HSBC Holdings plc ADR (NYSE:HSBC) price closed lower on Tuesday, April 16, dropping -2.27% below its previous close.
A look at the daily price movement shows that the last close reads $40.57. The company’s P/E ratio in the trailing 12-month period read 6.98. Taking into account the 52-week price action we note that the stock hit a 52-week high of $42.47 and 52-week low of $34.89. The stock added 3.77% on its value in the past month.
HSBC Holdings plc ADR, which has a market valuation of $149.84 billion. The company stock has a Forward Dividend ratio of 2.55, while the dividend yield is 6.43%. 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 HSBC a short term outlook of 50% Buy on average. Looking at the stock’s medium term indicators we note that it is averaging as a 50% 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 0.32. The overview shows that HSBC’s price is at present -0.67% off the SMA20 and 1.13% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 48.34, with weekly volatility standing at 1.45%. The indicator jumps to 1.09% when calculated based on the past 30 days. HSBC Holdings plc ADR (NYSE:HSBC)’s beta value is holding at 0.61, while the average true range (ATR) indicator is currently reading 0.67.
An analysis of the HSBC Holdings plc ADR (NYSE:HSBC) stock in terms of its daily trading volume indicates that the 3-month average is 2.28 million.
Current records show that the company has 3.85B in outstanding shares. The insiders’ percentage holdings are 0.00% of outstanding shares while the percentage share held by institutions stands at 1.55%. But the -2.20% downside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.
