HSBC Holdings plc (NYSE:HSBC) saw a downside of -0.98% to close Tuesday at $37.38 after subtracting -$0.37 on the day. The 5-day average trading volume is 2,113,020 shares of the company’s common stock. It has gained $38.43 in the past week and touched a new high 2 times within the past 5 days. An average of 1,843,670 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,576,580.
HSBC’s 1-month performance is -9.64% or -$3.99 on its low of $37.32 reached on 08/18/23. The company’s shares have touched a 52-week low of $24.77 and high of $42.47, with the stock’s rally to the 52-week high happening on 08/01/23. YTD, HSBC has achieved 19.96% or $6.22 and has reached a new high 28 times. However, the current price is down -11.97% from the 52-week high price.
Valuation Metrics
HSBC stock has a beta of 0.64. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 1.82 while the price-to-book (PB) in the most recent quarter is 0.89.
The firm’s gross profit as reported stood at $32.61 billion against revenue of $55.06 billion.
Let’s look briefly at HSBC Holdings plc (HSBC) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 22 August was 20.28% to suggest the stock is trending oversold, with historical volatility in this time period at 11.18%.
The stock’s 5-day moving average is $37.74, reflecting a -3.21% or -$1.24 change from its current price. HSBC is currently trading -10.01% above its 20-day SMA, +9.23% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -2.78% and SMA200 by+43.22%.
Stochastic %K and %D was 6.06% and 4.79% and the average true range (ATR) pointed at 0.59. The RSI (14) points at 28.71%, while the 14-day stochastic is at 1.42% with the period’s ATR at 0.59. The stock’s 9-day MACD Oscillator is pointing at -1.03 and -1.87 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for HSBC Holdings plc (NYSE: HSBC), JP Morgan upgraded it to an Overweight rating. They previously had a Neutral rating on the stock. Analysts offering their rating for HSBC stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate HSBC as a “sell,”, while 1 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 2 rates the stock as overweight while 1 have offered a “buy” rating.
What is HSBC’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $45.70 and a high of $52.92, with their median price target at $49.31. Looking at these predictions, the average price target given by analysts is for HSBC Holdings plc (HSBC) stock is $49.31.
