The stock of ICICI Bank Ltd. ADR (IBN) has gone down by -1.57% for the week, with a -3.42% drop in the past month and a 1.70% rise in the past quarter. The volatility ratio for the week is 1.10%, and the volatility levels for the past 30 days are 1.25% for IBN. The simple moving average for the last 20 days is -1.94% for IBN’s stock, with a simple moving average of 6.74% for the last 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 17.54x compared to its average ratio. IBN has 36-month beta value of 1.04. 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 3.51B, and currently, short sellers hold a 0.89% ratio of that float. The average trading volume of IBN on June 17, 2024 was 4.75M shares.
IBN) stock’s latest price update
The stock price of ICICI Bank Ltd. ADR (NYSE: IBN) has jumped by 0.84 compared to previous close of 26.04. Despite this, the company has seen a fall of -1.57% in its stock price over the last five trading days. zacks.com reported 2024-06-13 that Investors looking for stocks in the Banks – Foreign sector might want to consider either Banco Santander-Chile (BSAC) or ICICI Bank Limited (IBN). But which of these two companies is the best option for those looking for undervalued stocks?
IBN Trading at -1.41% 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 -7.44% of loss for the given period.
Volatility was left at 1.25%, however, over the last 30 days, the volatility rate increased by 1.10%, as shares sank -3.10% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +2.46% upper at present.
During the last 5 trading sessions, IBN fell by -1.57%, which changed the moving average for the period of 200-days by +11.13% in comparison to the 20-day moving average, which settled at $26.74. In addition, ICICI Bank Ltd. ADR saw 10.15% 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:
- 0.33 for the present operating margin
- 1.0 for the gross margin
The net margin for ICICI Bank Ltd. ADR stands at 0.24. The total capital return value is set at 0.03. Equity return is now at value 18.82, with 2.05 for asset returns.
The debt to equity ratio resting at 0.81. The interest coverage ratio of the stock is 1.12.
Currently, EBITDA for the company is -7.5 billion with net debt to EBITDA at 1.03. When we switch over and look at the enterprise to sales, we see a ratio of 4.49. 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 mixed 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.
