August 04, 2022, HDFC Bank Limited (NYSE: HDB) trading session started at the price of $62.37, that was -1.05% drop from the session before. During the day, the shares moved up to $63.42 and dropped to $61.76 before settling in for the closing price of $63.09. A 52-week range for HDB has been $50.61 – $79.39.
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When this article was written, the company’s average yearly earnings per share was at 12.00%.
Let’s determine the extent of company efficiency that accounts for 141579 employees.
HDFC Bank Limited (HDB) Earnings and Forecasts
Going through the last 3-months fiscal report unveiled on the 12/30/2021, it has been observed that the corporation posted $0.76 earnings per share (EPS) during the time that was better than consensus figure (set at $0.74) by $0.02. This company achieved a net margin of +22.91 while generating a return on equity of 16.65. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.62 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 12.00% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 22.40% during the next five years compared to 14.05% growth over the previous five years of trading.
HDFC Bank Limited (NYSE: HDB) Trading Performance Indicators
You can see what HDFC Bank Limited (HDB) is doing with its current performance indicators. In the most recent quarter, the stock posted a price to sales ratio for the trailing twelve months stands at 0.13.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.41, a number that is poised to hit 0.67 in the next quarter and is forecasted to reach 3.10 in one year’s time.
Technical Analysis of HDFC Bank Limited (HDB)
Looking closely at HDFC Bank Limited (NYSE: HDB), its last 5-days average volume was 1.3 million, which is a drop from its year-to-date volume of 2.04 million. As of the previous 9 days, the stock’s Stochastic %D was 79.45%. Additionally, its Average True Range was 1.46.
During the past 100 days, HDFC Bank Limited’s (HDB) raw stochastic average was set at 58.89%, which indicates a significant decrease from 83.49% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 25.03% in the past 14 days, which was lower than the 37.62% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $57.58, while its 200-day Moving Average is $62.69. However, in the short run, HDFC Bank Limited’s stock first resistance to watch stands at $63.31. Second resistance stands at $64.20. The third major resistance level sits at $64.97. If the price goes on to break the first support level at $61.65, it is likely to go to the next support level at $60.88. Should the price break the second support level, the third support level stands at $59.99.
HDFC Bank Limited (NYSE: HDB) Key Stats
There are 1,837,592K outstanding shares of the company, which has a market capitalization of 114.08 billion. As of now, sales total 22,471 M while income totals 5,099 M. Its latest quarter income was 5,746 M while its last quarter net income were 1,245 M.