As of Friday close, Mitsubishi UFJ Financial Group Inc.’s (NYSE:MUFG) stock was up $0.08, moving up 0.91 percent to $8.90. The average number of shares traded per day over the past five days has been 3,382,940 shares. 3 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 2,641,385, while in the previous 50 days, it was 2,810,378.
Since last month, MUFG stock rose 15.43%. Shares of the company fell to $7.66 on 08/23/23, the lowest level in the past month. A 52-week high of $9.04 was reached on 09/14/23 after having rallying from a 52-week low of $4.31. Since the beginning of this year, MUFG’s stock price has risen by 33.43% or $2.23, and marked a new high 14 times. However, the stock has declined by -1.55% since its 52-week high.
Valuation Metrics
Right now, Mitsubishi UFJ Financial Group Inc. (MUFG) has a P/E ratio of about 10.15. The stock’s beta is 0.69. Besides these, the trailing price-to-sales (P/S) ratio of 2.98, the price-to-book (PB) ratio of 0.87.
Financial Health
According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 2.28, and the total debt-to-equity ratio was 2.28. In the year ended June 29, 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 $0.19 quarterly earnings, the actual figure was $0.34 per share, beating the consensus estimate by 78.90%.
Technical Picture
This quick technical analysis looks at Mitsubishi UFJ Financial Group Inc.’s (MUFG) price momentum. With a historical volatility rate of 29.69%, the RSI 9-day stood at 67.66% on 22 September.
With respect to its five-day moving average, the current Mitsubishi UFJ Financial Group Inc. price is up by +2.53% percent or $0.22. At present, MUFG shares trade +14.99% above its 20-day simple moving average and +41.49% percent above its 100-day simple moving average. However, the stock is currently trading approximately +15.89% above its SMA50 and +65.43% above its SMA200.
Stochastic coefficient K was 78.53% and Stochastic coefficient D was 78.68%, while ATR was 0.18. Given the Stochastic reading of 84.44% for the 14-day period, the RSI (14) reading has been calculated as 67.65%. As of today, the MACD Oscillator reading stands at 0.01, while the 14-day reading stands at 0.19.
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 4 analysts rate Mitsubishi UFJ Financial Group Inc. stock as buy, with 8 recommending it as overweight.
With a median target price of $9.07, the current consensus forecast for the stock is $7.79 – $10.15. Based on these forecasts, analysts predict Mitsubishi UFJ Financial Group Inc. (MUFG) will achieve an average price target of $8.96.
