ICICI Bank Ltd. ADR (NYSE:IBN) price closed lower on Tuesday, April 16, dropping -0.31% below its previous close.
A look at the daily price movement shows that the last close reads $25.57. The company’s P/E ratio in the trailing 12-month period read 17.70. Taking into account the 52-week price action we note that the stock hit a 52-week high of $26.75 and 52-week low of $21.72. The stock subtracted -1.28% on its value in the past month.
ICICI Bank Ltd. ADR, which has a market valuation of $89.50 billion. The company stock has a Forward Dividend ratio of 0.19, while the dividend yield is 0.76%. It is understandable that investor optimism is growing ahead of the company’s current quarter results. Analysts tracking IBN have forecast the quarterly EPS to grow by 0.32 per share this quarter, while the same analysts predict the annual EPS to hit $1.36 for the year 2024 and up to $1.43 for 2025. In this case, analysts estimate an annual EPS growth of 14.30% for the year and 5.10% for the next year.
On average, analysts have forecast the company’s revenue for the quarter will hit -$, with the likely lows of -$ and highs of -$. Staying with the analyst view, there is a consensus estimate of $11.66 billion for the company’s annual revenue in 2024. Per this projection, the revenue is forecast to grow -30.90% below that which the company brought in 2024.
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 — upward and — downward reviews. On the technical perspective front, indicators give IBN 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 0.83. The overview shows that IBN’s price is at present -2.00% off the SMA20 and -0.51% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 42.97, with weekly volatility standing at 1.07%. The indicator jumps to 1.06% when calculated based on the past 30 days. ICICI Bank Ltd. ADR (NYSE:IBN)’s beta value is holding at 1.03, while the average true range (ATR) indicator is currently reading 0.35.
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 6.43 million.
Current records show that the company has 3.51B in outstanding shares. The insiders’ percentage holdings are 0.21% of outstanding shares while the percentage share held by institutions stands at 18.61%. But the 6.92% upside, 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.
