Should Investors Trust The Upside Potential In ICICI Bank Ltd. ADR (IBN)?

ICICI Bank Ltd. ADR (NYSE:IBN) currently has a daily average trading volume of 4.93M but it saw 6883503 shares traded in last market. With a market cap of 99.59B USD, the company’s current market price of $28.30 came falling about -1.12 while comparing to the previous closing price of $28.62. In past 52 weeks, the stock remained buoying in the range of price level as high as $29.66 and as low as $21.89.

Taking a look at 20-day trading activity of ICICI Bank Ltd. ADR (IBN) gives us an average price of $29.11, while its current price level is -4.59% below from 52-week high level whereas it is 29.28% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $27.85 while that of 200 days or SMA-200 reads an average of $25.36. A closer look into the stock’s movement over the week reveals that its volatility is standing at 1.15% during that period while stretching the period over a month that decreases to 1.00%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 44.51 which implies that the stock is in neutral territory.

Over the week, IBN’s stock price is moving -3.94% down while it is -1.70% when we observe its performance for the past one month. Year-to-date it is 18.71% up and over the past year, the stock is showing an upside performance of 15.79%.

Currently, ICICI Bank Ltd. ADR’s total number of outstanding shares is 3.52B. Company’s return on investment (ROI) stands at 9.62% and return on equity (ROE) at 18.82%. It has a price to earnings ratio (P/E ratio) of 18.91 while having a 16.42 of forward P/E ratio. Stock’s beta reads 1.05. Stock has a price to book (P/B) ratio of 3.39 while price to sale or P/S ratio amounts to 3.49. Its return on asset (ROA) is 2.05% on average.