ICICI Bank Ltd. ADR [IBN] stock is trading at $26.62, up 2.07%. An important factor to consider is whether the stock is rising or falling in short-term value. The IBN shares have gain 3.38% over the last week, with a monthly amount glided 1.68%, and seem to be holding up well over a long-time horizon.
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On 24, October 2023, ICICI Bank Canada launches ‘Money2India (Canada)’ mobile banking app. In a post published today on Yahoo Finance, The app enables instant money transfer from any bank in Canada to any bank in India.
From an analyst’s perspective:
ICICI Bank Ltd. ADR [NYSE: IBN] stock has seen the most recent analyst activity on July 14, 2020, when Bernstein upgraded its rating to a Outperform. On October 30, 2017, upgrade upgraded it’s rating to Buy. Macquarie upgraded its rating to a Outperform. Jefferies downgraded its rating to a Hold. Goldman upgraded its rating to Buy for this stock on October 24, 2016. In a note dated June 16, 2016, JP Morgan downgraded an Neutral rating on this stock.
ICICI Bank Ltd. ADR [IBN] stock has fluctuated between $21.22 and $26.66 over the past year. ICICI Bank Ltd. ADR [NYSE: IBN] shares were valued at $26.62 at the most recent close of the market.
Analyzing the IBN fundamentals
ICICI Bank Ltd. ADR [NYSE:IBN] reported sales of 26.97B for the trailing twelve months, which represents a growth of 22.71%. Gross Profit Margin for this corporation currently stands at 1.0% with Operating Profit Margin at 0.28%, Pretax Profit Margin comes in at 0.38%, and Net Profit Margin reading is 0.28%. To continue investigating profitability, this company’s Return on Assets is posted at 0.02, Equity is 0.19 and Total Capital is 0.02. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.82.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 26.46 points at the first support level, and at 26.29 for the second support level. However, for the 1st resistance point, the stock is sitting at 26.77, and for the 2nd resistance point, it is at 26.91.
ICICI Bank Ltd. ADR [IBN] reported earnings per share of $0.37 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.35/share, meaning a difference of $0.02 and a surprise factor of 5.70%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.37 per share as compared to estimates of $0.31 per share, a difference of $0.06 representing a surprise of 19.40%.
Ratios To Look Out For
For context, ICICI Bank Ltd. ADR’s Current Ratio is 0.22. Considering the valuation of this stock, the price to sales ratio is 3.47, the price to book ratio is 3.19 and price to earnings (TTM) ratio is 18.48.
