month performance is 3.64% or $0.20 on its low of $8.61 reached on 07/10/23. The company’s shares have touched a 52-week low of $5.39 and high of $9.58, with the stock’s rally to the 52-week high happening on 07/28/23. YTD, SMFG has achieved 11.78% or $0.94 and has reached a new high 8 times. However, the current price is down -6.42% from the 52-week high price.
Valuation Metrics
SMFG stock has a beta of 0.73. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 1.85 while the price-to-book (PB) in the most recent quarter is 0.64.
The firm’s gross profit as reported stood at $12.99 billion against revenue of $27.35 billion.
Earnings Surprise
For the quarterly period ending June 29 this year, Analysts expected SMFG to announce $0.24 per share in earnings in its latest quarter, but it posted $0.27, representing a 12.50% surprise.
Let’s look briefly at Sumitomo Mitsui Financial Group Inc. (SMFG) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 07 August was 46.52% to suggest the stock is trending Neutral, with historical volatility in this time period at 31.69%.
The stock’s 5-day moving average is $9.05, reflecting a -1.16% or -$0.10 change from its current price. SMFG is currently trading +2.93% above its 20-day SMA, +16.58% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +12.91% and SMA200 by+65.10%.
Stochastic %K and %D was 34.03% and 30.17% and the average true range (ATR) pointed at 0.19. The RSI (14) points at 50.41%, while the 14-day stochastic is at 14.58% with the period’s ATR at 0.18. The stock’s 9-day MACD Oscillator is pointing at -0.03 and 0.02 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Sumitomo Mitsui Financial Group Inc. (NYSE: SMFG), Goldman downgraded it to a Neutral rating. They previously had a Buy rating on the stock. Analysts offering their rating for SMFG stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate SMFG as a “sell,”, while 6 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 SMFG’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $8.38 and a high of $12.28, with their median price target at $10.17. Looking at these predictions, the average price target given by analysts is for Sumitomo Mitsui Financial Group Inc. (SMFG) stock is $10.08.
