ICICI Bank Ltd. ADR (NYSE:IBN) at last check was buoying at $29.60 on current market day with a rise of 2.51% from its closing price on previous day.
Taking a look at stock we notice that its last check on previous day was $28.88 and 5Y monthly beta was reading 0.841 with its price kept floating in the range of $29.57 and $29.78 on the day. Company’s P/E ratio for the trailing 12 months is 19.41. Considering stock’s 52-week price range provides that IBN hit a high price of $31.60 and saw its price falling to a low level of $21.89 during that period. Over a period of past 1-month, stock came subtracting -3.82% in its value.
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With its current market valuation of $104.31 billion, ICICI Bank Ltd. ADR is set to declare its quarterly results on 2024-Oct-26. IBN Stock’s Forward Dividend of 0.24 and its yield of 0.80% 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 0.35 per share for company’s earnings in the current quarter and are expecting its annual EPS growth moving up to 1.47 for current year with estimates of that growing to 1.64 in next year.
In keeping analyst consensus estimate with, company is forecasted to be making an annual revenue of 12.94B in current fiscal year, which will be -33.90% less from revenue generated by the company last year.
In contrast, when we review IBN stock’s current outlook then short term indicators are assigning it an average of 50% 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 2.12. It further provides that stock’s current price level is -0.60% away from its 20-day simple moving average and is 1.08% off its SMA50. Its relative strength index (RSI) for 14-periods is oscillating at 51.18 while volatility remained at 1.02% over the past week which changes to 1.05% when measuring it over the past month. Beta is valued at 1.03, while measure of average true range or ATR is currently at 0.48.
Having a second look at ICICI Bank Ltd. ADR (NYSE:IBN) provides that stock’s average daily trading volume for 3 months was 5.52 million, while it jumped to 5178260 when we calculate an average volume for past 10 days. Number of outstanding shares of the stock stood at 3.52 billion.
The percentage of outstanding shares held by the insiders is 0.00% while it is 18.95% for the institutional holders. The figures also indicate that as of 2024-09-30, number of stock’s short shares was 27.25 million which implies a short ratio of 4.58. This shows up a 168.00 of Short Interest in company’s outstanding shares on the day. In September the standing of shares short improved as it was 25.93 million in the previous month. Addition of 24.18% 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.
