ICICI Bank Ltd. ADR (NYSE:IBN) price on current trading day, rose 0.17% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $29.62.
A look at the stock’s price movement, the level at last check in today’s session was $29.57, moving within a range at $29.535 and $29.68. The beta value (5-Year monthly) was 0.841 while the PE ratio in trailing twelve months stood at 19.42. Turning to its 52-week performance, $31.60 and $21.89 were the 52-week high and 52-week low respectively. Overall, IBN moved -5.30% over the past month.
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ICICI Bank Ltd. ADR’s market cap currently stands at around $104.38 billion, with investors looking forward to this quarter’s earnings report slated for on 2024-Oct-26. The company has a Forward Dividend ratio of 0.24, with its dividend yield at 0.80%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report.
Wall Street analysts have also projected the company’s year-on-year revenue to grow to 12.95B, representing a -33.80% decline on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that IBN is a 50% Buy. On the other hand, the stock is on average a 100% Buy as suggested by medium term indicators while long term indicators are putting the stock in 100% Buy category.
The technical evaluation for the stock shows the PEG ratio is 2.13, with IBN’s current price about 0.75% and 0.50% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 51.12, while 7-day volatility ratio is 0.66% and 1.03% in the 30-day chart. Further, ICICI Bank Ltd. ADR (IBN) has a beta value of 1.03, and an average true range (ATR) of 0.41.
If we refocus on ICICI Bank Ltd. ADR (NYSE:IBN), historical trading data shows that trading volumes averaged 4.58 over the past 10 days and 5.53 million over the past 3 months. The company’s latest data on shares outstanding shows there are 3.52 billion shares.
The 0.00% of ICICI Bank Ltd. ADR’s shares are in the hands of company insiders while institutional holders own 18.92% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 27.25 million on 2024-09-30, giving us a short ratio of 4.58. The data shows that as of 2024-09-30 short interest in ICICI Bank Ltd. ADR (IBN) stood at 168.0 of shares outstanding, with shares short rising to 25.93 million registered in 2024-08-30. Current price change has pushed the stock 24.25% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the IBN stock continues to rise going into the next quarter.
