ICICI Bank Ltd. ADR (NYSE:IBN) price on current trading day, fall -1.81% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $28.53.
A look at the stock’s price movement, the level at last check in today’s session was $29.06, moving within a range at $28.36 and $28.71. The beta value (5-Year monthly) was 0.829 while the PE ratio in trailing twelve months stood at 17.78. Turning to its 52-week performance, $32.14 and $23.54 were the 52-week high and 52-week low respectively. Overall, IBN moved -3.79% over the past month.
ICICI Bank Ltd. ADR’s market cap currently stands at around $100.75 billion, with investors looking forward to this quarter’s earnings report slated for in March. The company has a Forward Dividend ratio of 0.24, with its dividend yield at 0.83%. 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 274.96B for the company’s revenue for the quarter, with a low and high estimate of 271.47B and 279.26B respectively. The average forecast suggests up to a 10.98% 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 1.09T, representing a -32.39% 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% Sell. On the other hand, the stock is on average a Hold as suggested by medium term indicators while long term indicators are putting the stock in 50% Sell category.
The technical evaluation for the stock shows the PEG ratio is 1.68, with IBN’s current price about 0.16% and -4.04% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 43.80, while 7-day volatility ratio is 0.84% and 0.86% in the 30-day chart. Further, ICICI Bank Ltd. ADR (IBN) has a beta value of 1.01, and an average true range (ATR) of 0.39.
If we refocus on ICICI Bank Ltd. ADR (NYSE:IBN), historical trading data shows that trading volumes averaged 3.75 over the past 10 days and 4.00 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 18.31% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 24.23 million on 2024-12-31, giving us a short ratio of 6.21. The data shows that as of 2024-12-31 short interest in ICICI Bank Ltd. ADR (IBN) stood at 149.0 of shares outstanding, with shares short falling to 30.05 million registered in 2024-11-29. Current price change has pushed the stock -4.44% 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.
