In the latest trading session, 1.69 million ICICI Bank Ltd. ADR (NYSE:IBN) shares changed hands as the company’s beta touched 1.03. With the company’s most recent per share price at $29.75 changing hands around $0.23 or 0.78% at last look, the market valuation stands at $104.82B. IBN’s current price is a discount, trading about -6.22% off its 52-week high of $31.60. The share price had its 52-week low at $21.89, which suggests the last value was 26.42% up since then. When we look at ICICI Bank Ltd. ADR’s average trading volume, we note the 10-day average is 4.67 million shares, with the 3-month average coming to 5.53 million.
ICICI Bank Ltd. ADR (NYSE:IBN) trade information
Instantly IBN is in green as seen in intraday trades today. With action 1.57%, the performance over the past five days has been green. The company’s shares are showing year-to-date upside of 24.79%, with the 5-day performance at 1.57% in the green. However, in the 30-day time frame, ICICI Bank Ltd. ADR (NYSE:IBN) is -5.14% down. Looking at the short shares, we see there were 27.25 million shares sold at short interest cover period of 4.58 days.
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ICICI Bank Ltd. ADR (IBN) estimates and forecasts
Data shows that the ICICI Bank Ltd. ADR share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 13.16% over the past 6 months, a 8.63% in annual growth rate that is considerably higher than the industry average of 5.60%. Year-over-year growth is forecast to reach -33.90% down from the last financial year.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 74.44%. The 2024 estimates are for ICICI Bank Ltd. ADR earnings to increase by 9.98%, but the outlook for the next 5-year period is at 9.13% per year.
IBN Dividends
ICICI Bank Ltd. ADR is expected to release its next quarterly earnings report on 2024-Oct-26. The 0.80% annual yield figure for the share gives it an annual dividend of 0.24. It is important to note, however, that the 0.80% dividend yield ratio should serve as a guide only, as you should also take into consideration many other aspects of a company’s operations and fundamentals before making any investment decision. During the past 5 years, the average dividend yield was 1.01 per year.
ICICI Bank Ltd. ADR (NYSE:IBN)’s Major holders
MORGAN STANLEY holds the second largest percentage of outstanding shares, with 1.6163% or 56.72 million shares worth $1.63 billion as of 2024-06-30.
