The Stock Of The Week: HSBC Holdings plc (HSBC)


As of Friday close, HSBC Holdings plc’s (NYSE:HSBC) stock was down -$1.41, moving down -4.09 percent to $33.08. The average number of shares traded per day over the past five days has been 5,619,260 shares. 2 times new highs have been achieved over the past 5 days, with a -$2.23 fall in that time frame. In the last twenty days, the average volume was 3,343,250, while in the previous 50 days, it was 2,618,204.

Since last month, HSBC stock retreated -10.30%. Shares of the company fell to $32.84 on 03/17/23, the lowest level in the past month. A 52-week high of $39.63 was reached on 02/21/23 after having rallying from a 52-week low of $24.77. Since the beginning of this year, HSBC’s stock price has risen by 6.16% or $1.92, and marked a new high 16 times. However, the stock has declined by -16.53% since its 52-week high.

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Valuation Metrics

Right now, HSBC Holdings plc (HSBC) has a P/E ratio of about 8.93. The stock’s beta is 0.61. Besides these, the trailing price-to-sales (P/S) ratio of 2.50, the price-to-book (PB) ratio of 0.78.

The latest dividend of $1.15 per share was paid out, which is 155.56% more than last year’s $0.45. On Tuesday February 21 2023, a $0.70 dividend increase was announced.

Financial Health

According to company report, the long-term debt-to-equity ratio for the recent quarter was 0.62, and the total debt-to-equity ratio was 0.62. Based on annual data, HSBC earned $32.61 billion in gross profit and brought in $55.06 billion in revenue.

Technical Picture

This quick technical analysis looks at HSBC Holdings plc’s (HSBC) price momentum. With a historical volatility rate of 34.70%, the RSI 9-day stood at 26.38% on 17 March.

With respect to its five-day moving average, the current HSBC Holdings plc price is down by -6.32% percent or -$2.23. At present, HSBC shares trade -10.84% below its 20-day simple moving average and +21.53% percent above its 100-day simple moving average. However, the stock is currently trading approximately +1.22% above its SMA50 and -1.14% below its SMA200.

Stochastic coefficient K was 15.83% and Stochastic coefficient D was 17.59%, while ATR was 1.05. Given the Stochastic reading of 4.17% for the 14-day period, the RSI (14) reading has been calculated as 31.35%. As of today, the MACD Oscillator reading stands at -1.49, while the 14-day reading stands at -2.32.

Analyst Ratings

Jefferies upgraded its rating on HSBC Holdings plc (NYSE: HSBC) to a Buy in a note to investors on January 05, 2023. The analysts firm previously had a Hold rating on the stock.HSBC Holdings plc (HSBC) has been rated Buy by analysts. According to 0 brokerage firms, HSBC is a sell, and 0 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 1 analyst rate HSBC Holdings plc stock as buy, with 4 recommending it as overweight.

With a median target price of $44.74, the current consensus forecast for the stock is $44.74 – $44.74. Based on these forecasts, analysts predict HSBC Holdings plc (HSBC) will achieve an average price target of $44.74.


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