Sumitomo Mitsui Financial Group Inc ADR [NYSE: SMFG] slipped around -1.02 points on Thursday, while shares priced at $12.46 at the close of the session, down -7.57%.
Compared to the average trading volume of 1.55M shares, SMFG reached a trading volume of 3980804 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about Sumitomo Mitsui Financial Group Inc ADR [SMFG]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for SMFG shares is $14.87 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on SMFG stock is a recommendation set at 1.67. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Goldman have made an estimate for Sumitomo Mitsui Financial Group Inc ADR shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on July 20, 2023. While these analysts kept the previous recommendation, Nomura raised their target price to Buy. The new note on the price target was released on November 01, 2022, representing the official price target for Sumitomo Mitsui Financial Group Inc ADR stock.
The Average True Range (ATR) for Sumitomo Mitsui Financial Group Inc ADR is set at 0.71, with the Price to Sales ratio for SMFG stock in the period of the last 12 months amounting to 1.25. The Price to Book ratio for the last quarter was 0.84.
How has SMFG stock performed recently?
Sumitomo Mitsui Financial Group Inc ADR [SMFG] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -8.11. With this latest performance, SMFG shares dropped by -18.51% in over the last four-week period, additionally sinking by -1.27% over the last 6 months – not to mention a rise of 7.14% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for SMFG stock in for the last two-week period is set at 31.70, with the RSI for the last a single of trading hit 30.01, and the three-weeks RSI is set at 34.17 for Sumitomo Mitsui Financial Group Inc ADR [SMFG]. The present Moving Average for the last 50 days of trading for this stock 15.10, while it was recorded at 12.56 for the last single week of trading, and 13.98 for the last 200 days.
Sumitomo Mitsui Financial Group Inc ADR [SMFG]: Deeper insight into the fundamentals
Sumitomo Mitsui Financial Group Inc ADR’s liquidity data is similarly interesting compelling, with a Current Ratio set at 2.39.
Earnings analysis for Sumitomo Mitsui Financial Group Inc ADR [SMFG]
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for SMFG. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Sumitomo Mitsui Financial Group Inc ADR go to 18.30%.
Insider trade positions for Sumitomo Mitsui Financial Group Inc ADR [SMFG]
There are presently around $1.61%, or 1.61%% of SMFG stock, in the hands of institutional investors. The top three institutional holders of SMFG stocks are: GOLDMAN SACHS GROUP INC with ownership of 11.32 million shares, which is approximately 0.8521%. MORGAN STANLEY, holding 13.47 million shares of the stock with an approximate value of $$180.6 million in SMFG stocks shares; and MORGAN STANLEY, currently with $$55.57 million in SMFG stock with ownership which is approximately 0.3118%.
