Sumitomo Mitsui Financial Group Inc ADR (SMFG): A Technical Analysis

Sumitomo Mitsui Financial Group Inc ADR (NYSE: SMFG) has a higher price-to-earnings ratio of 11.37x compared to its average ratio. SMFG has 36-month beta value of 0.65. Analysts have mixed views 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 6.49B, and currently, short sellers hold a 0.08% ratio of that float. The average trading volume of SMFG on September 18, 2024 was 1.26M shares.

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SMFG) stock’s latest price update

Sumitomo Mitsui Financial Group Inc ADR (NYSE: SMFG)’s stock price has dropped by -3.48 in relation to previous closing price of 12.92. Nevertheless, the company has seen a loss of -1.50% in its stock price over the last five trading days. zacks.com reported 2024-09-16 that Sumitomo Mitsui (SMFG) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).

SMFG’s Market Performance

Sumitomo Mitsui Financial Group Inc ADR (SMFG) has experienced a -1.50% fall in stock performance for the past week, with a -8.85% drop in the past month, and a -1.27% drop in the past quarter. The volatility ratio for the week is 1.28%, and the volatility levels for the past 30 days are at 1.23% for SMFG. The simple moving average for the last 20 days is -5.39% for SMFG’s stock, with a simple moving average of 6.17% for the last 200 days.

SMFG Trading at -6.13% 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 -14.18% of loss for the given period.

Volatility was left at 1.23%, however, over the last 30 days, the volatility rate increased by 1.28%, as shares sank -10.09% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -9.57% lower at present.

During the last 5 trading sessions, SMFG fell by -1.50%, which changed the moving average for the period of 200-days by +26.47% in comparison to the 20-day moving average, which settled at $13.11. In addition, Sumitomo Mitsui Financial Group Inc ADR saw 28.82% 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:

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

The net margin for Sumitomo Mitsui Financial Group Inc ADR stands at 0.16. The total capital return value is set at 0.01. Equity return is now at value 7.84, with 0.38 for asset returns.

The debt to equity ratio resting at 4.0. The interest coverage ratio of the stock is 0.27.

Currently, EBITDA for the company is 287.33 billion with net debt to EBITDA at -21.41. When we switch over and look at the enterprise to sales, we see a ratio of -0.86. The receivables turnover for the company is 27.81for trailing twelve months and the total asset turnover is 0.02. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.25.

Conclusion

To put it simply, Sumitomo Mitsui Financial Group Inc ADR (SMFG) has had a mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others as a “hold”. 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.

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