ICICI Bank Ltd. ADR (NYSE:IBN) traded at $27.56 at last check on Monday, April 29, made an upward move of 3.88% on its previous day’s price.
Looking at the stock we see that its previous close was $26.53. The company has a trailing 12-month PE ratio of 18.41. In terms of its 52-week price range, IBN has a high of $26.75 and a low of $21.89. The company’s stock has gained about 4.35% over that past 30 days.
ICICI Bank Ltd. ADR has a market cap of $96.80 billion. With its Forward Dividend at 0.19 and a yield of 0.70%, the company’s investors could be anxious for the IBN stock to gain ahead of the earnings release. Estimates by analysts give the company expected earnings per share (EPS) of $0.32, with the EPS growth for the year raised at $1.36 for 2024 and $1.43 for next year. These figures represent 14.30% and 5.10% growth in EPS for the two years respectively.
According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2024 is expected to hit $11.63 billion, or -31.10% down from figures reported last year.
On the other hand, looking at the outlook for the IBN stock, short term indicators assign the stock an average of 100% Buy, while medium term indicators assign it an average of 100% Buy. Long term indicators on average place the stock in the category of 100% Buy.
Looking further, we note that the PEG ratio for the IBN stock currently stands at 0.86, and the most recent price level today is 6.00% off its SMA20 and 6.32% from its 50-day simple moving average. The RSI (14) is pointing at 70.10 while the volatility over the past week is 1.03% and jumps to 1.14% over the past one month. The beta value is 1.02, while the average true range (ATR) is currently pointing at 0.40.
Coming back to ICICI Bank Ltd. ADR (NYSE:IBN), we note that the average 3-month trading volume was 5.31 million. Current shares outstanding are 3.51 billion.
The insiders hold 0.21% of the company’s shares while institutions hold 18.54%. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock 15.60% up in year-to-date price movement.
