Is Wall Street High Or Low On HDFC Bank Limited (HDB)?


HDFC Bank Limited (NYSE:HDB) finished Wednesday with a subtraction of -$1.54 to close at $63.84, a downside of -2.36 percent. An average of 1,743,240 shares of common stock have been traded in the last five days. There was a fall of -$3.98 in the past week, and it reached a new high 6 times over the past 12 months. The last 20 days have seen an average of 1,340,330 shares traded, while the 50-day average volume stands at 1,301,840.

HDB stock has increased by 2.75% in the last month. The company shares reached their 1-month lowest point of $60.40 on 08/29/22. With the stock rallying to its 52-week high on 01/14/22, shares of the company touched a low of $50.61 and a high of $78.43 in 52 weeks. It has reached a new high 8 times so far this year and lost -1.89% or -$1.23 in price. In spite of this, the price is down -18.60% from the 52-week high.

China Can't Stop US$0.25 Stock from Mining Ultra-Rare Metal

Here's one little-known company — trading undiscovered below 25-cents per share — that's advancing one of the largest and highest quality REE deposits in all of North America... and the Chinese can't do a damn thing about it! It's early stage... and that's excellent news for individual investors like you who have the foresight to act decisively on an emerging megatrend that's already being measured in the Tens of $Billions.

Simply click here and the name & trading symbol are yours.


Valuation Metrics

HDFC Bank Limited (HDB) has a trailing price-to-earnings (P/E) ratio of 24.49. The stock’s beta is 0.78. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 6.28, the price-to-book (PB) ratio at 3.76, and the price-to-cash flow ratio at 16.13.

The company’s most recent quarterly dividend payment was $0.5805 a share, representing a up of 11.21% from $0.5220 last year. Its latest increase dividend $0.0585 reported on Friday July 22 2022.

Financial Health

Further, the company has a long term debt to equity ratio of 0.62 and a total debt to equity ratio of 0.62 for the quarter ending June 29. Its gross profit as reported stood at $9.87 billion compared to revenue of $17.57 billion.

Earnings Surprise

For the three-month period that ended June 29, HDFC Bank Limited had $16.06 billion in total debt. The analyst consensus anticipated HDFC Bank Limited’s latest quarter earnings to come in at $0.62 per share, but it turned out to be $0.67, a 8.10% surprise. At the end of the quarter ending June 29, HDFC Bank Limited’s stock balance sheet showed total debt was $2.17 trillion.

Technical Picture

From a technical analysis perspective, let’s take a brief look at HDFC Bank Limited (HDB) price momentum. RSI 9-day as of the close on 21 September was 46.17%, suggesting the stock is Neutral, with historical volatility in this time frame at 32.43%.

As of today, HDB’s price is $65.43 -5.87% or -$3.98 from its 5-day moving average. HDB is currently trading +2.64% higher than its 20-day SMA and +13.47% higher than its 100-day SMA. However, the stock’s current price level is +8.81% above the SMA50 and -3.67% below the SMA200.

The stochastic %K and %D were 60.63% and 67.08%, respectively, and the average true range (ATR) was 1.57. With the 14-day stochastic at 42.86% and the average true range at 1.52, the RSI (14) stands at 50.10%. The stock has reached -0.46 on the 9-day MACD Oscillator while the 14-day reading was at 0.57.

Analyst Ratings

Bernstein downgraded HDFC Bank Limited (NYSE: HDB) to a a Mkt perform rating in its most recent analyst report. Previously, the stock was rated as an Outperform.


Please enter your comment!
Please enter your name here