With 2.54B Outstanding Shares, Can HDFC Bank Ltd. ADR (NYSE: HDB) Deliver Big Short-Term Gains?

HDFC Bank Ltd. ADR (NYSE:HDB) currently has a daily average trading volume of 2.84M but it saw 5504743 shares traded in last market. With a market cap of 167.32B USD, the company’s current market price of $65.80 came falling about -0.54 while comparing to the previous closing price of $66.16. In past 52 weeks, the stock remained buoying in the range of price level as high as $67.44 and as low as $52.16. In the recent trading on the day, stock has struck highest price mark of $65.02 while lowest mark touched by it was $66.135.

Taking a look at 20-day trading activity of HDFC Bank Ltd. ADR (HDB) gives us an average price of $62.95, while its current price level is -2.43% below from 52-week high level whereas it is 26.15% 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 $61.22 while that of 200 days or SMA-200 reads an average of $59.42. A closer look into the stock’s movement over the week reveals that its volatility is standing at 0.95% during that period while stretching the period over a month that increases to 1.11%. 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 72.87 which implies that the stock is in overbought territory.

Over the week, HDB’s stock price is moving 1.54% up while it is 7.62% when we observe its performance for the past one month. Year-to-date it is -1.95% down and over the past year, the stock is showing an upside performance of 13.04%.

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 20.37 while having a 17.59 of forward P/E ratio. Stock’s beta reads 0.91. Stock has a price to book (P/B) ratio of 2.92 while price to sale or P/S ratio amounts to 3.00. Its return on asset (ROA) is 2.07% on average.