HSBC Holdings plc ADR (NYSE:HSBC) traded with an addition of $0.51 to $39.67 on Thursday, an upside of 1.32 percent. An average of 1,409,166 shares of common stock have been traded in the last five days. There was a gain of $0.41 in the past week, and it reached a new high 41 times over the past 12 months. The last 20 days have seen an average of 1,792,856 shares traded, while the 50-day average volume stands at 1,718,765.
HSBC stock has increased by 3.83% in the last month. The company shares reached their 1-month lowest point of $36.65 on 09/08/23. With the stock rallying to its 52-week high on 08/01/23, shares of the company touched a low of $24.77 and a high of $42.47 in 52 weeks. It has reached a new high 28 times so far this year and achieved 27.33% or $8.51 in price. In spite of this, the price is down -6.57% 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
HSBC Holdings plc ADR (HSBC) has a trailing price-to-earnings (P/E) ratio of 6.72, which compares with the N/A for the broader industry. The stock’s beta is 0.61. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 2.18, the price-to-book (PB) ratio at 0.95.
The company has a payout ratio of 42.59%. The company’s most recent quarterly dividend payment was $0.50 a share, without any change from last year. Its latest decrease dividend $0.65 reported on Tuesday May 2 2023.
Financial Health
Further, the company has a long term debt to equity ratio of 1.19 and a total debt to equity ratio of 2.48 for the recent quarter. Its gross profit as reported stood at $32.61 billion compared to revenue of $55.06 billion.
Technical Picture
From a technical analysis perspective, let’s take a brief look at HSBC Holdings plc ADR (HSBC) price momentum. RSI 9-day as of the close on 27 September was 64.17%, suggesting the stock is Neutral, with historical volatility in this time frame at 13.16%.
As of today, HSBC’s price is $39.35 +1.04% or $0.41 from its 5-day moving average. HSBC is currently trading +4.37% higher than its 20-day SMA and +3.85% higher than its 100-day SMA. However, the stock’s current price level is -2.75% below the SMA50 and +30.67% above the SMA200.
The stochastic %K and %D were 76.05% and 76.29%, respectively, and the average true range (ATR) was 0.55. With the 14-day stochastic at 86.00% and the average true range at 0.55, the RSI (14) stands at 59.58%. The stock has reached -0.02 on the 9-day MACD Oscillator while the 14-day reading was at 0.26.
Analyst Ratings
Goldman upgraded HSBC Holdings plc ADR (NYSE: HSBC) to a a Buy rating in its most recent analyst report. Previously, the stock was rated as a Neutral.
