ICICI Bank Ltd. ADR (NYSE: IBN) is -5.46% lower on its value in year-to-date trading and has touched a low of $25.12 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 $28.16 in the last trading session, with the day’s gains setting it 0.07%.
Currently trading at $28.23, the stock is -1.79% and -3.55% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 5.54 million and changing 0.25% at the moment leaves the stock -2.69% off its SMA200. IBN registered 10.75% gain for a year compared to 6-month loss of 0.46%..
The stock witnessed a 2.21% gain in the last 1 month and extending the period to 3 months gives it a -5.14%, and is -3.19% 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 1.00% over the week and 0.99% over the month.
ICICI Bank Ltd. ADR (IBN) has around 187765 employees, a market worth around $99.69B and $33.70B in sales. Current P/E ratio is 17.59 and Fwd P/E is 17.10. Profit margin for the company is 17.45%. Distance from 52-week low is 12.36% and -12.17% from its 52-week high. The company has generated returns on investments over the last 12 months (9.87%).
with sales reaching $280.01B over the same period.The EPS is expected to grow by 9.02% this year, but quarterly earnings will post -32.37% year-over-year. Quarterly sales are estimated to grow 13.17% in year-over-year returns.
ICICI Bank Ltd. ADR (IBN) Top Institutional Holders
The shares outstanding are 3.53B, and float is at 3.53B with Short Float at 0.64%.
The top institutional shareholder in the company is MORGAN STANLEY with over 56.72 million shares valued at $1.63 billion. The investor’s holdings represent 1.6163% of the IBN Shares outstanding. As of 2024-06-30, the second largest holder is WCM INVESTMENT MANAGEMENT, LLC with 63.57 million shares valued at $1.84 billion to account for 0.9044 of the shares outstanding. The other top investors are GQG PARTNERS LLC which holds 56.46 million shares representing 0.8033% and valued at over $1.63 billion, while INVESCO LTD. holds 0.5792 of the shares totaling 20.33 million with a market value of $585.6 million.
ICICI Bank Ltd. ADR (IBN) Insider Activity
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