Over the past three months, ICICI Bank Limited [IBN] ended the trading day at $10.87 and exhibited a change of -2.34% with a 24 hour trading and reached upto the volume of 7.66M compared to its recorded trading volume of 6.14 million. IBN generated a 1 year amount change with -10.46%. Though for Principal markets a year is counted as a long time period. By having a look at the most recent performance of this stock, in the last week its amount moved by 0.56% with an amount shift of 6.46% over the last month.

On 1, August 2020, ICICI Bank Limited Files Annual Report in Form 20-F. According to news published on Yahoo Finance, ICICI Bank Limited (NYSE: IBN) filed its annual report in Form 20-F for the year ended March 31, 2020 (FY2020) on July 31, 2020, as required by United States securities regulations. The Form 20-F annual report includes the Bank’s consolidated financial statements under Indian GAAP and a reconciliation of consolidated profit after tax and net worth under Indian GAAP to net income and stockholders’ equity under U.S. GAAP, approved by the Audit Committee of the Board.

Analyst Birdseye View:

The most recent analyst activity for ICICI Bank Limited [NYSE:IBN] stock was on January 16, 2018, when it was Initiated with an Overweight rating from Morgan Stanley. On October 30, 2017, Jefferies Upgrade a Buy rating. On March 20, 2017, Macquarie Upgrade an Outperform rating. On March 06, 2017, Jefferies Downgrade a Hold rating. On October 24, 2016, Goldman Upgrade a Buy rating. On June 16, 2016, JP Morgan Downgrade a Neutral rating.

In the past 52 weeks of trading, this stock has oscillated between a low of $6.86 and a peak of $15.42. Right now, according to Wall Street analyst the average 12-month amount target is $12.60. At the most recent market close, shares of ICICI Bank Limited [NYSE:IBN] were valued at $10.87. According to the average price forecast, investors can expect a potential return of -8.68%.

FUNDAMENTAL ANALYSIS

ICICI Bank Limited [NYSE:IBN] most recently reported quarterly sales of 224.23 billion, which represented growth of 10.10%. This publicly-traded organization’s revenue is $15,126,685 per employee, while its income is $963,190 per employee. Continuing to look at profitability, this corporation’s Return on Assets, Equity, Whole Principal & invested Principal is sitting at 0.73, 8.07, 4.72 and 1.99 respectively.

If looking now at the Principal structure of this organization, it shows its whole liability to the whole Principal at 80.09 and the whole liability to whole assets at 35.84. It shows enduring liability to the whole principal at 79.04 and enduring liability to assets at 0.35 while looking for an extended time period.

Readers are usually of view to make a close observation to the indicators that support and make resistance before moving to any particular stock. As of now, the company’s stock is sitting at 10.76 points at 1st support level, the second support level is making up to 10.66. But as of 1st resistance point, this stock is sitting at 10.92 and at 10.98 for 2nd resistance point.

ICICI Bank Limited [IBN] reported its earnings at $0.13 per share in the fiscal quarter closing of 6/29/2020. The Analysts for Wall Street were expecting to report its earnings at $0.06/share signifying the difference of 0.07 and 116.70% surprise value. Comparing the previous quarter ending of 3/30/2020, the stated earnings were $0.05 calling estimates for $0.15/share with the difference of -0.1 depicting the surprise of -66.70%.

Now if looking for a valuation of this stock’s amount to sales ratio it’s 1.42, it’s amount to book ratio is 1.71 and showing 19.91 of P/E (TTM) ratio.