Home  »  Finance   »  ICICI Bank Ltd. ADR (NYSE: IBN) Still Needs To Con...

ICICI Bank Ltd. ADR (NYSE: IBN) Still Needs To Convince Analysts?

ICICI Bank Ltd. ADR (NYSE:IBN) price is hovering higher on Tuesday, February 13, jumping 1.51% above its previous close.

A look at today’s price movement shows that the recent level at last check reads $23.88. The company’s 5Y monthly beta was ticking 0.82 while its P/E ratio in the trailing 12-month period read 16.83. Taking into account the 52-week price action we note that the stock hit a 52-week high of $25.12 and 52-week low of $19.34. The stock added 0.71% on its value in the past month.

#1 Small-Cap Uranium Stock for Ultra-Fast Gains in 2024

We've uncovered THE ONE small-cap uranium stock that has unearthed a near-surface, high-grade uranium discovery in the Saudi Arabia of Uranium — Canada's prolific Athabasca Basin. Best of all, this small-cap uranium stock is currently flying just below Wall Street's radar… giving you the early-entry opportunity around US$0.30 per share. But that won't last long. Drills are turning right now with results set to be released to the market very, very soon.

Learn all about it in this brand new FREE online report.
Sponsored

ICICI Bank Ltd. ADR, which has a market valuation of $85.05 billion. The company stock has a Forward Dividend ratio of 0.19, while the dividend yield is 0.80%. It is understandable that investor optimism is growing ahead of the company’s current quarter results.

Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with no upward and no downward reviews. 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 0.79. The overview shows that IBN’s price is at present 0.36% off the SMA20 and 0.76% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 51.27, with weekly volatility standing at 1.12%. The indicator jumps to 1.41% when calculated based on the past 30 days. ICICI Bank Ltd. ADR (NYSE:IBN)’s beta value is holding at 1.02, while the average true range (ATR) indicator is currently reading 0.46.

Turning out attention to how the ICICI Bank Ltd. ADR stock has performed in comparison to its peers in the industry, here’s what we find: IBN’s stock is 1.51% on the day and 17.78% in the past 12 months. As for ICICI Bank Ltd. ADR, the P/E ratio stands at 16.83 higher than that of State Bank of India GDR’s at 0.00.

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 0.82. However, this figure increases on the past 10-day timeline to an average of 5.65 million.

Current records show that the company has 3.51B in outstanding shares. The insiders’ percentage holdings are 0.22% of outstanding shares while the percentage share held by institutions stands at 18.38%. The stats also highlight that short interest as of Jan 31, 2024, stood at 16.47 million shares, which puts the short ratio at the time at 2.6. From this we can glean that short interest is 0.60% of company’s current outstanding shares. But the 1.68% 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.