HDFC Bank Limited (NYSE: HDB)’s stock price has gone decline by -0.92 in comparison to its previous close of 64.98, however, the company has experienced a -3.43% decrease in its stock price over the last five trading days.
Is It Worth Investing in HDFC Bank Limited (NYSE: HDB) Right Now?
HDFC Bank Limited (NYSE: HDB) has a higher price-to-earnings ratio of 25.59x compared to its average ratio, and the 36-month beta value for HDB is at 0.74.
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The average price suggested by analysts for HDB is $72.32, which is $15.62 above the current market price. The public float for HDB is 1.83B, and currently, shorts hold a 0.18% of that float. The average trading volume for HDB on May 26, 2023 was 1.59M shares.
HDB’s Market Performance
HDB’s stock has seen a -3.43% decrease for the week, with a -7.58% drop in the past month and a -3.67% fall in the past quarter. The volatility ratio for the week is 1.34%, and the volatility levels for the past 30 days are at 1.59% for HDFC Bank Limited The simple moving average for the last 20 days is -4.80% for HDB’s stock, with a simple moving average of -2.08% for the last 200 days.
HDB Trading at -4.25% from the 50-Day Moving Average
After a stumble in the market that brought HDB to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -10.28% of loss for the given period.
Volatility was left at 1.59%, however, over the last 30 days, the volatility rate increased by 1.34%, as shares sank -7.50% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +3.32% upper at present.
During the last 5 trading sessions, HDB fell by -3.43%, which changed the moving average for the period of 200-days by +2.08% in comparison to the 20-day moving average, which settled at $67.36. In addition, HDFC Bank Limited saw -5.89% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for HDB
Current profitability levels for the company are sitting at:
- +30.05 for the present operating margin
The net margin for HDFC Bank Limited stands at +22.47. Equity return is now at value 17.10, with 2.10 for asset returns.
Conclusion
In conclusion, HDFC Bank Limited (HDB) has had a bad performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
