HDFC Bank Ltd. ADR (NYSE: HDB) on Tuesday, plunged -0.40% from the previous trading day, before settling in for the closing price of $58.00. Within the past 52 weeks, HDB’s price has moved between $52.16 and $71.39.
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Annual sales at Financial sector company grew by 26.38% over the past five years. The company achieved an average annual earnings per share of 14.44%. With a float of $2.53 billion, this company’s outstanding shares have now reached $2.53 billion.
Let’s look at the performance matrix of the company that is accounted for 173222 employees.
HDFC Bank Ltd. ADR (HDB) Insider Updates
Observing investor behavior towards Banks – Regional industry stocks is more important than anything else. The insider ownership of HDFC Bank Ltd. ADR is 0.03%, while institutional ownership is 13.43%.
HDFC Bank Ltd. ADR (HDB) Performance Highlights and Predictions
As on 3/31/2024, Multinational firm has announced its last quarter scores, in which it reported 0.82 earnings per share (EPS) for the period topping the consensus outlook (set at 0.77) by 0.05. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.52 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 14.44% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 17.20% during the next five years compared to 12.89% growth over the previous five years of trading.
HDFC Bank Ltd. ADR (NYSE: HDB) Trading Performance Indicators
HDFC Bank Ltd. ADR (HDB) is currently performing well based on its current performance indicators. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.97.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 3.26, a number that is poised to hit 0.78 in the next quarter and is forecasted to reach 3.86 in one year’s time.
Technical Analysis of HDFC Bank Ltd. ADR (HDB)
HDFC Bank Ltd. ADR (NYSE: HDB) saw its 5-day average volume 2.0 million, a negative change from its year-to-date volume of 3.26 million. As of the previous 9 days, the stock’s Stochastic %D was 88.19%. Additionally, its Average True Range was 0.91.
During the past 100 days, HDFC Bank Ltd. ADR’s (HDB) raw stochastic average was set at 38.88%, which indicates a significant decrease from 80.46% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 15.08% in the past 14 days, which was lower than the 29.08% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $57.01, while its 200-day Moving Average is $59.03. Nevertheless, the first resistance level for the watch stands at $58.23 in the near term. At $58.68, the stock is likely to face the second major resistance level. The third major resistance level sits at $58.92. If the price goes on to break the first support level at $57.53, it is likely to go to the next support level at $57.29. Assuming the price breaks the second support level, the third support level stands at $56.84.
HDFC Bank Ltd. ADR (NYSE: HDB) Key Stats
Market capitalization of the company is 146.41 billion based on 1,859,914K outstanding shares. Right now, sales total 49,367 M and income totals 7,752 M. The company made 14,979 M in profit during its latest quarter, and 2,122 M in sales during its previous quarter.
