Are You Looking To Buy HSBC Holdings plc (HSBC)? First, Read This

HSBC Holdings plc (NYSE:HSBC) trading with an addition of $0.09 to $29.11 on Thursday, an upside of 0.31 percent. An average of 2,496,703 shares of common stock have been traded in the last five days. There was a gain of $1.04 in the past week, and it reached a new high 29 times over the past 12 months. The last 20 days have seen an average of 2,808,896 shares traded, while the 50-day average volume stands at 2,197,790.

HSBC stock has increased by 13.18% in the last month. The company shares reached their 1-month lowest point of $24.31 on 09/20/21. With the stock rallying to its 52-week high on 05/28/21, shares of the company touched a low of $19.02 and a high of $32.43 in 52 weeks. It has reached a new high 12 times so far this year and achieved 12.00% or $3.31 in price. In spite of this, the price is down -10.24% from the 52-week high.


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Valuation Metrics

HSBC Holdings plc (HSBC) has a trailing price-to-earnings (P/E) ratio of 12.81, which compares with the 16.80 for the broader industry and 12.84 for the sector. In the last five years, HSBC Holdings plc’s PE ratio has ranged between 33.07 and 10.45. The stock’s beta is 0.63. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 3.20, the price-to-book (PB) ratio at 0.67.

HSBC Holdings plc pays a $1.09 dividend per share annually. It offers a dividend yield of 3.74%. The company’s most recent quarterly dividend payment took place on Sep. 30, and it was $0.35 a share, representing a down of -112.86 from $0.7450 last year. Its latest decrease dividend $0.3950 reported on Tuesday August 3 2021. Dividends have grown by -100.00% each year over the last three years.

Further, the company has a long term debt to equity ratio of 0.60 and a total debt to equity ratio of 0.60 for the recent quarter. Its gross profit as reported stood at $27.58 billion compared to revenue of $41.76 billion.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. HSBC Holdings plc’s return on assets was 0.3% over the last five years. For the broader industry, ROE averaged 11.10 over the past year.

Technical Picture

From a technical analysis perspective, let’s take a brief look at HSBC Holdings plc (HSBC) price momentum. RSI 9-day as of the close on 13 October was 79.66%, suggesting the stock is Overbought, with historical volatility in this time frame at 17.28%.

As of today, HSBC’s price is $28.91 +3.69% or $1.04 from its 5-day moving average. HSBC is currently trading +14.63% higher than its 20-day SMA and -7.44% lower than its 100-day SMA. However, the stock’s current price level is +5.07% above the SMA50 and +13.17% above the SMA200.

The stochastic %K and %D were 92.11% and 90.69%, respectively, and the average true range (ATR) was 0.56. With the 14-day stochastic at 94.93% and the average true range at 0.56, the RSI (14) stands at 71.68%. The stock has reached 0.93 on the 9-day MACD Oscillator while the 14-day reading was at 1.61.

Analyst Ratings

UBS upgraded HSBC Holdings plc (NYSE: HSBC) to a a Buy rating in its most recent analyst report. Previously, the stock was rated as a a Neutral.The consensus rating for HSBC Holdings plc (HSBC) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell HSBC, while 2 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 2 others rate it as a “buy”.

What is HSBC’s price target for the next 12 months?

Analysts predict a range of price targets between $32.93 and $32.93, with a median target of $32.93. Taking a look at these predictions, the average price target given by analysts for HSBC Holdings plc (HSBC) stock is $32.93.

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