HDFC Bank Ltd. ADR (NYSE:HDB) price is hovering higher on current market day and jumping 4.52% above its previous close.
A look at today’s price movement shows that the recent level at last check reads $60.87, with intraday deals fluctuating between $62.5 and $64.18. The company’s 5Y monthly beta was ticking 0.833 while its P/E ratio in the trailing 12-month period read 19.51. Taking into account the 52-week price action we note that the stock hit a 52-week high of $67.44 and 52-week low of $52.16. The stock subtracted -3.21% on its value in the past month.
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HDFC Bank Ltd. ADR, which has a market valuation of $161.83 billion, is expected to release its quarterly earnings report on 2024-Oct-19. The company stock has a Forward Dividend ratio of 0.70, while the dividend yield is 1.09%. It is understandable that investor optimism is growing ahead of the company’s current quarter results.
Staying with the analyst view, there is a consensus estimate of 19.91B for the company’s annual revenue in current year. Per this projection, the revenue is forecast to grow -35.10% below that which the company brought in the current year earning report.
Technical indicators in stocks provide crucial insights into market trends, guiding investors with precise entry and exit points based on price movements for informed decision-making.On the technical perspective front, indicators give HDB a short term outlook of 100% Buy on average. Looking at the stock’s medium term indicators we note that it is averaging as a 100% Buy, while an average of long term indicators are currently assigning the stock as 100% Buy.
If we dive deeper into the stock’s performance we see the positive picture represented by the PEG ratio, currently standing at 1.87. The overview shows that HDB’s price is at present 2.38% off the SMA20 and 3.06% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 57.79, with weekly volatility standing at 1.11%. The indicator jumps to 1.26% when calculated based on the past 30 days. HDFC Bank Ltd. ADR (NYSE:HDB)’s beta value is holding at 0.91, while the average true range (ATR) indicator is currently reading 1.19.
An analysis of the HDFC Bank Ltd. ADR (NYSE:HDB) stock in terms of its daily trading volume indicates that the 3-month average is 2.84 million. However, this figure increases on the past 10-day timeline to an average of 2.15 million.
Current records show that the company has 2.54B in outstanding shares. The insiders’ percentage holdings are 0.10% of outstanding shares while the percentage share held by institutions stands at 13.50%. The stats also highlight that short interest as of 2024-09-30, stood at 16.48 million shares, which puts the short ratio at the time at 5.42. From this we can glean that short interest is 65.00 of company’s current outstanding shares. Notably, we see that shares short in September rose slightly given the previous month’s figure stood at 16.22 million. But the -5.20% downside, the stock’s price has registered year-to-date as of today’s value, will likely reignite investor interest given the prospect of it rallying even higher.
