The stock of HDFC Bank Limited (NYSE:HDB) decreased by -$0.46 on Tuesday to finish at $62.94, down -0.73 percent. The last five days have seen an average of 2,015,600 shares of common stock traded. 5 times new highs were reached in the current year, with a fall of -$5.47. The average number of shares traded over the last 20 days was 1,679,590, while the average volume over the last 50 days totaled 1,758,566.
HDB stock appreciated 0.14% since last month. On 08/31/23, the company’s shares reached a one-month low of $62.28. The stock touched a high of $71.76 on 01/24/23, after rallying from a low of $55.22 in 52 weeks. The price of HDB stock has declined by -8.00% or -$5.47 this year, reaching a new high 5 times. Still, the stock price is down -12.29% from the 52-week high.
Top 5 AI Stocks to Buy for 2023
The artificial intelligence (AI) revolution is already here. And it's about to change everything we know about everything.
According to Grand View Research, the global AI boom could grow from about $137 billion in 2022 to more than $1.81 trillion by 2030. And investors like you always want to get in on the hottest stocks of tomorrow. Here are five of the best ways to profit from the AI boom.
Click Here to Download the FREE Report.
Sponsored
Valuation Metrics
Company paid $0.5935 per share in dividends, an increase of 2.24% from $0.5805 last year. A $0.0130 dividend increase was reported on Monday April 17 2023.
Financial Health
Based on annual data, it had gross profit of $11.12 billion and revenue of $20.56 billion.
Earnings Surprise
According to HDFC Bank Limited’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. It was predicted that HDFC Bank Limited’s quarterly earnings would be $0.67, but it ended up being $0.62, beating the consensus by 8.10%. At the end of HDFC Bank Limited’s most recent quarter ended June 29, its total debt was $2.64 trillion.
Technical Picture
Here’s a quick look at HDFC Bank Limited’s (HDB) price momentum from a technical perspective. As of 19 September, the RSI 9-day stood at 38.71%, suggesting the stock is Neutral, with a 21.74% historical volatility rate.
The stochastic %K and %D were 38.34% and 63.23% respectively, while the average true range (ATR) was 1.03. Based on the 14-day stochastic reading of 16.79%, the RSI (14) reading is 41.16%. On the 9-day MACD Oscillator, the stock is at -0.81, and the 14-day reading is at -0.17.
Analyst Ratings
HDFC Bank Limited (NYSE: HDB) was downgraded by Bernstein to a a Mkt perform rating in its latest research report. The stock was previously rated as a an Outperform. Analysts have assigned HDFC Bank Limited (HDB) an Buy rating. HDB is a stock that is recommended for selling by 0 brokerage firms, while 2 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 4 rates it overweight and 37 others recommend it as a buy.
What is HDB’s price target for the next 12 months?
The current consensus forecast for the stock is between $60.96 and $84.07, with a median target price of $73.12. In analyzing these forecasts, the average price target given by analysts for HDFC Bank Limited (HDB) is $72.89.
