ICICI Bank Ltd. ADR (NYSE:IBN) shares, rose in value, with the stock price up by 0.12% to the previous day’s close as strong demand from buyers drove the stock to $34.35.
Actively observing the price movement in the last trading, the stock closed the session at $34.31. The PE ratio was 20.86 over 12-month period. Referring to stock’s 52-week performance, its high was $34.49, and the low was $25.12. On the whole, IBN has fluctuated by 2.48% over the past month.
With the market capitalization of ICICI Bank Ltd. ADR currently standing at about $122.48 billion, investors are eagerly awaiting this quarter’s results, scheduled for in June. The company’s Forward Dividend Ratio is 0.24, with its dividend yield at 0.69%.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that IBN’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium-term indicators have put the stock in the category of 100% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 1.72, with the price of IBN currently trading nearly 1.77% and 5.51% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 61.42, while the 7-day volatility ratio is showing 0.94% which for the 30-day chart, stands at 1.60%. Furthermore, ICICI Bank Ltd. ADR (IBN)’s beta value is 0.63, and its average true range (ATR) is 0.53.
A comparison of ICICI Bank Ltd. ADR (IBN) with its peers suggests the former has fared considerably weaker in the market. IBN showed an intraday change of 0.12% in last session, and over the past year, it grew by 26.80%%.
Data on historical trading for ICICI Bank Ltd. ADR (NYSE:IBN) indicates that the trading volumes over the past 3 months, they’ve averaged 5.75 million. According to company’s latest data on outstanding shares, there are 3.57 billion shares outstanding.
Nearly 0.00% of ICICI Bank Ltd. ADR’s shares belong to company insiders and institutional investors own 18.00% of the company’s shares. The stock has risen by 15.04% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the IBN stock heading into the next quarter.
