Mitsubishi UFJ Financial Group, Inc. ADR (NYSE:MUFG) price is hovering higher on current market day and jumping 1.55% above its previous close.
A look at today’s price movement shows that the recent level at last check reads $13.54. The company’s P/E ratio in the trailing 12-month period read 13.10. Taking into account the 52-week price action we note that the stock hit a 52-week high of $15.03 and 52-week low of $8.75. The stock added 15.84% on its value in the past month.
Mitsubishi UFJ Financial Group, Inc. ADR, which has a market valuation of $158.21 billion, is expected to release its quarterly earnings report in June. The company stock has a Forward Dividend ratio of 0.17, while the dividend yield is 1.21%. It is understandable that investor optimism is growing ahead of the company’s current quarter results.
On average, analysts have forecast the company’s revenue for the quarter will hit 1.43T, with the likely lows of 1.43T and highs of 1.43T. The average estimate suggests sales growth for the quarter will likely fall by -6.73% when compared to those recorded in the same quarter in the last financial year. Staying with the analyst view, there is a consensus estimate of 5.48T for the company’s annual revenue in current year. Per this projection, the revenue is forecast to grow 154.52% above that which the company brought in the current year earning report.
Technical indicators in stocks provide crucial insights into market trends, guiding investors with precise entry and exit points based on price movements for informed decision-making.On the technical perspective front, indicators give MUFG a short term outlook of 50% Buy on average. Looking at the stock’s medium term indicators we note that it is averaging as a 100% Buy, while an average of long term indicators are currently assigning the stock as 100% Buy.
Here is a look at the average analyst rating for the stock as represented on a scale of 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock is strong buy or strong sell respectively. Specifically, 1 analysts have assigned MUFG a recommendation rating as follows: 0 rate it as a Hold; 1 advise Buy while 0 analyst(s) assign an Overweight rating. 0 analyst(s) have tagged the Mitsubishi UFJ Financial Group, Inc. ADR (MUFG) stock as Underweight, with 0 recommending Sell. In general, analysts have rated the stock Buy, a scenario likely to bolster investors out for an opportunity to add to their holdings of the company’s shares.
If we dive deeper into the stock’s performance we see the positive picture represented by the PEG ratio, currently standing at 1.22. The overview shows that MUFG’s price is at present 8.76% off the SMA20 and 7.39% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 69.61, with weekly volatility standing at 1.80%. The indicator jumps to 1.48% when calculated based on the past 30 days. Mitsubishi UFJ Financial Group, Inc. ADR (NYSE:MUFG)’s beta value is holding at 0.43, while the average true range (ATR) indicator is currently reading 0.31.
An analysis of the Mitsubishi UFJ Financial Group, Inc. ADR (NYSE:MUFG) stock in terms of its daily trading volume indicates that the 3-month average is 8.99 million.
Current records show that the company has 11.51B in outstanding shares. The insiders’ percentage holdings are 0.02% of outstanding shares while the percentage share held by institutions stands at 2.69%. But the 17.32% upside, the stock’s price has registered year-to-date as of today’s value, will likely reignite investor interest given the prospect of it rallying even higher.
