HSBC Holdings plc (NYSE: HSBC) is -2.29% lower on its value in year-to-date trading and has touched a low of $24.40 and a high of $38.61 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The HSBC stock was last observed hovering at around $30.39 in the last trading session, with the day’s loss setting it -0.93% off its average median price target of $46.04 for the next 12 months. It is also 36.01% off the consensus price target high of $46.04 offered by 6 analysts, but current levels are 36.01% higher than the price target low of $46.04 for the same period.
Currently trading at $29.46, the stock is -4.21% and -6.72% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.85 million and changing -3.06% at the moment leaves the stock -9.44% off its SMA200. HSBC registered 20.10% gain for a year compared to 6-month loss of -13.63%.
The stock witnessed a -7.12% gain in the last 1 month and extending the period to 3 months gives it a -9.77%, and is -2.87% down 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 1.53% over the week and 1.54% over the month.
HSBC Holdings plc (HSBC) has around 218866 employees, a market worth around $118.00B and $39.08B in sales. Current P/E ratio is 8.72. Distance from 52-week low is 20.76% and -23.70% from its 52-week high. The company has generated returns on investments over the last 12 months (5.70%).
HSBC Holdings plc (HSBC) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for HSBC Holdings plc (HSBC) is a “Overweight”. 6 analysts offering their recommendations for the stock have an average rating of 1.00, where 1 rate it as a Hold and 1 think it is a “Overweight”. 3 of the analysts rate the stock as a “Buy”. 1 analysts have rated the stock as a Sell or Underperform.
HSBC Holdings plc is expected to release its quarterly report on 10/25/2022.The EPS is expected to grow by 222.50% this year
HSBC Holdings plc (HSBC) Top Institutional Holders
The shares outstanding are 3.99B, and float is at 3.98B with Short Float at 0.23%.
HSBC Holdings plc (HSBC): Who are the competitors?
The company’s main competitors (and peers) include Bank of America Corporation (BAC) that is trading -15.28% down over the past 12 months and The Toronto-Dominion Bank (TD) that is -0.19% lower over the same period. Banco Santander S.A. (SAN) is -26.25% down on the 1-year trading charts.