HSBC Holdings plc (NYSE:HSBC) finished Friday with a subtraction of -$0.04 to close at $37.51, a downside of -0.11 percent. An average of 1,536,320 shares of common stock have been traded in the last five days. There was a fall of -$0.15 in the past week, and it reached a new high 30 times over the past 12 months. The last 20 days have seen an average of 1,818,070 shares traded, while the 50-day average volume stands at 1,559,318.
HSBC stock has decreased by -9.00% in the last month. The company shares reached their 1-month lowest point of $37.31 on 08/25/23. 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 20.38% or $6.35 in price. In spite of this, the price is down -11.67% from the 52-week high.
Valuation Metrics
HSBC Holdings plc (HSBC) has a trailing price-to-earnings (P/E) ratio of 6.34. The stock’s beta is 0.65. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.82, the price-to-book (PB) ratio at 0.90.
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 25 August was 24.84%, suggesting the stock is oversold, with historical volatility in this time frame at 15.50%.
As of today, HSBC’s price is $37.56 -0.40% or -$0.15 from its 5-day moving average. HSBC is currently trading -10.11% lower than its 20-day SMA and +8.04% higher than its 100-day SMA. However, the stock’s current price level is -2.95% below the SMA50 and +36.00% above the SMA200.
The stochastic %K and %D were 5.93% and 5.55%, respectively, and the average true range (ATR) was 0.53. With the 14-day stochastic at 5.50% and the average true range at 0.55, the RSI (14) stands at 31.11%. The stock has reached -0.22 on the 9-day MACD Oscillator while the 14-day reading was at -1.16.
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 1 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.
