HSBC Holdings plc ADR (NYSE: HSBC) is 21.98% higher on its value in year-to-date trading and has touched a low of $36.08 and a high of $59.91 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 HSBC stock was last observed hovering at around $59.91 in the last trading session, with the day’s gains setting it 0.42%.
Currently trading at $60.33, the stock is 8.57% and 15.55% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.87 million and changing 0.70% at the moment leaves the stock 30.07% off its SMA200. HSBC registered 60.45% gain for a year compared to 6-month gain of 37.27%.
The stock witnessed a 14.54% loss in the last 1 month and extending the period to 3 months gives it a 30.25%, and is 8.31% 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 1.72% over the week and 1.17% over the month.
HSBC Holdings plc ADR (HSBC) has around 211000 employees, a market worth around $214.90B and $145.28B in sales. Current P/E ratio is 9.80 and Fwd P/E is 8.80. Profit margin for the company is 15.77%. Distance from 52-week low is 67.23% and 0.70% from its 52-week high. The company has generated returns on investments over the last 12 months (7.99%).
The EPS is expected to shrink by -1.06% this year.
HSBC Holdings plc ADR (HSBC) Top Institutional Holders
The shares outstanding are 3.59B, and float is at 3.56B with Short Float at 0.20%.
The top institutional shareholder in the company is DIMENSIONAL FUND ADVISORS LP with over 11.16 million shares valued at $485.45 million. The investor’s holdings represent 0.2986% of the HSBC Shares outstanding. As of 2024-06-30, the second largest holder is MORGAN STANLEY with 6.45 million shares valued at $280.6 million to account for 0.1726 of the shares outstanding. The other top investors are GOLDMAN SACHS GROUP INC which holds 5.75 million shares representing 0.1539% and valued at over $250.26 million, while BANK OF AMERICA CORP /DE/ holds 0.0754 of the shares totaling 2.82 million with a market value of $122.66 million.
HSBC Holdings plc ADR (HSBC) Insider Activity
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HSBC Holdings plc ADR (HSBC): Who are the competitors?
The company’s main competitors (and peers) include Bank of America Corp. (BAC) that is trading 29.62% up over the past 12 months. Toronto-Dominion Bank (TD) that is 0.81% higher over the same period.
