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Mitsubishi UFJ Financial Group Inc. (NYSE: MUFG) Share Price Rose Recently, But Trouble May Still Be Afoot

Mitsubishi UFJ Financial Group Inc. (NYSE:MUFG) traded at $7.36 at last check on Tuesday, January 24, made an upward move of 1.45% on its previous day’s price.

Looking at the stock we see that its previous close was $7.25 and the beta (5Y monthly) reads 0.85 with the day’s price range being $7.23 – $7.30. The company has a trailing 12-month PE ratio of 20.37. In terms of its 52-week price range, MUFG has a high of $7.71 and a low of $4.31. The company’s stock has gained about 15.45% over that past 30 days.

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Mitsubishi UFJ Financial Group Inc. has a market cap of $91.54 billion. With its Forward Dividend at 0.11 and a yield of 1.46%, the company’s investors could be anxious for the MUFG stock to gain ahead of the earnings release. Estimates by analysts give the company expected earnings per share (EPS) of $0, with the EPS growth for the year raised at $0.65 for 2023 and $0.69 for next year. These figures represent -17.70% and 6.20% growth in EPS for the two years respectively.

According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2023 is expected to hit $34.38 billion, or -36.40% down from figures reported last year.

There have been no upward and no downward revisions for the stock’s EPS in last 7 days, something that reflects the nature of company’s price movement in short term. On the other hand, looking at the outlook for the MUFG stock, short term indicators assign the stock an average of 100% Buy, while medium term indicators assign it an average of 100% Buy. Long term indicators on average place the stock in the category of 50% Buy.

Based on estimates by 13 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 4 have rated the Mitsubishi UFJ Financial Group Inc. (MUFG) stock as a Hold, while 8 rate it as a Buy. 1 analyst(s) rate it as overweight while 0 of them rated it as underweight, whereas 0 suggest the stock as a Sell. The stock has an overall rating of Overweight and investors could take advantage and scoop up stock of the company.

Looking further, we note that the PEG ratio for the MUFG stock currently stands at 2.72, and the most recent price level today is 5.30% off its SMA20 and 22.14% from its 50-day simple moving average. The RSI (14) is pointing at 65.72 while the volatility over the past week is 1.33% and jumps to 1.78% over the past one month. The beta value is 0.71, while the average true range (ATR) is currently pointing at 0.19.

Let’s briefly compare Mitsubishi UFJ Financial Group Inc. (MUFG) stock to its peers. We find that today’s price change of 1.45% and 22.26% over the past 12 months for MUFG competes that of KB Financial Group Inc. (KB), which has seen its stock price fall -0.61% in the latest trading session and is -5.44% over the last one year. Another of its peers The Bank of New York Mellon Corporation (BK) has gained 0.21% today, and was -17.66% down over the past year, while Mizuho Financial Group Inc. (MFG) is also up 1.62% yet, while its price remains in the green at 12.77% over the same period. Mitsubishi UFJ Financial Group Inc. has a P/E ratio of 20.37 compared to KB Financial Group Inc.’s 5.09 and The Bank of New York Mellon Corporation’s 17.01. In contrast to these companies, both the S&P 500 Index and the Dow Jones Industrial are today at -0.40% and -0.23%, respectively, in early deals.

Coming back to Mitsubishi UFJ Financial Group Inc. (NYSE:MUFG), we note that the average 3-month trading volume was 4.34 million, while that of the preceding 10-day period stands at 7.17 million. Current shares outstanding are 12.39 billion.

The insiders hold 5.00% of the company’s shares while institutions hold 1.90%. The data shows that short shares as of Dec 29, 2022, stood at 9.19 million at a short ratio of 2.07. This represents a 0.07% short interest in shares outstanding on Dec 29, 2022. Shares short rose in December from the previous month at 6.64 million. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock 8.70% up in year-to-date price movement.

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