The stock of ICICI Bank Ltd. ADR (IBN) has gone up by 0.40% for the week, with a 1.93% rise in the past month and a 7.78% rise in the past quarter. The volatility ratio for the week is 0.89%, and the volatility levels for the past 30 days are 0.91% for IBN. The simple moving average for the past 20 days is 0.01% for IBN’s stock, with a 9.85% simple moving average for the past 200 days.
Is It Worth Investing in ICICI Bank Ltd. ADR (NYSE: IBN) Right Now?
The price-to-earnings ratio for ICICI Bank Ltd. ADR (NYSE: IBN) is above average at 18.12x, Company’s 36-month beta value is 1.02.Analysts have differing opinions on the stock, with 2 analysts rating it as a “buy,” 2 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for IBN is 3.50B, and currently, short sellers hold a 0.73% ratio of that floaft. The average trading volume of IBN on April 01, 2024 was 6.21M shares.
IBN) stock’s latest price update
ICICI Bank Ltd. ADR (NYSE: IBN) has experienced a decline in its stock price by -1.15 compared to its previous closing price of 26.41. However, the company has seen a gain of 0.40% in its stock price over the last five trading days. Reuters reported 2024-03-27 that India’s ICICI Securities has secured shareholders’ nod to delist its stock, the brokerage said in the early hours of Thursday, paving the way to merge with parent and majority shareholder ICICI Bank.
IBN Trading at 3.49% 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 -2.06% of loss for the given period.
Volatility was left at 0.91%, however, over the last 30 days, the volatility rate increased by 0.89%, as shares sank -1.32% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +11.48% upper at present.
During the last 5 trading sessions, IBN rose by +0.50%, which changed the moving average for the period of 200-days by +13.12% in comparison to the 20-day moving average, which settled at $26.08. In addition, ICICI Bank Ltd. ADR saw 9.50% 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 5.48. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.22.
Conclusion
In a nutshell, ICICI Bank Ltd. ADR (IBN) has experienced a better performance in recent times. The stock has received mixed “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.
