In today’s recent session, 0.7 million shares of the ICICI Bank Ltd. ADR (NYSE:IBN) have been traded, and its beta is 1.03. Most recently the company’s share price was $30.37, and it changed around $0.43 or 1.44% from the last close, which brings the market valuation of the company to $106.96B. IBN at last check was trading at a discount to its 52-week high of $30.11, offering almost 0.86% off that amount. The share price’s 52-week low was $21.89, which indicates that the recent value has risen by an impressive 27.92% since then. We note from ICICI Bank Ltd. ADR’s average daily trading volume that its 10-day average is 5.99 million shares, with the 3-month average coming to 5.28 million.
ICICI Bank Ltd. ADR stock received a consensus recommendation rating of Hold, based on a mean score of 1.24. If we narrow it down even further, the data shows that 0 out of 2 analysts rate the stock as a Sell; another 1 rate it as Overweight. Among the rest, 1 recommended IBN as a Hold, whereas 0 deemed it a Buy, and 0 rated it as Underweight. ICICI Bank Ltd. ADR is expected to report earnings per share of 0.36 for the current quarter.
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ICICI Bank Ltd. ADR (NYSE:IBN) trade information
Instantly IBN has been showing a green trend so far today with a performance of 1.44% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 30.52 on recent trading dayincreased the stock’s daily price by 0.49%. The company’s shares are currently up 27.39% year-to-date, but still up 4.04% over the last five days. On the other hand, ICICI Bank Ltd. ADR (NYSE:IBN) is 8.39% up in the 30-day period. We can see from the shorts that 25.93 million shares have been sold at a short interest cover period of 5.36 day(s).
ICICI Bank Ltd. ADR (IBN) estimates and forecasts
ICICI Bank Ltd. ADR share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 17.26 percent over the past six months and at a 8.63% annual growth rate that is well above the industry average of 5.00%. The year-over-year growth rate is expected to be -33.70%, down from the previous year.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 74.44%. ICICI Bank Ltd. ADR earnings are expected to increase by 10.06% in 2024, but the outlook is positive 21.30% per year for the next five years.
IBN Dividends
ICICI Bank Ltd. ADR’s next quarterly earnings report is expected to be released on 2024-Oct-19. The annual dividend yield of the stock is 0.78 percent and its annual dividend per share was 0.24. It is important to note, however, that the 0.78% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision. The average dividend yield for the past five years averaged 1.01 per year.
ICICI Bank Ltd. ADR (NYSE:IBN)’s Major holders
MORGAN STANLEY, with 1.6163% or 56.72 million shares worth $1.63 billion as of 2024-06-30, holds the second largest percentage of outstanding shares.
Goldman Sachs GQG Partners International Opportunities Fund and Investment Managers Ser Tr-WCM Focused International Growth Fd were the top two Mutual Funds as of Apr 30, 2024. The former held 28.52 shares worth $865.44 million, making up 0.81% of all outstanding shares. On the other hand, Investment Managers Ser Tr-WCM Focused International Growth Fd held roughly 18.32 shares worth around $556.06 million, which represents about 0.52% of the total shares outstanding.
