Mitsubishi UFJ Financial Group, Inc. ADR (NYSE:MUFG) shares, rose in value, with the stock price up by 0.20% to the previous day’s close as strong demand from buyers drove the stock to $10.12.
Actively observing the price movement in the last trading, the stock closed the session at $10.10. The value of beta (5-year monthly) was 0.64 whereas the PE ratio was 8.21 over 12-month period. Referring to stock’s 52-week performance, its high was $11.22, and the low was $5.99. On the whole, MUFG has fluctuated by -6.21% over the past month.
The company’s Forward Dividend Ratio is 0.14, with its dividend yield at 1.38%. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be $0.06, which is expected to increase to $0.19 for fiscal year $0.83 and then to about $0.87 by fiscal year 2025. Data indicates that the EPS growth is expected to be 23.90% in 2025, while the next year’s EPS growth is forecast to be 4.80%.
Wall Street analysts also predicted that in 2025, the company’s y-o-y revenues would reach $30.63 billion, representing a decrease of -55.30% from the revenues reported in the last year’s results.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that MUFG’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium term indicators have put the stock in the category of 100% Buy while long term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 0.62, with the price of MUFG currently trading nearly -2.31% and 1.43% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 47.91, while the 7-day volatility ratio is showing 1.31% which for the 30-day chart, stands at 1.19%. Furthermore, Mitsubishi UFJ Financial Group, Inc. ADR (MUFG)’s beta value is 0.66, and its average true range (ATR) is 0.18.
A comparison of Mitsubishi UFJ Financial Group, Inc. ADR (MUFG) with its peers suggests the former has fared considerably weaker in the market. MUFG showed an intraday change of 0.20% in last session, and over the past year, it grew by 57.14%%.
Data on historical trading for Mitsubishi UFJ Financial Group, Inc. ADR (NYSE:MUFG) indicates that the trading volumes over the past 10 days have averaged 2.54 million and over the past 3 months, they’ve averaged 3.21 million. According to company’s latest data on outstanding shares, there are 12.01 billion shares outstanding.
Nearly 0.02% of Mitsubishi UFJ Financial Group, Inc. ADR’s shares belong to company insiders and institutional investors own 6.87% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 9.88 million shares as on Mar 15, 2024, resulting in a short ratio of 3.47. According to the data, the short interest in Mitsubishi UFJ Financial Group, Inc. ADR (MUFG) stood at 0.09% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 10.38 million. The stock has risen by 17.54% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the MUFG stock heading into the next quarter.
