Investors Are Waking Up To HDFC Bank Ltd. ADR (NYSE: HDB) After Rising 22.56% Over The Past 12 Months

HDFC Bank Ltd. ADR (NYSE:HDB) currently has a daily average trading volume of 2.95M but it saw 7271345 shares traded in last market. With a market cap of 176.66B USD, the company’s current market price of $69.26 came falling about -0.22 while comparing to the previous closing price of $69.41. In past 52 weeks, the stock remained buoying in the range of price level as high as $70.12 and as low as $54.99. In the recent trading on the day, stock has struck highest price mark of $68.87 while lowest mark touched by it was $70.235.

Taking a look at 20-day trading activity of HDFC Bank Ltd. ADR (HDB) gives us an average price of $66.01, while its current price level is -1.23% below from 52-week high level whereas it is 25.95% 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 $62.70 while that of 200 days or SMA-200 reads an average of $62.41. A closer look into the stock’s movement over the week reveals that its volatility is standing at 2.69% during that period while stretching the period over a month that decreases to 2.43%. 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 67.90 which implies that the stock is in neutral territory.

Over the week, HDB’s stock price is moving 5.48% up while it is 10.99% when we observe its performance for the past one month. Year-to-date it is 8.46% up and over the past year, the stock is showing an upside performance of 22.56%.

The company is expected to be releasing its next quarterly report on 2024-Jul-21, for which analysts forecasted an EPS of 0.49 while estimate for next year EPS is 2.55. In next quarter, company is expected to be making quarterly sales of $435.53B as analysts are expecting the sales for current fiscal year at $1.7T and seeing the company making $3.7T in sales next year. Moreover, analysts are in estimates of $435.3B for current-quarter revenue.

Currently, HDFC Bank Ltd. ADR’s total number of outstanding shares is 2.55B with 0.00% of that held by the insiders while 14.27% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at 6.16% and return on equity (ROE) at 14.96%. It has a price to earnings ratio (P/E ratio) of 21.23 while having a 20.40 of forward P/E ratio. Stock’s beta reads 0.61. Stock has a price to book (P/B) ratio of 3.01 while price to sale or P/S ratio amounts to 3.11. Its return on asset (ROA) is 1.73% on average.