The Week Ahead: Are Investors Really Too Optimistic About HDFC Bank Ltd. ADR (NYSE: HDB)

HDFC Bank Ltd. ADR (NYSE:HDB) currently has a daily average trading volume of 2.63M but it saw 1563221 shares traded in last market. With a market cap of 152.67B USD, the company’s current market price of $60.20 came rising about 0.85 while comparing to the previous closing price of $59.69. In past 52 weeks, the stock remained buoying in the range of price level as high as $71.39 and as low as $52.16.

Taking a look at 20-day trading activity of HDFC Bank Ltd. ADR (HDB) gives us an average price of $61.78, while its current price level is -15.67% below from 52-week high level whereas it is 15.41% 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 $60.20 while that of 200 days or SMA-200 reads an average of $58.82. A closer look into the stock’s movement over the week reveals that its volatility is standing at 1.60% during that period while stretching the period over a month that decreases to 1.52%. 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 45.98 which implies that the stock is in neutral territory.

Over the week, HDB’s stock price is moving -0.17% down while it is -7.47% when we observe its performance for the past one month. Year-to-date it is -10.30% down and over the past year, the stock is showing a downside performance of -14.61%.

Currently, HDFC Bank Ltd. ADR’s total number of outstanding shares is 2.54B. Company’s return on investment (ROI) stands at 5.95% and return on equity (ROE) at 17.44%. It has a price to earnings ratio (P/E ratio) of 18.63 while having a 16.06 of forward P/E ratio. Stock’s beta reads 0.93. Stock has a price to book (P/B) ratio of 2.68 while price to sale or P/S ratio amounts to 2.73. Its return on asset (ROA) is 2.07% on average.