In the past week, IBN stock has gone down by 0.00%, with a monthly gain of 1.45% and a quarterly surge of 8.73%. The volatility ratio for the week is 0.80%, and the volatility levels for the last 30 days are 0.84% for ICICI Bank Ltd. ADR The simple moving average for the past 20 days is -0.44% for IBN’s stock, with a 9.21% simple moving average for the past 200 days.
Is It Worth Investing in ICICI Bank Ltd. ADR (NYSE: IBN) Right Now?
ICICI Bank Ltd. ADR (NYSE: IBN) has a higher price-to-earnings ratio of 17.98x compared to its average ratio. IBN has 36-month beta value of 1.02. Analysts have mixed views on the stock, with 0 analysts rating it as a “buy,” 1 as “overweight,” 1 as “hold,” and 0 as “sell.”
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The public float for IBN is 3.50B, and currently, short sellers hold a 0.77% ratio of that float. The average trading volume of IBN on March 27, 2024 was 6.08M shares.
IBN) stock’s latest price update
ICICI Bank Ltd. ADR (NYSE: IBN)’s stock price has increased by 0.12 compared to its previous closing price of 25.87. Seeking Alpha reported 2024-03-17 that ICICI Bank has turned the page on its scandal-hit past. There are challenges on the horizon, but the group is well-placed to weather the storm. The valuation is a hurdle but by no means an insurmountable one.
IBN Trading at 3.28% 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 -2.83% of loss for the given period.
Volatility was left at 0.84%, however, over the last 30 days, the volatility rate increased by 0.80%, as shares surge +1.25% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +7.60% upper at present.
During the last 5 trading sessions, IBN remain unchanged, which changed the moving average for the period of 200-days by +12.95% in comparison to the 20-day moving average, which settled at $26.03. In addition, ICICI Bank Ltd. ADR saw 8.64% 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:
- 0.28 for the present operating margin
- 1.0 for the gross margin
The net margin for ICICI Bank Ltd. ADR stands at 0.28. The total capital return value is set at 0.02. Equity return is now at value 19.02, with 2.08 for asset returns.
Based on ICICI Bank Ltd. ADR (IBN), the company’s capital structure generated 0.45 points at debt to capital in total, while cash flow to debt ratio is standing at 0.0. The debt to equity ratio resting at 0.82. The interest coverage ratio of the stock is 0.64.
Currently, EBITDA for the company is 762.14 billion with net debt to EBITDA at 1.81. When we switch over and look at the enterprise to sales, we see a ratio of 5.44. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.22.
Conclusion
To put it simply, ICICI Bank Ltd. ADR (IBN) has had a better performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
