Sumitomo Mitsui Financial Group Inc ADR (NYSE:SMFG) finished Wednesday with a subtraction of -$0.01 to close at $10.12, a downside of -0.10 percent. An average of 2,531,420 shares of common stock have been traded in the last five days. There was a fall of -$0.08 in the past week, and it reached a new high 34 times over the past 12 months. The last 20 days have seen an average of 1,542,930 shares traded, while the 50-day average volume stands at 1,488,772.
SMFG stock has increased by 11.70% in the last month. The company shares reached their 1-month lowest point of $8.95 on 08/29/23. With the stock rallying to its 52-week high on 09/22/23, shares of the company touched a low of $5.39 and a high of $10.58 in 52 weeks. It has reached a new high 16 times so far this year and achieved 26.18% or $2.10 in price. In spite of this, the price is down -4.35% from the 52-week high.
Valuation Metrics
Sumitomo Mitsui Financial Group Inc ADR (SMFG) has a trailing price-to-earnings (P/E) ratio of 11.88. The stock’s beta is 0.68. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.32, the price-to-book (PB) ratio at 0.73.
The company has a payout ratio of 32.62%. The company’s most recent quarterly dividend payment was $0.1655 a share, representing a up of 43.91% from $0.1150 last year. Its latest increase dividend $0.0505 reported on Wednesday January 22 2020.
Financial Health
Further, the company has a long term debt to equity ratio of 1.91 and a total debt to equity ratio of 4.05 for the quarter ending June 29. Its gross profit as reported stood at $12.99 billion compared to revenue of $27.35 billion.
Earnings Surprise
The analyst consensus anticipated Sumitomo Mitsui Financial Group Inc ADR’s latest quarter earnings to come in at $0.24 per share, but it turned out to be $0.27, a 12.50% surprise. At the end of the quarter ending June 29, Sumitomo Mitsui Financial Group Inc ADR’s stock balance sheet showed total debt was $53.93 trillion.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Sumitomo Mitsui Financial Group Inc ADR (SMFG) price momentum. RSI 9-day as of the close on 27 September was 61.68%, suggesting the stock is Neutral, with historical volatility in this time frame at 24.54%.
As of today, SMFG’s price is $10.20 -0.78% or -$0.08 from its 5-day moving average. SMFG is currently trading +11.70% higher than its 20-day SMA and +29.08% higher than its 100-day SMA. However, the stock’s current price level is +9.17% above the SMA50 and +49.48% above the SMA200.
The stochastic %K and %D were 63.76% and 70.64%, respectively, and the average true range (ATR) was 0.19. With the 14-day stochastic at 63.49% and the average true range at 0.18, the RSI (14) stands at 64.39%. The stock has reached -0.03 on the 9-day MACD Oscillator while the 14-day reading was at 0.06.
Analyst Ratings
Goldman downgraded Sumitomo Mitsui Financial Group Inc ADR (NYSE: SMFG) to a a Neutral rating in its most recent analyst report. Previously, the stock was rated as a Buy.
What is SMFG’s price target for the next 12 months?
Analysts predict a range of price targets between $9.49 and $12.83, with a median target of $10.67. Taking a look at these predictions, the average price target given by analysts for Sumitomo Mitsui Financial Group Inc ADR (SMFG) stock is $10.78.
