HDFC Bank Ltd. ADR (NYSE:HDB) shares, rose in value, with the stock price down by -2.26% to the previous day’s close as strong demand from buyers drove the stock to $71.18.
Actively observing the price movement in the recent trading, the stock is buoying the session at $72.83. The PE ratio was 21.72 over 12-month period. Referring to stock’s 52-week performance, its high was $75.37, and the low was $54.99. On the whole, HDB has fluctuated by 11.56% over the past month.
With the market capitalization of HDFC Bank Ltd. ADR currently standing at about $181.65 billion, investors are eagerly awaiting this quarter’s results, scheduled for in June. The company’s Forward Dividend Ratio is 0.70, with its dividend yield at 0.98%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 3T, with a low estimate of 424.6B and a high estimate of 435.04B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 429.82B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that HDB’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium-term indicators have put the stock in the category of 100% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 1.59, with the price of HDB currently trading nearly -0.40% and 7.24% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 54.49, while the 7-day volatility ratio is showing 1.00% which for the 30-day chart, stands at 2.23%. Furthermore, HDFC Bank Ltd. ADR (HDB)’s beta value is 0.64, and its average true range (ATR) is 1.50.
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 -2.26% in today’s session so far, and over the past year, it grew by 22.56%%.
Data on historical trading for HDFC Bank Ltd. ADR (NYSE:HDB) indicates that the trading volumes over the past 3 months, they’ve averaged 3.15 million. According to company’s latest data on outstanding shares, there are 2.55 billion shares outstanding.
Nearly 0.08% of HDFC Bank Ltd. ADR’s shares belong to company insiders and institutional investors own 13.90% of the company’s shares. The stock has risen by 11.47% 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.
