HSBC Holdings plc ADR (NYSE:HSBC) saw a downside of -0.34% to $39.40 after subtracting -$0.14 on Monday. The 5-day average trading volume is 1,487,188 shares of the company’s common stock. It has gained $40.05 in the past week and touched a new high 3 times within the past 5 days. An average of 1,804,177 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,730,133.
HSBC’s 1-month performance is 4.94% or $1.90 on its low of $36.65 reached on 09/08/23. The company’s shares have touched a 52-week low of $24.77 and high of $42.47, with the stock’s rally to the 52-week high happening on 08/01/23. YTD, HSBC has achieved 26.46% or $8.24 and has reached a new high 28 times. However, the current price is down -7.21% from the 52-week high price.
Valuation Metrics
HSBC stock has a beta of 0.61. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 2.16 while the price-to-book (PB) in the most recent quarter is 0.95.
The firm’s gross profit as reported stood at $32.61 billion against revenue of $55.06 billion.
Let’s look briefly at HSBC Holdings plc ADR (HSBC) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 22 September was 63.05% to suggest the stock is trending Neutral, with historical volatility in this time period at 15.34%.
The stock’s 5-day moving average is $39.35, reflecting a +0.99% or $0.38 change from its current price. HSBC is currently trading +5.05% above its 20-day SMA, +6.30% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -2.37% and SMA200 by+29.75%.
Stochastic %K and %D was 83.52% and 84.20% and the average true range (ATR) pointed at 0.57. The RSI (14) points at 58.11%, while the 14-day stochastic is at 81.05% with the period’s ATR at 0.57. The stock’s 9-day MACD Oscillator is pointing at 0.18 and 0.89 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for HSBC Holdings plc ADR (NYSE: HSBC), Goldman upgraded it to a Buy rating. They previously had a Neutral rating on the stock. Analysts offering their rating for HSBC stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate HSBC as a “sell,”, while 1 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 1 rates the stock as overweight while 2 have offered a “buy” rating.
What is HSBC’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $45.70 and a high of $52.92, with their median price target at $49.31. Looking at these predictions, the average price target given by analysts is for HSBC Holdings plc ADR (HSBC) stock is $49.31.
