HDFC Bank Ltd. ADR (NYSE:HDB) shares, rose in value on Thursday, April 04, with the stock price up by 6.31% to the previous day’s close as strong demand from buyers drove the stock to $59.96.
Actively observing the price movement in the recent trading, the stock is buoying the session at $56.40. The value of beta (5-year monthly) is 0.77 whereas the PE ratio is 18.49 over 12-month period. Referring to stock’s 52-week performance, its high was $71.39, and the low was $52.16. On the whole, HDB has fluctuated by 9.16% over the past month.
The company’s Forward Dividend Ratio is 0.68, with its dividend yield at 1.14%. 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 $0.52, which is expected to increase to $0.71 for fiscal year $2.55 and then to about $2.75 by fiscal year 2025. Data indicates that the EPS growth is expected to be -16.90% in 2025, while the next year’s EPS growth is forecast to be 7.80%.
Wall Street analysts also predicted that in 2025, the company’s y-o-y revenues would reach $18.96 billion, representing an increase of 20.10% 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 HDB’s technical picture suggests that short-term indicators denote the stock is a Hold on average. However, medium term indicators have put the stock in the category of 50% Sell 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 1.29, with the price of HDB currently trading nearly 7.49% and 8.94% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 70.13, while the 7-day volatility ratio is showing 1.64% which for the 30-day chart, stands at 1.61%. Furthermore, HDFC Bank Ltd. ADR (HDB)’s beta value is 0.86, and its average true range (ATR) is 1.23.
A comparison of HDFC Bank Ltd. ADR (HDB) with its peers suggests the former has fared considerably weaker in the market. HDB showed an intraday change of 6.31% in today’s session so far, and over the past year, it shrunk by -10.19%%.
Data on historical trading for HDFC Bank Ltd. ADR (NYSE:HDB) indicates that the trading volumes over the past 10 days have averaged 2.28 million and over the past 3 months, they’ve averaged 3.76 million. According to company’s latest data on outstanding shares, there are 2.53 billion shares outstanding.
Nearly 0.01% of HDFC Bank Ltd. ADR’s shares belong to company insiders and institutional investors own 13.53% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 13.25 million shares as on Mar 15, 2024, resulting in a short ratio of 2.37. According to the data, the short interest in HDFC Bank Ltd. ADR (HDB) stood at 0.52% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 7.05 million. The stock has fallen by -10.65% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the HDB stock heading into the next quarter.
