The stock of Sumitomo Mitsui Financial Group Inc. (SMFG) has gone down by -4.68% for the week, with a -3.87% drop in the past month and a -7.78% drop in the past quarter. The volatility ratio for the week is 1.08%, and the volatility levels for the past 30 days are 1.45% for SMFG. The simple moving average for the last 20 days is -3.73% for SMFG stock, with a simple moving average of 8.74% for the last 200 days.
Is It Worth Investing in Sumitomo Mitsui Financial Group Inc. (NYSE: SMFG) Right Now?
The price-to-earnings ratio for Sumitomo Mitsui Financial Group Inc. (NYSE: SMFG) is 9.35x, which is above its average ratio. Moreover, the 36-month beta value for SMFG is 0.71.
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The average price recommended by analysts for Sumitomo Mitsui Financial Group Inc. (SMFG) is $9.69, which is $1.34 above the current market price. The public float for SMFG is 6.53B and currently, short sellers hold a 0.05% of that float. On May 26, 2023, SMFG’s average trading volume was 3.38M shares.
SMFG) stock’s latest price update
The stock price of Sumitomo Mitsui Financial Group Inc. (NYSE: SMFG) has plunged by -1.12 when compared to previous closing price of 8.03, but the company has seen a -4.68% decline in its stock price over the last five trading sessions.
SMFG Trading at -2.66% from the 50-Day Moving Average
After a stumble in the market that brought SMFG to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -13.49% of loss for the given period.
Volatility was left at 1.45%, however, over the last 30 days, the volatility rate increased by 1.08%, as shares sank -6.37% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +3.25% upper at present.
During the last 5 trading sessions, SMFG fell by -4.68%, which changed the moving average for the period of 200-days by +31.24% in comparison to the 20-day moving average, which settled at $8.22. In addition, Sumitomo Mitsui Financial Group Inc. saw -1.00% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for SMFG
Current profitability levels for the company are sitting at:
- +19.73 for the present operating margin
The net margin for Sumitomo Mitsui Financial Group Inc. stands at +13.83. Equity return is now at value 6.40, with 0.30 for asset returns.
The liquidity ratio also appears to be rather interesting for investors as it stands at 2.66.
Conclusion
To wrap up, the performance of Sumitomo Mitsui Financial Group Inc. (SMFG) has been bad in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
