ICICI Bank Limited (NYSE:IBN) finished Thursday with a subtraction of -$0.23 to close at $23.35, a downside of -0.98 percent. An average of 3,666,020 shares of common stock have been traded in the last five days. There was a gain of $0.48 in the past week, and it reached a new high 15 times over the past 12 months. The last 20 days have seen an average of 3,977,470 shares traded, while the 50-day average volume stands at 3,913,226.
IBN stock has decreased by -5.31% in the last month. The company shares reached their 1-month lowest point of $22.78 on 08/15/23. With the stock rallying to its 52-week high on 07/26/23, shares of the company touched a low of $19.34 and a high of $24.80 in 52 weeks. It has reached a new high 19 times so far this year and achieved 6.67% or $1.46 in price. In spite of this, the price is down -5.85% from the 52-week high.
Valuation Metrics
ICICI Bank Limited (IBN) has a trailing price-to-earnings (P/E) ratio of 18.52. The stock’s beta is 0.89. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 5.14, the price-to-book (PB) ratio at 3.00.
The company’s most recent quarterly dividend payment was $0.1120 a share, representing a down of -0.36% from $0.1124 last year. Its latest decrease dividend $0.0004 reported on Wednesday July 13 2022.
Financial Health
Further, the company has a long term debt to equity ratio of 0.81 and a total debt to equity ratio of 0.81 for the recent quarter. Its gross profit as reported stood at $8.82 billion compared to revenue of $15.13 billion.
Technical Picture
From a technical analysis perspective, let’s take a brief look at ICICI Bank Limited (IBN) price momentum. RSI 9-day as of the close on 24 August was 50.66%, suggesting the stock is Neutral, with historical volatility in this time frame at 18.69%.
As of today, IBN’s price is $23.17 +2.10% or $0.48 from its 5-day moving average. IBN is currently trading -3.39% lower than its 20-day SMA and +8.20% higher than its 100-day SMA. However, the stock’s current price level is +1.08% above the SMA50 and +4.06% above the SMA200.
The stochastic %K and %D were 47.99% and 32.71%, respectively, and the average true range (ATR) was 0.29. With the 14-day stochastic at 55.07% and the average true range at 0.29, the RSI (14) stands at 49.05%. The stock has reached 0.23 on the 9-day MACD Oscillator while the 14-day reading was at 0.06.
Analyst Ratings
Bernstein upgraded ICICI Bank Limited (NYSE: IBN) to a an Outperform rating in its most recent analyst report. Previously, the stock was rated as a Mkt perform.
