Dr. Reddy’s Laboratories Ltd. ADR (NYSE: RDY) is -19.76% lower on its value in year-to-date trading and has touched a low of $12.50 and a high of $16.89 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 RDY stock was last observed hovering at around $12.53 in the last trading session, with the day’s gains setting it 0.14%.
Currently trading at $12.67, the stock is -3.16% and -9.41% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.61 million and changing 1.12% at the moment leaves the stock -15.58% off its SMA200. RDY registered -18.00% loss for a year compared to 6-month loss of -19.70%. The firm has a 50-day simple moving average (SMA 50) of $13.9856 and a 200-day simple moving average (SMA200) of $15.00783.
The stock witnessed a -8.25% gain in the last 1 month and extending the period to 3 months gives it a -12.44%, and is -2.46% 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 1.35% over the week and 1.35% over the month.
Dr. Reddy’s Laboratories Ltd. ADR (RDY) has around 27048 employees, a market worth around $10.56B and $3.72B in sales. Current P/E ratio is 16.48 and Fwd P/E is 15.77. Profit margin for the company is 17.25%. Distance from 52-week low is 1.36% and -24.99% from its 52-week high. The company has generated returns on investments over the last 12 months (16.88%).
The EPS is expected to shrink by -1.56% this year
328.0 institutions hold shares in Dr. Reddy’s Laboratories Ltd. ADR (RDY), with institutional investors hold 15.03% of the company’s shares. The shares outstanding are 834.42M, and float is at 833.08M with Short Float at 2.19%. Institutions hold 15.03% of the Float.
The top institutional shareholder in the company is JPMORGAN CHASE & CO with over 0.64 million shares valued at $48.67 million. The investor’s holdings represent 1.9149 of the RDY Shares outstanding. As of 2024-06-30, the second largest holder is ROBECO INSTITUTIONAL ASSET MANAGEMENT B.V. with 2.07 million shares valued at $157.65 million to account for 1.2406 of the shares outstanding. The other top investors are ROYAL BANK OF CANADA which holds 2.06 million shares representing 1.2345 and valued at over $156.61 million, while MORGAN STANLEY holds 1.2191 of the shares totaling 2.03 million with a market value of $154.67 million.
