At the last check on Thursday, HSBC Holdings plc’s (NYSE:HSBC) stock was up $0.33, moving up 0.83 percent to $39.44. The average number of shares traded per day over the past five days has been 1,452,353 shares. 2 times new highs have been achieved over the past 5 days, with a $0.11 gain in that time frame. In the last twenty days, the average volume was 1,736,253, while in the previous 50 days, it was 1,707,277.
Since last month, HSBC stock rose 5.50%. Shares of the company fell to $36.65 on 09/08/23, the lowest level in the past month. A 52-week high of $42.47 was reached on 08/01/23 after having rallying from a 52-week low of $24.77. Since the beginning of this year, HSBC’s stock price has risen by 26.56% or $8.32, and marked a new high 28 times. However, the stock has declined by -7.14% since its 52-week high.
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Valuation Metrics
Right now, HSBC Holdings plc (HSBC) has a P/E ratio of about 6.66. The stock’s beta is 0.63. Besides these, the trailing price-to-sales (P/S) ratio of 1.90, the price-to-book (PB) ratio of 0.94.
The latest dividend of $0.50 per share was paid out, remained unchanged from last year’s $0.50. On Tuesday May 2 2023, a $0.65 dividend decrease was announced.
Financial Health
According to company report, the long-term debt-to-equity ratio for the recent quarter was 0.66, and the total debt-to-equity ratio was 0.66. Based on annual data, HSBC earned $32.61 billion in gross profit and brought in $55.06 billion in revenue.
Technical Picture
This quick technical analysis looks at HSBC Holdings plc’s (HSBC) price momentum. With a historical volatility rate of 14.68%, the RSI 9-day stood at 65.27% on 20 September.
With respect to its five-day moving average, the current HSBC Holdings plc price is up by +0.28% percent or $0.11. At present, HSBC shares trade +4.97% above its 20-day simple moving average and +9.51% percent above its 100-day simple moving average. However, the stock is currently trading approximately -1.52% below its SMA50 and +29.10% above its SMA200.
Stochastic coefficient K was 88.40% and Stochastic coefficient D was 86.65%, while ATR was 0.56. Given the Stochastic reading of 91.60% for the 14-day period, the RSI (14) reading has been calculated as 59.24%. As of today, the MACD Oscillator reading stands at 0.50, while the 14-day reading stands at 1.12.
Analyst Ratings
Goldman upgraded its rating on HSBC Holdings plc (NYSE: HSBC) to a Buy in a note to investors on September 12, 2023. The analysts firm previously had a Neutral rating on the stock.HSBC Holdings plc (HSBC) has been rated Overweight by analysts. According to 0 brokerage firms, HSBC is a sell, and 1 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 1 analyst rate HSBC Holdings plc stock as buy, with 2 recommending it as overweight.
With a median target price of $49.31, the current consensus forecast for the stock is $45.70 – $52.92. Based on these forecasts, analysts predict HSBC Holdings plc (HSBC) will achieve an average price target of $49.31.
