-2.84% percent quarterly performance for ICICI Bank Ltd. ADR (IBN) is not indicative of the underlying story

On November 20, 2023, ICICI Bank Ltd. ADR (NYSE: IBN) opened at $22.19, higher 0.27% from the last session. During the day, the shares moved up to $22.29 and dropped to $22.135 before settling in for the closing price of $22.19. Price fluctuations for IBN have ranged from $19.34 to $24.80 over the past 52 weeks.

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Financial Sector giant saw their annual sales surged by 4.75% over the last five years. Company’s average yearly earnings per share was noted 18.16% at the time writing. With a float of $3.50 billion, this company’s outstanding shares have now reached $3.50 billion.

The firm has a total of 130542 workers. Let’s measure their productivity.

ICICI Bank Ltd. ADR (IBN) Insider Activity

A key investor’s attitude towards the stock of the Banks – Regional industry is another important factor to consider. The insider ownership of ICICI Bank Ltd. ADR is 0.21%, while institutional ownership is 18.64%.

ICICI Bank Ltd. ADR (IBN) Earnings and Forecasts

If we go through the results of last quarter, which was made public on 9/29/2023, the company posted $0.37 earnings per share (EPS) for the quarter, besting the agreed prediction (set at $0.31) by $0.06. This company achieved a net margin of +18.27 while generating a return on equity of 17.17. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.33 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around 18.16% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 21.30% during the next five years compared to 45.49% growth over the previous five years of trading.

ICICI Bank Ltd. ADR (NYSE: IBN) Trading Performance Indicators

Check out the current performance indicators for ICICI Bank Ltd. ADR (IBN). In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 3.04.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 1.37, a number that is poised to hit 0.33 in the next quarter and is forecasted to reach 1.44 in one year’s time.

Technical Analysis of ICICI Bank Ltd. ADR (IBN)

Analysing the last 5-days average volume posted by the [ICICI Bank Ltd. ADR, IBN], we can find that recorded value of 7.41 million was better than the volume posted last year of 4.96 million. As of the previous 9 days, the stock’s Stochastic %D was 20.79%. Additionally, its Average True Range was 0.30.

During the past 100 days, ICICI Bank Ltd. ADR’s (IBN) raw stochastic average was set at 12.37%, which indicates a significant decrease from 21.70% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 13.63% in the past 14 days, which was lower than the 16.45% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $22.78, while its 200-day Moving Average is $22.51. Now, the first resistance to watch is $22.32. This is followed by the second major resistance level at $22.38. The third major resistance level sits at $22.47. If the price goes on to break the first support level at $22.16, it is likely to go to the next support level at $22.07. Should the price break the second support level, the third support level stands at $22.00.

ICICI Bank Ltd. ADR (NYSE: IBN) Key Stats

There are currently 3,503,213K shares outstanding in the company with a market cap of 77.98 billion. Presently, the company’s annual sales total 23,272 M according to its annual income of 4,255 M. Last quarter, the company’s sales amounted to 6,932 M and its income totaled 1,318 M.


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