As of Friday close, ICICI Bank Limited’s (NYSE:IBN) stock was up $0.07, moving up 0.31 percent to $22.83. The average number of shares traded per day over the past five days has been 4,199,880 shares. 1 time new highs have been achieved over the past 5 days, with a -$1.06 fall in that time frame. In the last twenty days, the average volume was 3,677,330, while in the previous 50 days, it was 3,856,936.
Since last month, IBN stock retreated -3.18%. Shares of the company fell to $22.73 on 09/21/23, the lowest level in the past month. A 52-week high of $24.80 was reached on 07/26/23 after having rallying from a 52-week low of $19.34. Since the beginning of this year, IBN’s stock price has risen by 4.29% or $0.94, and marked a new high 19 times. However, the stock has declined by -7.94% since its 52-week high.
Valuation Metrics
Right now, ICICI Bank Limited (IBN) has a P/E ratio of about 18.08. The stock’s beta is 0.89. Besides these, the trailing price-to-sales (P/S) ratio of 5.01, the price-to-book (PB) ratio of 2.93.
The latest dividend of $0.1120 per share was paid out, which is -0.36% less than last year’s $0.1124. On Wednesday July 13 2022, a $0.0004 dividend decrease was announced.
Financial Health
According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 0.81, and the total debt-to-equity ratio was 0.81. In the year ended June 29, operating margins totaled 52.30%. Based on annual data, IBN earned $8.82 billion in gross profit and brought in $15.13 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 13.50%. Return on equity (ROE) for the past 12 months was 17.80%.
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 ICICI Bank Limited to report $0.31 quarterly earnings, the actual figure was $0.18 per share, beating the consensus estimate by -41.90%.
Technical Picture
This quick technical analysis looks at ICICI Bank Limited’s (IBN) price momentum. With a historical volatility rate of 17.35%, the RSI 9-day stood at 31.52% on 22 September.
With respect to its five-day moving average, the current ICICI Bank Limited price is down by -4.44% percent or -$1.06. At present, IBN shares trade -2.23% below its 20-day simple moving average and +0.48% percent above its 100-day simple moving average. However, the stock is currently trading approximately -2.44% below its SMA50 and -0.13% below its SMA200.
Stochastic coefficient K was 18.40% and Stochastic coefficient D was 41.79%, while ATR was 0.32. Given the Stochastic reading of 7.25% for the 14-day period, the RSI (14) reading has been calculated as 37.97%. As of today, the MACD Oscillator reading stands at -0.59, while the 14-day reading stands at -0.51.
Analyst Ratings
Bernstein upgraded its rating on ICICI Bank Limited (NYSE: IBN) to an Outperform in a note to investors on July 14, 2020. The analysts firm previously had a Mkt perform rating on the stock.ICICI Bank Limited (IBN) has been rated Buy by analysts. According to 0 brokerage firms, IBN is a sell, and 3 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 1 analyst rate ICICI Bank Limited stock as buy, with 39 recommending it as overweight.
With a median target price of $28.84, the current consensus forecast for the stock is $24.81 – $32.55. Based on these forecasts, analysts predict ICICI Bank Limited (IBN) will achieve an average price target of $28.79.
