Why HSBC Holdings plc (HSBC) Stock Could See Much Higher Prices Ahead

HSBC Holdings plc (NYSE: HSBC) is 15.21% higher on its value in year-to-date trading and has touched a low of $17.95 and a high of $35.87 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The HSBC stock was last observed hovering at around $29.98 in the last trading session, with the day’s loss setting it -0.13% off its average median price target of $29.03 for the next 12 months. It is also -2.82% off the consensus price target high of $29.03 offered by 2 analysts, but current levels are -2.82% lower than the price target low of $29.03 for the same period.

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Currently trading at $29.85, the stock is 7.79% and 9.75% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.71 million and changing -0.43% at the moment leaves the stock 24.60% off its SMA200. HSBC registered -15.92% loss for a year compared to 6-month gain of 37.94%. The firm has a 50-day simple moving average (SMA 50) of $27.70 and a 200-day simple moving average (SMA200) of $23.96.

The stock witnessed a 7.30% loss in the last 1 month and extending the period to 3 months gives it a 17.61%, and is 0.27% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.55% over the week and 1.35% over the month.

HSBC Holdings plc (HSBC) has around 230317 employees, a market worth around $119.44B and $48.83B in sales. Fwd P/E is 28.70. Profit margin for the company is 10.50%. Distance from 52-week low is 66.30% and -16.78% from its 52-week high. The company has generated returns on investments over the last 12 months (3.70%).

HSBC Holdings plc (HSBC) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for HSBC Holdings plc (HSBC) is a “Hold”. 2 analysts offering their recommendations for the stock have an average rating of 3.00, where 2 rate it as a Hold and 0 think it is a “Overweight”. 0 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.

HSBC Holdings plc is expected to release its quarterly report on 05/04/2021 and quarterly earnings per share for the current quarter are estimated at $0.The EPS is expected to shrink by -53.20% this year.

HSBC Holdings plc (HSBC) Top Institutional Holders

283 institutions hold shares in HSBC Holdings plc (HSBC), with institutional investors hold 1.49% of the company’s shares. The shares outstanding are 4.07B, and float is at 4.06B with Short Float at 0.20%. Institutions hold 1.49% of the Float.

The top institutional shareholder in the company is Dimensional Fund Advisors LP with over 9.81 million shares valued at $254.29 million. The investor’s holdings represent 0.24% of the HSBC Shares outstanding. As of Dec 30, 2020, the second largest holder is Renaissance Technologies, LLC with 7.67 million shares valued at $198.69 million to account for 0.19% of the shares outstanding. The other top investors are JP Morgan Chase & Company which holds 4.06 million shares representing 0.10% and valued at over $105.25 million, while Credit Suisse Ag/ holds 0.10% of the shares totaling 4.01 million with a market value of $104.02 million.

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HSBC Holdings plc (HSBC): Who are the competitors?

The company’s main competitors (and peers) include Bank of America Corporation (BAC) that is trading 8.52% up over the past 12 months. Banco Santander S.A. (SAN) is -1.50% down on the 1-year trading charts. Short interest in the company’s stock has fallen -28.73% from the last report on Dec 30, 2020 to stand at a total of 10.44 million short shares sold with a short interest ratio of 3.61.

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