ICICI Bank Ltd. ADR (NYSE: IBN) is -0.07% 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 $29.29 in the last trading session, with the day’s gains setting it 0.55%.
Currently trading at $29.84, the stock is 5.25% and 4.40% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 8.14 million and changing 1.88% at the moment leaves the stock 2.50% off its SMA200. IBN registered 14.50% gain for a year compared to 6-month loss of 0.74%. The firm has a 50-day simple moving average (SMA 50) of $28.582 and a 200-day simple moving average (SMA200) of $29.11135.
The stock witnessed a 2.37% gain in the last 1 month and extending the period to 3 months gives it a -4.33%, and is 6.23% 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 1.41% over the week and 1.22% over the month.
ICICI Bank Ltd. ADR (IBN) has around 187765 employees, a market worth around $105.40B and $33.70B in sales. Current P/E ratio is 18.59 and Fwd P/E is 18.06. Profit margin for the company is 17.45%. Distance from 52-week low is 18.77% and -7.16% 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 8.93% 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
825.0 institutions hold shares in ICICI Bank Ltd. ADR (IBN), with institutional investors hold 18.88% of the company’s shares. The shares outstanding are 3.53B, and float is at 3.53B with Short Float at 0.70%. Institutions hold 18.85% of the Float.
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 0.9044% 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 0.8069 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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