HSBC Holdings plc (NYSE:HSBC) finished Wednesday with a subtraction of -$0.12 to close at $40.79, a downside of -0.29 percent. An average of 1,726,400 shares of common stock have been traded in the last five days. There was a gain of $0.13 in the past week, and it reached a new high 28 times over the past 12 months. The last 20 days have seen an average of 1,566,405 shares traded, while the 50-day average volume stands at 1,450,408.
HSBC stock has increased by 4.46% in the last month. The company shares reached their 1-month lowest point of $38.86 on 07/11/23. With the stock rallying to its 52-week high on 08/01/23, shares of the company touched a low of $24.77 and a high of $42.47 in 52 weeks. It has reached a new high 28 times so far this year and achieved 30.91% or $9.63 in price. In spite of this, the price is down -3.94% from the 52-week high.
Valuation Metrics
HSBC Holdings plc (HSBC) has a trailing price-to-earnings (P/E) ratio of 6.89. The stock’s beta is 0.63. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.98, the price-to-book (PB) ratio at 0.97.
The company has a payout ratio of 42.82%. The company’s most recent quarterly dividend payment was $0.50 a share, without any change from last year. Its latest decrease dividend $0.65 reported on Tuesday May 2 2023.
Financial Health
Further, the company has a long term debt to equity ratio of 0.66 and a total debt to equity ratio of 0.66 for the recent quarter. Its gross profit as reported stood at $32.61 billion compared to revenue of $55.06 billion.
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 09 August was 47.04%, suggesting the stock is Neutral, with historical volatility in this time frame at 25.23%.
As of today, HSBC’s price is $41.00 +0.32% or $0.13 from its 5-day moving average. HSBC is currently trading +1.75% higher than its 20-day SMA and +18.27% higher than its 100-day SMA. However, the stock’s current price level is +7.85% above the SMA50 and +53.23% above the SMA200.
The stochastic %K and %D were 32.08% and 30.80%, respectively, and the average true range (ATR) was 0.63. With the 14-day stochastic at 19.66% and the average true range at 0.60, the RSI (14) stands at 51.14%. The stock has reached -0.19 on the 9-day MACD Oscillator while the 14-day reading was at -0.27.
Analyst Ratings
JP Morgan upgraded HSBC Holdings plc (NYSE: HSBC) to a an Overweight rating in its most recent analyst report. Previously, the stock was rated as 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 1 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 2 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 $45.70 and $52.92, with a median target of $49.31. Taking a look at these predictions, the average price target given by analysts for HSBC Holdings plc (HSBC) stock is $49.31.
