Mizuho Financial Group Inc. (NYSE:MFG) does about 1.41M shares in volume on a normal day but saw 1606847 shares change hands in Monday trading. The company now has a market cap of 38.22B USD. Its current market price is $3.09, marking a decrease of -1.59% compared to the previous close of $3.14. The 52 week high reached by this stock is $3.30 whilst the lowest price level in 52 weeks is $2.10. The script in recent trading has seen the stock touch a high of $3.12 and a low of $3.09.
Mizuho Financial Group Inc. (MFG) has a 20-day trading average at $2.96 and the current price is -6.36% off the 52-week high compared with 47.14% distance from its 52-week low. The 50-day simple moving average of the closing price is $2.63 and its 200-day simple moving average is $2.39. If we look at the stock’s price movements over the week, volatility stands at 1.44%, which increases to 1.87% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 64.53 to suggest the stock is neutral.
12 analysts observing the Mizuho Financial Group Inc. (MFG) stock have set the 12-month price targets for the company’s shares at between $2.30 and $4.39. The consensus objective for the share price is $2.63, suggesting that the stock has a potential downside of -17.49% over the period. The median price target is 0.64% away from the current levels at $3.11.
FactSet Research has provided data showing that 12 brokerages have issued ratings for the stock. 1 analysts have rated it as a sell, while 2 advise that it is a overweight. 2 analysts have rated it as a buy and 7 have advised that investors hold their positions. The consensus recommendation rating is Hold and Wall Street’s advice is for investors to Strong Buy the stock.
The current price level is 4.99%, 18.44%, and 29.35% away from its SMA20, SMA50, and SMA200 respectively, with the MFG price moving below the 50-day SMA on January 23. Mizuho Financial Group Inc. (MFG) stock is down -6.08% over the week and 14.87% over the past month. Its price is 8.80% year-to-date and 12.77% over the past year.
The stock last released its quarterly earnings report for quarter ended 9/29/2021, with the company’s earnings per share (EPS) of $0.97 above consensus estimates by $0.89. The company’s next earnings report is expected on 05/15/2023, with forecasts estimating quarterly EPS at $0.05 and $0.84 for whole year. MFG’s earnings per share are forecast to shrink by -52.00% this year and 10.70% over next year.
To reach the target analysts have set, the stock logically needs to shrink -17.49 percent from here.
Outstanding shares total 12.68B with insiders holding 0.00% of the shares and institutional holders owning 0.43% of the company’s common stock. The company has a return on investment of 4.70% and return on equity of -8.80%. The forward price to earnings ratio is 1.68. The beta has a value of 0.50. Price to book ratio is 0.58 and price to sales ratio is 2.45.
According to a U.S. Securities and Exchange Commission filing, Steward Global Equity Income Fund has added its position in Mizuho Financial Group Inc. (MFG) to 1,815,090 shares, mirroring a recent increase by 2.30%. Steward Global Equity Income Fund added 40890.0 shares of Mizuho Financial Group Inc. common stock bringing its total worth to about $5.15 million at the end of recent close, SEC documents show. Trust for Professional Managers – cut their holdings by -15.54% in the company over the course of the most recent quarter. It now holds a 0.00% position in Mizuho Financial Group Inc. thanks to 0.45 million shares amounting to $1.28 million.