ICICI Bank Ltd. ADR (NYSE: IBN) is -2.28% lower on its value in year-to-date trading and has touched a low of $23.54 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 $29.18 in the last trading session, with the day’s loss setting it 0.0%.
Currently trading at $29.18, the stock is 2.19% and -2.07% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 5.08 million and changing 0.00% at the moment leaves the stock 0.96% off its SMA200. IBN registered 18.62% gain for a year compared to 6-month gain of 4.89%. The firm has a 50-day simple moving average (SMA 50) of $29.8084 and a 200-day simple moving average (SMA200) of $28.88305.
The stock witnessed a -0.75% loss in the last 1 month and extending the period to 3 months gives it a -3.95%, and is 1.85% 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 0.76% over the week and 0.87% over the month.
ICICI Bank Ltd. ADR (IBN) has around 187765 employees, a market worth around $103.02B and $33.70B in sales. Current P/E ratio is 18.18 and Fwd P/E is 17.59. Profit margin for the company is 17.45%. Distance from 52-week low is 23.96% and -9.21% from its 52-week high. The company has generated returns on investments over the last 12 months (9.87%).
with sales reaching $274.96B over the same period.The EPS is expected to grow by 9.30% this year, but quarterly earnings will post -32.39% year-over-year. Quarterly sales are estimated to grow 10.98% in year-over-year returns.
The shares outstanding are 3.53B, and float is at 3.53B with Short Float at 0.70%.
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.
