ICICI Bank Limited (NYSE:IBN) at last check was buoying at $21.94 on Friday, January 14, with a fall of -0.70% from its closing price on previous day.
Taking a look at stock we notice that its last check on previous day was $22.10 and 5Y monthly beta was reading 1.02 with its price kept floating in the range of $22.055 and $22.34 on the day. Company’s P/E ratio for the trailing 12 months is 27.28. Considering stock’s 52-week price range provides that IBN hit a high price of $22.34 and saw its price falling to a low level of $14.20 during that period. Over a period of past 1-month, stock came adding 12.41% in its value.
With its current market valuation of $74.74 billion. IBN Stock’s Forward Dividend of 0.05 and its yield of 0.23% are making investors’ thoughts stronger that it could climb further before the company announces its earnings for the current quarter. Analysts are in estimates of $0.23 per share for company’s earnings in the current quarter and are expecting its annual EPS growth moving up to $0.84 for 2022 with estimates of that growing to $1.1 in next year. These estimates are suggesting current year growth of 16.70% for EPS and 31.00% growth next year.
In keeping analyst consensus estimate with, company is forecasted to be making an annual revenue of $8.98 billion in 2022, which will be 43.30% more from revenue generated by the company last year.
In last 7 days, analysts came adjusting their opinions about stock’s EPS with no upward and no downward revisions, an indication which could give clearer idea about the company’s short term price movement. In contrast, when we review IBN stock’s current outlook then short term indicators are assigning it an average of 100% Buy, while medium term indicators are categorizing the stock at an average of 100% Buy. Long term indicators are suggesting an average of 100% Buy for it.
Digging deeper we become aware of the PEG ratio of the IBN stock which is currently positioned at 0. It further provides that stock’s current price level is 8.42% away from its 20-day simple moving average and is 9.80% off its SMA50. Its relative strength index (RSI) for 14-periods is oscillating at 71.01 while volatility remained at 1.64% over the past week which changes to 1.36% when measuring it over the past month. Beta is valued at 1.16, while measure of average true range or ATR is currently at 0.40.
Having a second look at ICICI Bank Limited (NYSE:IBN) provides that stock’s average daily trading volume for 3 months was 9.72 million, while it jumped to 7.52 million when we calculate an average volume for past 10 days. Number of outstanding shares of the stock stood at 3.47 billion.
The percentage of outstanding shares held by the insiders is 62.40% while it is 21.00% for the institutional holders. The figures also indicate that as of Dec 14, 2021, number of stock’s short shares was 27.71 million which implies a short ratio of 1.99. This shows down a 0.80% of Short Interest in company’s outstanding shares on the day. In December the standing of shares short improved as it was 33.01 million in the previous month. Addition of 11.67% by stock’s current price to its year-to-date value in today’s trading is likely to be increasing investors’ interest in the stock as it is hinting an extended uptrend.