ICICI Bank Ltd. ADR (NYSE: IBN) is 27.98% higher on its value in year-to-date trading and has touched a low of $23.16 and a high of $32.14 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 IBN stock was last observed hovering at around $30.52 in the last trading session, with the day’s loss setting it -0.01%.
Currently trading at $30.51, the stock is -1.07% and 0.36% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.12 million and changing -0.03% at the moment leaves the stock 6.97% off its SMA200. IBN registered 27.76% gain for a year compared to 6-month gain of 5.17%. The firm has a 50-day simple moving average (SMA 50) of $30.3752 and a 200-day simple moving average (SMA200) of $28.50075.
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The stock witnessed a -2.18% loss in the last 1 month and extending the period to 3 months gives it a -2.46%, and is 1.33% 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 1.07% over the week and 1.17% over the month.
ICICI Bank Ltd. ADR (IBN) has around 187765 employees, a market worth around $107.67B and $32.00B in sales. Current P/E ratio is 19.23 and Fwd P/E is 17.82. Profit margin for the company is 17.75%. Distance from 52-week low is 31.76% and -5.07% from its 52-week high. The company has generated returns on investments over the last 12 months (9.52%).
with sales reaching $277.01B over the same period.The EPS is expected to grow by 10.69% this year, but quarterly earnings will post -31.57% year-over-year. Quarterly sales are estimated to grow 11.81% in year-over-year returns.
The shares outstanding are 3.53B, and float is at 3.53B with Short Float at 0.73%.
The top institutional shareholder in the company is WCM INVESTMENT MANAGEMENT, LLC with over 63.57 million shares valued at $1.84 billion. The investor’s holdings represent 1.8115 of the IBN Shares outstanding. As of 2024-06-30, the second largest holder is MORGAN STANLEY with 56.72 million shares valued at $1.63 billion to account for 1.6163 of the shares outstanding. The other top investors are GQG PARTNERS LLC which holds 56.46 million shares representing 1.6089 and valued at over $1.63 billion, while TEMASEK HOLDINGS (PRIVATE) LTD holds 0.8153 of the shares totaling 28.61 million with a market value of $824.27 million.
