HDFC Bank Ltd. ADR (NYSE:HDB) price on Friday, December 27, fall -0.26% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $64.60.
A look at the stock’s price movement, the close in the last trading session was $64.77, moving within a range at $64.28 and $64.79. The beta value (5-Year monthly) was 0.833 while the PE ratio in trailing twelve months stood at 19.81. Turning to its 52-week performance, $68.50 and $52.16 were the 52-week high and 52-week low respectively. Overall, HDB moved -3.08% over the past month.
HDFC Bank Ltd. ADR’s market cap currently stands at around $164.68 billion, with investors looking forward to this quarter’s earnings report slated for in January. The company has a Forward Dividend ratio of 0.70, with its dividend yield at 1.08%. 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 431.06B for the company’s revenue for the quarter, with a low and high estimate of 423.4B and 436.33B respectively. The average forecast suggests up to a 8.83% 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 4.9T, representing a 210.44% jump 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 HDB 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 1.66, with HDB’s current price about -2.43% and -0.09% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 44.54, while 7-day volatility ratio is 1.00% and 1.05% in the 30-day chart. Further, HDFC Bank Ltd. ADR (HDB) has a beta value of 0.91, and an average true range (ATR) of 0.88.
If we refocus on HDFC Bank Ltd. ADR (NYSE:HDB), historical trading data shows that trading volumes averaged 2.58 over the past 10 days and 2.68 million over the past 3 months. The company’s latest data on shares outstanding shows there are 2.55 billion shares.
The 0.08% of HDFC Bank Ltd. ADR’s shares are in the hands of company insiders while institutional holders own 13.62% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 17.36 million on 2024-11-29, giving us a short ratio of 6.8. The data shows that as of 2024-11-29 short interest in HDFC Bank Ltd. ADR (HDB) stood at 68.0 of shares outstanding, with shares short falling to 18.65 million registered in 2024-10-31. Current price change has pushed the stock -3.74% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the HDB stock continues to rise going into the next quarter.
