ICICI Bank Ltd. ADR (NYSE:IBN) price is hovering higher on current market day and jumping 0.55% above its previous close.
A look at today’s price movement shows that the recent level at last check reads $30.92, with intraday deals fluctuating between $31.0 and $31.14. The company’s 5Y monthly beta was ticking 0.829 while its P/E ratio in the trailing 12-month period read 19.59. Taking into account the 52-week price action we note that the stock hit a 52-week high of $31.60 and 52-week low of $23.16. The stock added 2.98% on its value in the past month.
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ICICI Bank Ltd. ADR, which has a market valuation of $109.68 billion, is expected to release its quarterly earnings report in January. The company stock has a Forward Dividend ratio of 0.24, while the dividend yield is 0.76%. It is understandable that investor optimism is growing ahead of the company’s current quarter results.
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 IBN 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 1.99. The overview shows that IBN’s price is at present 2.70% off the SMA20 and 3.48% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 60.61, with weekly volatility standing at 0.79%. The indicator jumps to 1.14% when calculated based on the past 30 days. ICICI Bank Ltd. ADR (NYSE:IBN)’s beta value is holding at 1.00, while the average true range (ATR) indicator is currently reading 0.42.
An analysis of the ICICI Bank Ltd. ADR (NYSE:IBN) stock in terms of its daily trading volume indicates that the 3-month average is 5.56 million. However, this figure increases on the past 10-day timeline to an average of 5.07 million.
Current records show that the company has 3.53B in outstanding shares. The insiders’ percentage holdings are 0.00% of outstanding shares while the percentage share held by institutions stands at 18.49%. The stats also highlight that short interest as of 2024-11-15, stood at 30.1 million shares, which puts the short ratio at the time at 6.1. From this we can glean that short interest is 185.00 of company’s current outstanding shares. Notably, we see that shares short in November rose slightly given the previous month’s figure stood at 29.63 million. But the 30.41% upside, 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.
