Sumitomo Mitsui Financial Group Inc ADR (NYSE:SMFG) saw a downside of -2.51% to $10.09 after subtracting -$0.26 on Monday. The 5-day average trading volume is 2,156,624 shares of the company’s common stock. It has gained $10.58 in the past week and touched a new high 4 times within the past 5 days. An average of 1,428,011 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,451,506.
SMFG’s 1-month performance is 13.63% or $1.15 on its low of $8.95 reached on 08/29/23. The company’s shares have touched a 52-week low of $5.39 and high of $10.58, with the stock’s rally to the 52-week high happening on 09/22/23. YTD, SMFG has achieved 25.81% or $2.05 and has reached a new high 16 times. However, the current price is down -4.63% from the 52-week high price.
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Valuation Metrics
SMFG stock has a beta of 0.68. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 1.32 while the price-to-book (PB) in the most recent quarter is 0.73.
As well, the company’s long term debt to equity for the quarter ending June 29 was 1.91, while the total debt to equity was 4.05. 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 ADR (SMFG) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 22 September was 59.70% to suggest the stock is trending Neutral, with historical volatility in this time period at 26.93%.
The stock’s 5-day moving average is $10.23, reflecting a +1.15% or $0.11 change from its current price. SMFG is currently trading +12.95% above its 20-day SMA, +24.85% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +11.70% and SMA200 by+49.93%.
Stochastic %K and %D was 77.04% and 85.73% and the average true range (ATR) pointed at 0.21. The RSI (14) points at 62.95%, while the 14-day stochastic is at 59.92% with the period’s ATR at 0.19. The stock’s 9-day MACD Oscillator is pointing at 0.09 and 0.27 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Sumitomo Mitsui Financial Group Inc ADR (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 4 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 3 rates the stock as overweight while 8 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 $9.49 and a high of $12.28, with their median price target at $10.67. Looking at these predictions, the average price target given by analysts is for Sumitomo Mitsui Financial Group Inc ADR (SMFG) stock is $10.64.
