HSBC Holdings plc (NYSE:HSBC) finished Friday with a subtraction of -$0.05 to close at $31.16, a downside of -0.16 percent. An average of 1,214,980 shares of common stock have been traded in the last five days. There was a gain of $0.38 in the past week, and it reached a new high 18 times over the past 12 months. The last 20 days have seen an average of 1,927,290 shares traded, while the 50-day average volume stands at 2,466,086.
HSBC stock has increased by 0.97% in the last month. The company shares reached their 1-month lowest point of $29.63 on 12/16/22. With the stock rallying to its 52-week high on 02/11/22, shares of the company touched a low of $24.77 and a high of $38.61 in 52 weeks. It has reached a new high 17 times so far this year and achieved 3.35% or $1.01 in price. In spite of this, the price is down -19.30% from the 52-week high.
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HSBC Holdings plc (HSBC) has a trailing price-to-earnings (P/E) ratio of 10.29. The stock’s beta is 0.60. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 3.03, the price-to-book (PB) ratio at 0.67.
The company’s most recent quarterly dividend payment was $0.45 a share, representing a down of -50.0% from $0.90 last year. Its latest decrease dividend $0.45 reported on Tuesday August 2 2022.
Further, the company has a long term debt to equity ratio of 0.49 and a total debt to equity ratio of 0.49 for the recent quarter. Its gross profit as reported stood at $26.49 billion compared to revenue of $36.19 billion.
The company posted a net income of $13.92 billion in the quarter, while revenues were grew 62.43%. At the end of the recent quarter, HSBC Holdings plc’s stock balance sheet showed total debt was $689.48 billion.
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 30 December was 67.75%, suggesting the stock is Neutral, with historical volatility in this time frame at 8.90%.
As of today, HSBC’s price is $31.08 +1.23% or $0.38 from its 5-day moving average. HSBC is currently trading +2.00% higher than its 20-day SMA and -6.85% lower than its 100-day SMA. However, the stock’s current price level is +16.97% above the SMA50 and -4.65% below the SMA200.
The stochastic %K and %D were 80.39% and 81.21%, respectively, and the average true range (ATR) was 0.41. With the 14-day stochastic at 81.82% and the average true range at 0.45, the RSI (14) stands at 65.48%. The stock has reached 0.30 on the 9-day MACD Oscillator while the 14-day reading was at 0.47.
Exane BNP Paribas upgraded HSBC Holdings plc (NYSE: HSBC) to a a Neutral rating in its most recent analyst report. Previously, the stock was rated as an Underperform. 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 1 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 3 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 $42.40 and $42.40, with a median target of $42.40. Taking a look at these predictions, the average price target given by analysts for HSBC Holdings plc (HSBC) stock is $42.40.