ICICI Bank Ltd. ADR (NYSE: IBN)’s stock price has increased by 0.47 compared to its previous closing price of 25.63. However, the company has seen a -2.50% decrease in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-04-01 that Investors with an interest in Banks – Foreign stocks have likely encountered both Intesa Sanpaolo SpA (ISNPY) and ICICI Bank Limited (IBN). But which of these two stocks presents investors with the better value opportunity right now?
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 17.88x compared to its average ratio, The 36-month beta value for IBN is at 1.03. Analysts have varying views on the stock, with 0 analysts rating it as a “buy,” 1 rating it as “overweight,” 1 as “hold,” and 0 as “sell.”
The public float for IBN is 3.50B, and currently, shorts hold a 0.73% of that float. The average trading volume for IBN on April 08, 2024 was 6.31M shares.
IBN’s Market Performance
IBN stock saw a decrease of -2.50% in the past week, with a monthly decline of -2.35% and a quarterly a decrease of 8.19%. The volatility ratio for the week is 1.23%, and the volatility levels for the last 30 days are 0.96% for ICICI Bank Ltd. ADR (IBN). The simple moving average for the last 20 days is -0.88% for IBN stock, with a simple moving average of 8.10% for the last 200 days.
IBN Trading at 1.53% 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 -3.40% of loss for the given period.
Volatility was left at 0.96%, however, over the last 30 days, the volatility rate increased by 1.23%, as shares sank -1.94% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +8.42% upper at present.
During the last 5 trading sessions, IBN fell by -2.50%, which changed the moving average for the period of 200-days by +13.84% in comparison to the 20-day moving average, which settled at $25.95. In addition, ICICI Bank Ltd. ADR saw 8.01% 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 5.41. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.22.
Conclusion
In conclusion, ICICI Bank Ltd. ADR (IBN) has had a mixed performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others 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.
