ICICI Bank Ltd. ADR [NYSE: IBN] loss -0.10% or -0.03 points to close at $29.73 with a heavy trading volume of 4546248 shares.
The daily chart for IBN points out that the company has recorded 11.06% gains over the past six months.
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If we look at the average trading volume of 5.40M shares, IBN reached to a volume of 4546248 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about ICICI Bank Ltd. ADR [IBN]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for IBN shares is $35.14 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on IBN stock is a recommendation set at 1.19. 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.
Bernstein have made an estimate for ICICI Bank Ltd. ADR shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on July 14, 2020. While these analysts kept the previous recommendation, Morgan Stanley raised their target price to Overweight. The new note on the price target was released on January 16, 2018, representing the official price target for ICICI Bank Ltd. ADR stock.
The Average True Range (ATR) for ICICI Bank Ltd. ADR is set at 0.46, with the Price to Sales ratio for IBN stock in the period of the last 12 months amounting to 3.28. The Price to Book ratio for the last quarter was 3.13.
Trading performance analysis for IBN stock
ICICI Bank Ltd. ADR [IBN] fell into the red zone at the end of the last week, falling into a negative trend and dropping by 0.00. With this latest performance, IBN shares dropped by -0.44% in over the last four-week period, additionally plugging by 11.06% over the last 6 months – not to mention a rise of 33.62% 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 IBN stock in for the last two-week period is set at 47.23, with the RSI for the last a single of trading hit 44.89, and the three-weeks RSI is set at 48.81 for ICICI Bank Ltd. ADR [IBN]. The present Moving Average for the last 50 days of trading for this stock 30.00, while it was recorded at 29.67 for the last single week of trading, and 27.87 for the last 200 days.
ICICI Bank Ltd. ADR [IBN]: A deeper dive into fundamental analysis
ICICI Bank Ltd. ADR’s liquidity data is similarly interesting compelling, with a Current Ratio set at 0.23.
ICICI Bank Ltd. ADR [IBN]: An earnings per share (EPS) analysis
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 IBN. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for ICICI Bank Ltd. ADR go to 9.83%.
An analysis of Institutional ownership at ICICI Bank Ltd. ADR [IBN]
The top three institutional holders of IBN stocks are: WCM INVESTMENT MANAGEMENT, LLC with ownership of 63.57 million shares, which is approximately 1.8115%. MORGAN STANLEY, holding 56.72 million shares of the stock with an approximate value of $$1.63 billion in IBN stocks shares; and MORGAN STANLEY, currently with $$1.63 billion in IBN stock with ownership which is approximately 1.6089%.
