ICICI Bank Ltd. ADR (NYSE:IBN) traded at $30.38 at close of the session on Friday, November 01 and made a downward move of -0.10% on its previous day’s price.
Looking at the stock we see that its previous close was $30.41 and the beta (5Y monthly) reads 0.841 with the day’s price range being $30.36 – $30.6723. The company has a trailing 12-month PE ratio of 19.15. In terms of its 52-week price range, IBN has a high of $31.60 and a low of $22.02. The company’s stock has gained about 3.69% over that past 30 days.
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ICICI Bank Ltd. ADR has a market cap of $107.07 billion and is expected to release its quarterly earnings report in December. With its Forward Dividend at 0.24 and a yield of 0.78%, the company’s investors could be anxious for the IBN stock to gain ahead of the earnings release. Estimates by analysts give the company expected earnings per share (EPS) of 0.36, with the EPS growth for the year raised at 1.52 for current year and 1.52 for next year.
According to analyst consensus estimates figures, the company’s yearly revenue forecast for current year is expected to hit 13.01B, or -33.50% down from figures reported last year.
On the other hand, looking at the outlook for the IBN stock, short term indicators assign the stock an average of 50% Buy, while medium term indicators assign it an average of 100% Buy.
Looking further, we note that the PEG ratio for the IBN stock currently stands at 2.01, and the current price level is 2.24% off its SMA20 and 2.12% from its 50-day simple moving average. The RSI (14) is pointing at 54.76 while the volatility over the past week is 1.57% and jumps to 1.06% over the past one month. The beta value is 1.03, while the average true range (ATR) is currently pointing at 0.52.
Coming back to ICICI Bank Ltd. ADR (NYSE:IBN), we note that the average 3-month trading volume was 5.65 million, while that of the preceding 10-day period stands at 6.1 million. Current shares outstanding are 3.52 billion.
The insiders hold 0.00% of the company’s shares while institutions hold 18.77%. The data shows that short shares as of 2024-10-15, stood at 29.63 million at a short ratio of 4.54. This represents a 183.00 short interest in shares outstanding on 2024-10-15. Shares short rose in October from the previous month at 28.0 million. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock 27.43% up in year-to-date price movement.
