The stock of HSBC Holdings plc (NYSE:HSBC) decreased by -$0.1 on Wednesday to $38.11, down -0.26 percent. The last five days have seen an average of 1,197,296 shares of common stock traded. 28 times new highs were reached in the current year, with a gain of $6.96. The average number of shares traded over the last 20 days was 1,696,459, while the average volume over the last 50 days totaled 1,535,092.
HSBC stock dropped -9.71% since last month. On 08/25/23, the company’s shares reached a one-month low of $37.31. The stock touched a high of $42.47 on 08/01/23, after rallying from a low of $24.77 in 52 weeks. The price of HSBC stock has risen by 22.30% or $6.96 this year, reaching a new high 28 times. Still, the stock price is down -10.26% from the 52-week high.
Valuation Metrics
HSBC Holdings plc (HSBC) has a trailing price-to-earnings (P/E) ratio of 6.44. Beta for the stock is 0.64. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 1.85, the price-to-book (PB) ratio of 0.91.
Company paid $0.50 per share in dividends, remained unchanged from $0.50 last year. A $0.65 dividend decrease was reported on Tuesday May 2 2023.
Financial Health
The company’s long-term debt to equity ratio for the recent quarter is 0.66, and the total debt to equity ratio is 0.66. Based on annual data, it had gross profit of $32.61 billion and revenue of $55.06 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. There was a 11.90% return on investment (ROI) in the past year.
Technical Picture
Here’s a quick look at HSBC Holdings plc’s (HSBC) price momentum from a technical perspective. As of 29 August, the RSI 9-day stood at 40.64%, suggesting the stock is Neutral, with a 10.35% historical volatility rate.
The stochastic %K and %D were 23.75% and 16.55% respectively, while the average true range (ATR) was 0.49. Based on the 14-day stochastic reading of 27.63%, the RSI (14) reading is 39.96%. On the 9-day MACD Oscillator, the stock is at 0.35, and the 14-day reading is at -0.06.
Analyst Ratings
HSBC Holdings plc (NYSE: HSBC) was downgraded by UBS to a a Neutral rating in its latest research report. The stock was previously rated as a a Buy.
What is HSBC’s price target for the next 12 months?
The current consensus forecast for the stock is between $45.70 and $52.92, with a median target price of $49.31. In analyzing these forecasts, the average price target given by analysts for HSBC Holdings plc (HSBC) is $49.31.
