ICICI Bank Ltd. ADR (NYSE: IBN) Recovers 35.22% From 52-Week Low, Is IBN Still A High-Risk, High-Reward Play?

ICICI Bank Ltd. ADR (NYSE:IBN) currently has a daily average trading volume of 5.45M but it saw 5573841 shares traded in last market. With a market cap of 104.23B USD, the company’s current market price of $29.60 came rising about 0.37 while comparing to the previous closing price of $29.49. In past 52 weeks, the stock remained buoying in the range of price level as high as $29.69 and as low as $21.89. In the recent trading on the day, stock has struck highest price mark of $29.47 while lowest mark touched by it was $29.72.

Taking a look at 20-day trading activity of ICICI Bank Ltd. ADR (IBN) gives us an average price of $28.40, while its current price level is -0.30% below from 52-week high level whereas it is 35.22% 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 $28.72 while that of 200 days or SMA-200 reads an average of $26.18. A closer look into the stock’s movement over the week reveals that its volatility is standing at 0.82% during that period while stretching the period over a month that increases to 0.88%. 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 68.39 which implies that the stock is in neutral territory.

Over the week, IBN’s stock price is moving 2.07% up while it is 6.40% when we observe its performance for the past one month. Year-to-date it is 24.16% up and over the past year, the stock is showing an upside performance of 26.17%.

Currently, ICICI Bank Ltd. ADR’s total number of outstanding shares is 3.52B. Company’s return on investment (ROI) stands at 9.50% and return on equity (ROE) at 18.10%. It has a price to earnings ratio (P/E ratio) of 19.41 while having a 17.14 of forward P/E ratio. Stock’s beta reads 1.03. Stock has a price to book (P/B) ratio of 3.18 while price to sale or P/S ratio amounts to 3.45. Its return on asset (ROA) is 2.03% on average.