HSBC Holdings plc (NYSE:HSBC) does about 3.92M shares in volume on a normal day but saw 3354463 shares change hands in Tuesday trading. The company now has a market cap of 85.04B USD. Its current market price is $21.24, marking a decrease of -1.80% compared to the previous close of $21.63. The 52 week high reached by this stock is $39.69 whilst the lowest price level in 52 weeks is $20.98. The script in recent trading has seen the stock touch a high of $21.39 and a low of $21.10.
HSBC Holdings plc (HSBC) has a 20-day trading average at $21.93 and the current price is -46.48% off the 52-week high compared with 1.24% distance from its 52-week low. The 50-day simple moving average of the closing price is $22.91 and its 200-day simple moving average is $29.46. If we look at the stock’s price movements over the week, volatility stands at 1.20%, which increases to 1.40% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 36.70 to suggest the stock is neutral.
3 analysts observing the HSBC Holdings plc (HSBC) stock have set the 12-month price targets for the company’s shares at between $23.89 and $23.89. The consensus objective for the share price is $23.89, suggesting that the stock has a potential upside of 11.09% over the period. The median price target is 11.09% away from the current levels at $23.89.
FactSet Research has provided data showing that 3 brokerages have issued ratings for the stock. 1 analysts have rated it as a sell, while 0 advise that it is a overweight. 0 analysts have rated it as a buy and 2 have advised that investors hold their positions. The consensus recommendation rating is Underweight and Wall Street’s advice is for investors to Hold the stock.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on August 11, 2020 when Morgan Stanley upgraded the stock to “Equal-Weight” and issued a price target of . Investec also upgraded the stock to “Buy” from Hold on July 29, 2020 at a price target of .
The current price level is -3.28%, -7.48%, and -28.09% away from its SMA20, SMA50, and SMA200 respectively, with the HSBC price moving above the 50-day SMA on September 01. HSBC Holdings plc (HSBC) stock is down -3.72% over the week and -1.58% over the past month. Its price is -45.66% year-to-date and -40.80% over the past year.
The company’s next earnings report is expected on 10/27/2020.
Its 12-month price target is $23.89. To reach the target analysts have set, the stock logically needs to grow 11.09 percent from here. Of course, the average price target is just what the average analysts believe a stock will be worth in the next 52 weeks, and is only one metric. There are analysts with lower targets than the average, including one bearish Wall Street research firm advocating investors to wait for the price to pull back to $23.89, given the recent momentum. And then, on the bullish side of things, one analyst is expecting the stock to peak at $23.89.
Outstanding shares total 4.03B with insiders holding 0.00% of the shares and institutional holders owning 1.74% of the company’s common stock. The company has a return on investment of 3.70%. The forward price to earnings ratio is 22.48. The beta has a value of 0.49. Price to book ratio is 0.52 and price to sales ratio is 1.70.
According to a U.S. Securities and Exchange Commission filing, DFA International Core Equity Por has reduced its position in HSBC Holdings plc (HSBC) to 3,163,564 shares, mirroring a recent drop by -1.75%. DFA International Core Equity Por dumped 56297.0 shares of HSBC Holdings plc common stock bringing its total worth to about $71.65 million at the end of recent close, SEC documents show. DFA International Core Equity Por isn’t the only investment manager who changed stakes and is followed by DFA International Value Series, which sold off -0.13 million shares to end up with 2,590,481 shares worth $58.67 million. DFA Large Cap International Portf raise their holdings by 24.67% in the company over the course of the most recent quarter. It now holds a 0.02% position in HSBC Holdings plc thanks to 0.67 million shares amounting to $15.21 million.