Sumitomo Mitsui Financial Group Inc ADR (SMFG) Shares Soar Above 1-Year High

The stock of Sumitomo Mitsui Financial Group Inc ADR (NYSE: SMFG) has increased by 4.28 when compared to last closing price of 11.81. Despite this, the company has experienced a 7.65% gain in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-03-12 that LI, SMFG and KFY made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on March 12, 2024.

Is It Worth Investing in Sumitomo Mitsui Financial Group Inc ADR (NYSE: SMFG) Right Now?

The price-to-earnings ratio for Sumitomo Mitsui Financial Group Inc ADR (NYSE: SMFG) is above average at 14.09x, Company’s 36-month beta value is 0.63.Analysts have differing opinions on the stock, with 0 analysts rating it as a “buy,” 1 as “overweight,” 0 as “hold,” and 0 as “sell.”

The public float for SMFG is 6.51B, and currently, short sellers hold a 0.05% ratio of that floaft. The average trading volume of SMFG on May 15, 2024 was 1.13M shares.

SMFG’s Market Performance

The stock of Sumitomo Mitsui Financial Group Inc ADR (SMFG) has seen a 7.65% increase in the past week, with a 10.25% rise in the past month, and a 19.33% gain in the past quarter. The volatility ratio for the week is 0.80%, and the volatility levels for the past 30 days are at 0.81% for SMFG. The simple moving average for the last 20 days is 7.89% for SMFG stock, with a simple moving average of 20.51% for the last 200 days.

SMFG Trading at 6.45% 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 -1.12% of loss for the given period.

Volatility was left at 0.81%, however, over the last 30 days, the volatility rate increased by 0.80%, as shares surge +11.04% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +7.45% upper at present.

During the last 5 trading sessions, SMFG rose by +7.74%, which changed the moving average for the period of 200-days by +32.24% in comparison to the 20-day moving average, which settled at $11.48. In addition, Sumitomo Mitsui Financial Group Inc ADR saw 27.22% in overturn over a single year, with a tendency to cut further gains.

Stock Fundamentals for SMFG

Current profitability levels for the company are sitting at:

  • 0.48 for the present operating margin
  • 1.0 for the gross margin

The net margin for Sumitomo Mitsui Financial Group Inc ADR stands at 0.21. The total capital return value is set at 0.01. Equity return is now at value 6.09, with 0.29 for asset returns.

The debt to equity ratio resting at 2.39. The interest coverage ratio of the stock is 0.49.

Currently, EBITDA for the company is 3.42 trillion with net debt to EBITDA at -22.34. When we switch over and look at the enterprise to sales, we see a ratio of -7.71. The receivables turnover for the company is 15.45for trailing twelve months and the total asset turnover is 0.01. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.54.

Conclusion

In a nutshell, Sumitomo Mitsui Financial Group Inc ADR (SMFG) has experienced a better performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.

Most Popular

Related Posts