As of Friday close, HDFC Bank Limited’s (NYSE:HDB) stock was down -$0.52, moving down -0.88 percent to $58.87. The average number of shares traded per day over the past five days has been 4,870,340 shares. 1 time new highs have been achieved over the past 5 days, with a -$6.15 fall in that time frame. In the last twenty days, the average volume was 2,410,365, while in the previous 50 days, it was 2,069,442.
Since last month, HDB stock retreated -7.77%. Shares of the company fell to $58.68 on 09/22/23, the lowest level in the past month. A 52-week high of $71.76 was reached on 01/24/23 after having rallying from a 52-week low of $55.22. Since the beginning of this year, HDB’s stock price has dropped by -13.95% or -$9.54, and marked a new high 5 times. However, the stock has declined by -17.96% since its 52-week high.
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Valuation Metrics
The latest dividend of $0.5935 per share was paid out, which is 2.24% more than last year’s $0.5805. On Monday April 17 2023, a $0.0130 dividend increase was announced.
Financial Health
Based on annual data, HDB earned $11.12 billion in gross profit and brought in $20.56 billion in revenue.
In HDFC Bank Limited’s quarter-end financial report for June 29, it reported total debt of $25.0 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. While analysts expected HDFC Bank Limited to report $0.62 quarterly earnings, the actual figure was $0.67 per share, beating the consensus estimate by 8.10%.
Technical Picture
This quick technical analysis looks at HDFC Bank Limited’s (HDB) price momentum. With a historical volatility rate of 31.75%, the RSI 9-day stood at 23.68% on 22 September.
With respect to its five-day moving average, the current HDFC Bank Limited price is down by -9.46% percent or -$6.15. At present, HDB shares trade -6.63% below its 20-day simple moving average and -15.79% percent below its 100-day simple moving average. However, the stock is currently trading approximately -12.81% below its SMA50 and -13.92% below its SMA200.
Stochastic coefficient K was 9.50% and Stochastic coefficient D was 22.00%, while ATR was 1.26. Given the Stochastic reading of 2.52% for the 14-day period, the RSI (14) reading has been calculated as 28.80%. As of today, the MACD Oscillator reading stands at -3.76, while the 14-day reading stands at -4.01.
