Infosys Ltd ADR (NYSE:INFY) shares, rose in value on Thursday, April 04, with the stock price up by 1.04% to the previous day’s close as strong demand from buyers drove the stock to $17.91.
Actively observing the price movement in the recent trading, the stock is buoying the session at $17.72. The value of beta (5-year monthly) is 0.54 whereas the PE ratio is 25.13 over 12-month period. Referring to stock’s 52-week performance, its high was $20.74, and the low was $14.71. On the whole, INFY has fluctuated by -7.18% over the past month.
The company’s Forward Dividend Ratio is 0.43, with its dividend yield at 2.40%. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be $0.17, which is expected to increase to $0.19 for fiscal year $0.71 and then to about $0.77 by fiscal year 2025.
Analysts have estimated the company’s revenue for the quarter at $4.55 billion, with a low estimate of $4 billion and a high estimate of $4.8 billion. Wall Street analysts also predicted that in 2025, the company’s y-o-y revenues would reach $18.54 billion, representing an increase of 1.80% from the revenues reported in the last year’s results.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that INFY’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium term indicators have put the stock in the category of 50% Buy while long term indicators on average have been pointing out that it is a Hold.
The stock’s technical analysis shows that the PEG ratio is about 1.70, with the price of INFY currently trading nearly -3.67% and -8.09% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 36.01, while the 7-day volatility ratio is showing 1.48% which for the 30-day chart, stands at 1.39%. Furthermore, Infosys Ltd ADR (INFY)’s beta value is 0.93, and its average true range (ATR) is 0.31.
A comparison of Infosys Ltd ADR (INFY) with its peers suggests the former has fared considerably weaker in the market. INFY showed an intraday change of 1.04% in today’s session so far, and over the past year, it grew by 2.78%%.
Data on historical trading for Infosys Ltd ADR (NYSE:INFY) indicates that the trading volumes over the past 10 days have averaged 11.98 million and over the past 3 months, they’ve averaged 8.59 million. According to company’s latest data on outstanding shares, there are 4.15 billion shares outstanding.
Nearly 0.00% of Infosys Ltd ADR’s shares belong to company insiders and institutional investors own 11.49% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 42.32 million shares as on Mar 15, 2024, resulting in a short ratio of 5.86. According to the data, the short interest in Infosys Ltd ADR (INFY) stood at 1.02% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 38.1 million. The stock has fallen by -2.58% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the INFY stock heading into the next quarter.
