Is This Stock a Screaming Buy: Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG)

Equity Research firms currently have a positive stance on shares of Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG). The majority of analysts covering the equity have a consensus Strong Buy recommendation on the stock, yielding a score of 1.00. This is based on the research brokerage reports taken into consideration by Thomson Reuters. Those same analysts are projecting that the stock will reach $8.99 on a short term basis.

At the time of writing, the stock was trading at $6.68. This represents a change from the opening price of 0.13%. In terms of performance, year to date, the stock is -11.33%. The monthly stock performance comes in at -4.67%. For the quarter, shares are performing at 20.61%. Weekly performance analysis shows the equity at 1.36%.

In taking a look at technical levels, shares are trading -0.63% away from the 50 day simple moving average and 5.44% away from the 200 day simple moving average. Based on a recent bid, the stock is trading -21.33% away from it’s 52- week high and 33.31% away from its 52 week low. After the recent moves, investors may also look to see if the stock has entered oversold or overbought territory and could be ripe for a bounce. As of writing, Sumitomo Mitsui Financial Group, Inc.’s RSI stands at 45.74. In looking at volatility levels, the shares saw weekly volatility of 1.08% and 1.21% over the past month.

Leave a Comment