ICICI Bank Ltd. ADR (NYSE:IBN) price on current trading day, fall -0.58% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $29.56.
A look at the stock’s price movement, the level at last check in today’s session was $29.73, moving within a range at $29.42 and $29.68. The beta value (5-Year monthly) was 0.829 while the PE ratio in trailing twelve months stood at 18.63. Turning to its 52-week performance, $31.60 and $22.02 were the 52-week high and 52-week low respectively. Overall, IBN moved 0.02% over the past month.
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ICICI Bank Ltd. ADR’s market cap currently stands at around $104.26 billion, with investors looking forward to this quarter’s earnings report slated for on 2025-Jan-18. 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.
Analysts have a consensus estimate of 276.51B for the company’s revenue for the quarter, with a low and high estimate of 275.03B and 279B respectively. The average forecast suggests up to a 11.61% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 1.11T, representing a -31.57% 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 50% 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 1.90, with IBN’s current price about -2.00% and -1.27% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 44.72, while 7-day volatility ratio is 1.05% and 1.16% in the 30-day chart. Further, ICICI Bank Ltd. ADR (IBN) has a beta value of 1.00, and an average true range (ATR) of 0.49.
If we refocus on ICICI Bank Ltd. ADR (NYSE:IBN), historical trading data shows that trading volumes averaged 4.34 over the past 10 days and 5.40 million over the past 3 months. The company’s latest data on shares outstanding shows there are 3.53 billion shares.
The 0.00% of ICICI Bank Ltd. ADR’s shares are in the hands of company insiders while institutional holders own 19.04% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 32.59 million on 2024-10-31, giving us a short ratio of 5.11. The data shows that as of 2024-10-31 short interest in ICICI Bank Ltd. ADR (IBN) stood at 200.0 of shares outstanding, with shares short rising to 27.25 million registered in 2024-09-30. Current price change has pushed the stock 23.98% 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.
