HSBC Holdings plc [HSBC] gain 26.35% so far this year. What now?

HSBC Holdings plc [NYSE: HSBC] stock went on an upward path that rose over 2.15% on Thursday, amounting to a one-week price increase of more than 6.78%. The company report on August 24, 2023 at 10:00 AM that HSBC U.S. Innovation Banking Expands Venture Debt Offering.

HSBC announced today that HSBC Innovation Banking, a business division with services provided by HSBC Bank USA, N.A. and its affiliates, has expanded its venture debt offering in the U.S. to support companies from Series A through scaled multi-national enterprises. While HSBC has been providing venture debt to later-stage innovation companies since 2019, this broader offering is aligned with the Innovation Banking strategy to work with companies at the earliest stages of their development. In addition to the venture debt offering, HSBC has developed banking packages tailored to meet the evolving needs of innovation companies as they scale from startups to highly complex multi-national businesses.

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“We are excited about the continued expansion of our suite of products and solutions designed to serve the innovation economy,” said David Sabow, U.S. Head of HSBC Innovation Banking. “HSBC already works with some of the largest technology and healthcare companies in the world. Early-stage innovation companies with global ambitions no longer have to change their banking partner as they build and scale.”.

Over the last 12 months, HSBC stock rose by 29.17%. The one-year HSBC Holdings plc stock forecast points to a potential upside of 20.16. The average equity rating for HSBC stock is currently 2.00, trading closer to a bullish pattern in the stock market.

The market cap for the stock reached $152.93 billion, with 3.94 billion shares outstanding and 3.89 billion shares in the current float. Compared to the average trading volume of 1.62M shares, HSBC stock reached a trading volume of 2556032 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Guru’s Opinion on HSBC Holdings plc [HSBC]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for HSBC shares is $49.31 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on HSBC stock is a recommendation set at 2.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Goldman have made an estimate for HSBC Holdings plc shares, keeping their opinion on the stock as Buy, with their previous recommendation back on September 12, 2023.

The Average True Range (ATR) for HSBC Holdings plc is set at 0.58, with the Price to Sales ratio for HSBC stock in the period of the last 12 months amounting to 1.88. The Price to Book ratio for the last quarter was 0.94, with the Price to Cash per share for the same quarter was set at 337.15.

HSBC Stock Performance Analysis:

HSBC Holdings plc [HSBC] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 6.78. With this latest performance, HSBC shares gained by 1.94% in over the last four-week period, additionally plugging by 16.51% over the last 6 months – not to mention a rise of 29.17% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for HSBC stock in for the last two-week period is set at 60.52, with the RSI for the last a single of trading hit 70.52, and the three-weeks RSI is set at 55.70 for HSBC Holdings plc [HSBC]. The present Moving Average for the last 50 days of trading for this stock 39.41, while it was recorded at 38.05 for the last single week of trading, and 36.61 for the last 200 days.

Insight into HSBC Holdings plc Fundamentals:

Operating Margin for any stock indicates how profitable investing would be, and HSBC Holdings plc [HSBC] shares currently have an operating margin of +22.11. HSBC Holdings plc’s Net Margin is presently recorded at +15.84.

Return on Total Capital for HSBC is now 3.84, given the latest momentum, and Return on Invested Capital for the company is 5.25. Return on Equity for this stock inclined to 8.94, with Return on Assets sitting at 0.52. When it comes to the capital structure of this company, HSBC Holdings plc [HSBC] has a Total Debt to Total Equity ratio set at 215.34. Additionally, HSBC Total Debt to Total Capital is recorded at 68.29, with Total Debt to Total Assets ending up at 12.18. Long-Term Debt to Equity for the company is recorded at 68.14, with the Long-Term Debt to Total Capital now at 21.61.

Reflecting on the efficiency of the workforce at the company, HSBC Holdings plc [HSBC] managed to generate an average of $54,945 per employee.


The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for HSBC. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for HSBC Holdings plc go to 21.90%.

HSBC Holdings plc [HSBC] Institutonal Ownership Details

The top three institutional holders of HSBC stocks are: VANGUARD GROUP INC with ownership of 1.31 billion shares, which is approximately 8.2089%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $170.67 trillion in HSBC stocks shares; and BERKSHIRE HATHAWAY INC, currently with $150.98 trillion in HSBC stock with ownership which is approximately 5.7381%.

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