As of Wednesday close, Mitsubishi UFJ Financial Group Inc.’s (NYSE:MUFG) stock was up $0.02, moving up 0.25 percent to $7.93. The average number of shares traded per day over the past five days has been 1,593,180 shares. 5 times new highs have been achieved over the past 5 days, with a $0.22 gain in that time frame. In the last twenty days, the average volume was 2,178,240, while in the previous 50 days, it was 2,684,824.
Since last month, MUFG stock retreated -0.13%. Shares of the company fell to $7.38 on 08/16/23, the lowest level in the past month. A 52-week high of $8.19 was reached on 07/28/23 after having rallying from a 52-week low of $4.31. Since the beginning of this year, MUFG’s stock price has risen by 18.89% or $1.26, and marked a new high 8 times. However, the stock has declined by -3.17% since its 52-week high.
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Valuation Metrics
Right now, Mitsubishi UFJ Financial Group Inc. (MUFG) has a P/E ratio of about 8.95. The stock’s beta is 0.72. Besides these, the trailing price-to-sales (P/S) ratio of 2.58, the price-to-book (PB) ratio of 0.77.
Financial Health
According to company report, the long-term debt-to-equity ratio for the quarter ending March 30 was 2.28, and the total debt-to-equity ratio was 2.28. In the year ended March 30, operating margins totaled 34.60%. Based on annual data, MUFG earned $21.65 billion in gross profit and brought in $39.21 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 1.60%. Return on equity (ROE) for the past 12 months was 9.10%.
While analysts expected Mitsubishi UFJ Financial Group Inc. to report $0.55 quarterly earnings, the actual figure was $0.48 per share, beating the consensus estimate by -12.70%.
Technical Picture
This quick technical analysis looks at Mitsubishi UFJ Financial Group Inc.’s (MUFG) price momentum. With a historical volatility rate of 8.24%, the RSI 9-day stood at 67.21% on 30 August.
With respect to its five-day moving average, the current Mitsubishi UFJ Financial Group Inc. price is up by +2.85% percent or $0.22. At present, MUFG shares trade +1.80% above its 20-day simple moving average and +23.52% percent above its 100-day simple moving average. However, the stock is currently trading approximately +15.43% above its SMA50 and +57.65% above its SMA200.
Stochastic coefficient K was 95.19% and Stochastic coefficient D was 88.49%, while ATR was 0.13. Given the Stochastic reading of 90.91% for the 14-day period, the RSI (14) reading has been calculated as 61.32%. As of today, the MACD Oscillator reading stands at 0.19, while the 14-day reading stands at 0.25.
Analyst Ratings
BofA Securities upgraded its rating on Mitsubishi UFJ Financial Group Inc. (NYSE: MUFG) to a Buy in a note to investors on January 27, 2022. The analysts firm previously had a Neutral rating on the stock.Mitsubishi UFJ Financial Group Inc. (MUFG) has been rated Overweight by analysts. According to 0 brokerage firms, MUFG is a sell, and 4 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 3 analysts rate Mitsubishi UFJ Financial Group Inc. stock as buy, with 8 recommending it as overweight.
With a median target price of $9.00, the current consensus forecast for the stock is $5.93 – $9.49. Based on these forecasts, analysts predict Mitsubishi UFJ Financial Group Inc. (MUFG) will achieve an average price target of $8.58.
