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.
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.
