ICICI Bank Ltd. ADR (NYSE: IBN) is -5.19% lower 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 make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The IBN stock was last observed hovering at around $28.52 in the last trading session, with the day’s loss setting it -0.21%.
Currently trading at $28.31, the stock is -5.87% and -6.66% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.6 million and changing -0.74% at the moment leaves the stock -1.36% off its SMA200. IBN registered 18.16% gain for a year compared to 6-month gain of -2.98%. The firm has a 50-day simple moving average (SMA 50) of $30.3886 and a 200-day simple moving average (SMA200) of $28.6878.
The stock witnessed a -8.85% loss in the last 1 month and extending the period to 3 months gives it a -3.05%, and is -3.71% 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 0.96% over the week and 0.99% over the month.
ICICI Bank Ltd. ADR (IBN) has around 187765 employees, a market worth around $99.93B and $32.00B in sales. Current P/E ratio is 17.84 and Fwd P/E is 16.63. Profit margin for the company is 17.75%. Distance from 52-week low is 22.26% and -11.92% from its 52-week high. The company has generated returns on investments over the last 12 months (9.52%).
The EPS is expected to grow by 10.35% this year.
ICICI Bank Ltd. ADR (IBN) Top Institutional Holders
The shares outstanding are 3.53B, and float is at 3.53B with Short Float at 0.69%.
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.
ICICI Bank Ltd. ADR (IBN) Insider Activity
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