Mitsubishi UFJ Financial Group, Inc. ADR (NYSE:MUFG) shares, rose in value, with the stock price down by -0.92% to the previous day’s close as strong demand from buyers drove the stock to $12.06.
Actively observing the price movement in the recent trading, the stock is buoying the session at $12.17, falling within a range of $12.04 and $12.105. The value of beta (5-year monthly) is 0.523 whereas the PE ratio is 11.75 over 12-month period. Referring to stock’s 52-week performance, its high was $12.31, and the low was $8.19. On the whole, MUFG has fluctuated by 4.85% over the past month.
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With the market capitalization of Mitsubishi UFJ Financial Group, Inc. ADR currently standing at about $137.40 billion, investors are eagerly awaiting this quarter’s results, scheduled for in January. The company’s Forward Dividend Ratio is 0.29, with its dividend yield at 2.43%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 5.08T, with a low estimate of 1.08T and a high estimate of 1.14T. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 1.11T.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that MUFG’s technical picture suggests that short-term indicators denote the stock is a 100% 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 1.03, with the price of MUFG currently trading nearly 1.28% and 7.39% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 59.36, while the 7-day volatility ratio is showing 0.96% which for the 30-day chart, stands at 1.01%. Furthermore, Mitsubishi UFJ Financial Group, Inc. ADR (MUFG)’s beta value is 0.65, and its average true range (ATR) is 0.19.
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 -0.92% in today’s session so far, and over the past year, it grew by 37.02%%.
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 1.57 and over the past 3 months, they’ve averaged 1.75 million. According to company’s latest data on outstanding shares, there are 11.67 billion shares outstanding.
Nearly 0.02% of Mitsubishi UFJ Financial Group, Inc. ADR’s shares belong to company insiders and institutional investors own 7.27% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 7.78 million shares as on 2024-10-31, resulting in a short ratio of 4.49. According to the data, the short interest in Mitsubishi UFJ Financial Group, Inc. ADR (MUFG) stood at 8.00 of shares outstanding as of 2024-10-31; the number of short shares registered in 2024-09-30 reached 8.54 million. The stock has risen by 40.05% 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.
