The stock of ICICI Bank Ltd. ADR (NYSE: IBN) has increased by 3.90 when compared to last closing price of 26.53. Despite this, the company has experienced a 5.57% gain 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?
The price-to-earnings ratio for ICICI Bank Ltd. ADR (NYSE: IBN) is above average at 18.41x. The 36-month beta value for IBN is also noteworthy at 1.02. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 1 rating it as “overweight,” 1 rating it as “hold,” and 0 rating it as “sell.”
The public float for IBN is 3.51B, and at present, short sellers hold a 0.79% of that float. The average trading volume of IBN on April 29, 2024 was 5.31M shares.
IBN’s Market Performance
IBN stock saw an increase of 5.57% in the past week, with a monthly gain of 4.37% and a quarterly increase of 13.81%. The volatility ratio for the week is 1.03%, and the volatility levels for the last 30 days are 1.14% for ICICI Bank Ltd. ADR (IBN). The simple moving average for the past 20 days is 6.02% for IBN’s stock, with a 14.54% simple moving average for the past 200 days.
IBN Trading at 6.34% 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 able to rebound, for now settling with 3.05% of gains for the given period.
Volatility was left at 1.14%, however, over the last 30 days, the volatility rate increased by 1.03%, as shares surge +6.39% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +11.69% upper at present.
During the last 5 trading sessions, IBN rose by +5.78%, which changed the moving average for the period of 200-days by +18.03% in comparison to the 20-day moving average, which settled at $26.08. In addition, ICICI Bank Ltd. ADR saw 15.63% 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 18.82, with 2.05 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 5.76. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.22.
Conclusion
In summary, ICICI Bank Ltd. ADR (IBN) has had a better performance as of late. Analysts have mixed opinions on the stock, with some viewing 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.
