The price-to-earnings ratio for ICICI Bank Limited (NYSE: IBN) is 19.61x, which is above its average ratio. Moreover, the 36-month beta value for IBN is 0.92. Analysts have varying opinions on the stock, with 41 analysts rating it as a “buy,” 1 as “overweight,” 2 as “hold,” and 0 as “sell.”
The average price recommended by analysts for ICICI Bank Limited (IBN) is $27.44, which is $6.28 above the current market price. The public float for IBN is 3.39B and currently, short sellers hold a 0.48% of that float. On May 25, 2023, IBN’s average trading volume was 4.77M shares.
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IBN) stock’s latest price update
ICICI Bank Limited (NYSE: IBN)’s stock price has gone decline by -0.57 in comparison to its previous close of 22.82, however, the company has experienced a -1.22% decrease in its stock price over the last five trading days.
IBN’s Market Performance
IBN’s stock has fallen by -1.22% in the past week, with a monthly rise of 1.89% and a quarterly rise of 11.28%. The volatility ratio for the week is 0.65% while the volatility levels for the last 30 days are 0.96% for ICICI Bank Limited The simple moving average for the last 20 days is -0.59% for IBN’s stock, with a simple moving average of 4.00% for the last 200 days.
IBN Trading at 3.52% from the 50-Day Moving Average
After a stumble in the market that brought IBN to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -4.46% of loss for the given period.
Volatility was left at 0.96%, however, over the last 30 days, the volatility rate increased by 0.65%, as shares surge +1.84% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +11.12% upper at present.
During the last 5 trading sessions, IBN fell by -1.22%, which changed the moving average for the period of 200-days by +6.68% in comparison to the 20-day moving average, which settled at $22.85. In addition, ICICI Bank Limited saw 3.65% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for IBN
Current profitability levels for the company are sitting at:
- +24.85 for the present operating margin
The net margin for ICICI Bank Limited stands at +18.28. Equity return is now at value 15.40, with 1.60 for asset returns.
Conclusion
To wrap up, the performance of ICICI Bank Limited (IBN) has been better in recent times. The stock has received a bullish of “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
