A new trading day began on Friday, with ICICI Bank Ltd. ADR (NYSE: IBN) stock price down -0.30% from the previous day of trading, before settling in for the closing price of $29.57. IBN’s price has ranged from $21.89 to $31.60 over the past 52 weeks.
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During the last 5-year period, the sales growth of Financial Sector giant was 9.09%. Meanwhile, its annual earnings per share averaged 10.09%. With a float of $3.52 billion, this company’s outstanding shares have now reached $3.52 billion.
In terms of profitability, gross margin is 100.0%, operating margin of 21.11%, and the pretax margin is 29.9%.
ICICI Bank Ltd. ADR (IBN) Insider Activity
As we move forward, let’s examine how large-scale investors are investing in this stock of the Banks – Regional Industry. The insider ownership of ICICI Bank Ltd. ADR is 0.00%, while institutional ownership is 18.86%.
ICICI Bank Ltd. ADR (IBN) Earnings and Forecasts
In its latest quarterly report, released on 6/30/2024, the company reported earnings of 0.37 per share, which was $0.1 higher than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.37 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 10.09% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 9.13% during the next five years compared to 74.44% growth over the previous five years of trading.
ICICI Bank Ltd. ADR (NYSE: IBN) Trading Performance Indicators
Here are ICICI Bank Ltd. ADR’s current performance indicators. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 3.25.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 1.59, a number that is poised to hit 0.38 in the next quarter and is forecasted to reach 1.72 in one year’s time.
Technical Analysis of ICICI Bank Ltd. ADR (IBN)
Looking closely at ICICI Bank Ltd. ADR (NYSE: IBN), its last 5-days average volume was 4.88 million, which is a drop from its year-to-date volume of 5.54 million. As of the previous 9 days, the stock’s Stochastic %D was 70.30%. Additionally, its Average True Range was 0.41.
During the past 100 days, ICICI Bank Ltd. ADR’s (IBN) raw stochastic average was set at 62.41%, which indicates a significant decrease from 67.23% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 20.26% in the past 14 days, which was higher than the 18.55% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $29.47, while its 200-day Moving Average is $27.32. However, in the short run, ICICI Bank Ltd. ADR’s stock first resistance to watch stands at $29.62. Second resistance stands at $29.76. The third major resistance level sits at $29.84. If the price goes on to break the first support level at $29.40, it is likely to go to the next support level at $29.32. Should the price break the second support level, the third support level stands at $29.18.
ICICI Bank Ltd. ADR (NYSE: IBN) Key Stats
With a market capitalization of 103.89 billion, the company has a total of 3,517,881K Shares Outstanding. Currently, annual sales are 28,561 M while annual income is 5,355 M. The company’s previous quarter sales were 8,072 M while its latest quarter income was 1,404 M.
