Sumitomo Electric Industries Stock Today
Sumitomo Electric is trading at 15.26 as of the 26th of May 2024. This is a -1.1 percent decrease since the beginning of the trading day. The stock's lowest day price was 15.26. Equity ratings for Sumitomo Electric Industries are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 26th of February 2024 and ending today, the 26th of May 2024. Click here to learn more.
Valuation
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Sumitomo Pink Sheet Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Sumitomo Electric's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Sumitomo Electric or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| Chairman | Masayoshi Matsumoto |
| Business Concentration | Auto Parts, Consumer Cyclical (View all Sectors) |
Sumitomo Electric Industries [SMTOF] is a Pink Sheet which is traded between brokers as part of OTC trading. The company currently falls under 'Mid-Cap' category with a current market capitalization of 9.75 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Sumitomo Electric's market, we take the total number of its shares issued and multiply it by Sumitomo Electric's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Sumitomo Electric classifies itself under Consumer Cyclical sector and is part of Auto Parts industry. The entity has 779.88 M outstanding shares.
Sumitomo Electric Industries has accumulated about 277.18 B in cash with 76 B of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 355.41, which can makes it an attractive takeover target, given it will continue generating positive cash flow.
Check Sumitomo Electric Probability Of Bankruptcy
Sumitomo Stock Against Markets
Picking the right benchmark for Sumitomo Electric pink sheet is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Sumitomo Electric pink sheet price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Sumitomo Electric is critical whether you are bullish or bearish towards Sumitomo Electric Industries at a given time. Please also check how Sumitomo Electric's historical prices are related to one of the top price index indicators.
Sumitomo Electric Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Sumitomo Electric pink sheet to make a market-neutral strategy. Peer analysis of Sumitomo Electric could also be used in its relative valuation, which is a method of valuing Sumitomo Electric by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Sumitomo Electric Corporate Directors
Sumitomo Electric corporate directors refer to members of a Sumitomo Electric board of directors. The board of directors generally takes responsibility for the Sumitomo Electric's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Sumitomo Electric's board members must vote for the resolution. The Sumitomo Electric board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Mitsuo Nishida | Executive VP and Director | Profile | |
| Shigeru Nakajima | Executive Officer, Deputy Chief Director of Information Communication Business | Profile | |
| Yasuhiro Miyata | Executive Officer, Deputy Chief Director of Electronics Sales | Profile | |
| Masahiro Kobayashi | Executive Officer, Deputy Chief Director of Research & Development | Profile |
How to buy Sumitomo Pink Sheet?
Before investing in Sumitomo Electric, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Sumitomo Electric. To buy Sumitomo Electric stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Sumitomo Electric. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Sumitomo Electric stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Sumitomo Electric Industries stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Sumitomo Electric Industries stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Sumitomo Electric Industries, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments.
Already Invested in Sumitomo Electric Industries?
The danger of trading Sumitomo Electric Industries is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Sumitomo Electric is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Sumitomo Electric. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Sumitomo Electric is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out World Market Map to better understand how to build diversified portfolios. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in persons. You can also try the Portfolio Optimization module to compute new portfolio that will generate highest expected return given your specified tolerance for risk.
Complementary Tools for Sumitomo Pink Sheet analysis
When running Sumitomo Electric's price analysis, check to measure Sumitomo Electric's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Sumitomo Electric is operating at the current time. Most of Sumitomo Electric's value examination focuses on studying past and present price action to predict the probability of Sumitomo Electric's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Sumitomo Electric's price. Additionally, you may evaluate how the addition of Sumitomo Electric to your portfolios can decrease your overall portfolio volatility.
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