Mizuho Financial Group Inc. ADR (NYSE:MFG) saw an upside of 0.83% to close Friday at $3.65 after adding $0.03 on the day. The 5-day average trading volume is 455,460 shares of the company’s common stock. It has gained $3.70 in the past week and touched a new high 3 times within the past 5 days. An average of 480,235 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 562,850.
MFG’s 1-month performance is 13.35% or $0.48 on its low of $3.18 reached on 08/23/23. The company’s shares have touched a 52-week low of $2.10 and high of $3.66, with the stock’s rally to the 52-week high happening on 09/22/23. YTD, MFG has achieved 28.52% or $0.81 and has reached a new high 16 times. However, the current price is down -0.27% from the 52-week high price.
Insider Transactions
MFG stock investors last saw insider trading activity on Nov 25.MIZUHO SECURITIES USA LLC (10% Owner) most recently sold 64,745 shares at $10.06 per share on Nov 25. This transaction cost the insider $651,335.
Valuation Metrics
MFG stock has a beta of 0.49. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 1.06 while the price-to-book (PB) in the most recent quarter is 0.70.
As well, the company’s long term debt to equity for the quarter ending June 29 was 1.79, while the total debt to equity was 5.25. The firm’s gross profit as reported stood at $8.94 billion against revenue of $25.08 billion.
Earnings Surprise
For the quarterly period ending June 29 this year, Analysts expected MFG to announce $0.09 per share in earnings in its latest quarter, but it posted $0.14, representing a 55.60% surprise.
Let’s look briefly at Mizuho Financial Group Inc. ADR (MFG) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 22 September was 70.22% to suggest the stock is trending Overbought, with historical volatility in this time period at 19.84%.
The stock’s 5-day moving average is $3.62, reflecting a +2.24% or $0.08 change from its current price. MFG is currently trading +13.71% above its 20-day SMA, +24.57% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +11.96% and SMA200 by+53.36%.
Stochastic %K and %D was 85.16% and 87.27% and the average true range (ATR) pointed at 0.06. The RSI (14) points at 68.99%, while the 14-day stochastic is at 86.11% with the period’s ATR at 0.06. The stock’s 9-day MACD Oscillator is pointing at 0.02 and 0.09 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Mizuho Financial Group Inc. ADR (NYSE: MFG), Goldman upgraded it to a Buy rating. They previously had a Neutral rating on the stock. Analysts offering their rating for MFG stock have a consensus rating for the stock as Overweight. Currently, 1 brokerage advisors rate MFG as a “sell,”, while 7 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 2 rates the stock as overweight while 5 have offered a “buy” rating.
What is MFG’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $3.25 and a high of $5.03, with their median price target at $3.76. Looking at these predictions, the average price target given by analysts is for Mizuho Financial Group Inc. ADR (MFG) stock is $3.84.
