At the time of writing, HSBC Holdings plc ADR [HSBC] stock is trading at $46.44, up 2.81%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The HSBC shares have gain 4.08% over the last week, with a monthly amount glided 2.77%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
HSBC Holdings plc ADR [NYSE: HSBC] stock has seen the most recent analyst activity on March 27, 2024, when Barclays downgraded its rating to a Equal Weight. Previously, Exane BNP Paribas downgraded its rating to Underperform on January 16, 2024. On November 22, 2023, downgrade downgraded it’s rating to Sector Perform. Societe Generale downgraded its rating to a Sell. Goldman upgraded its rating to a Buy. UBS downgraded its rating to Neutral for this stock on August 29, 2023. In a note dated August 07, 2023, JP Morgan upgraded an Overweight rating on this stock.
For the past year, the stock price of HSBC Holdings plc ADR fluctuated between $34.48 and $46.07. Currently, Wall Street analysts expect the stock to reach $52 within the next 12 months. HSBC Holdings plc ADR [NYSE: HSBC] shares were valued at $46.44 at the most recent close of the market. An investor can expect a potential return of 11.97% based on the average HSBC price forecast.
Analyzing the HSBC fundamentals
According to HSBC Holdings plc ADR [NYSE:HSBC], the company’s sales were 147.61B for trailing twelve months, which represents an 7.83% jump. Gross Profit Margin for this corporation currently stands at 1.0% with Operating Profit Margin at 0.28%, Pretax Profit Margin comes in at 0.27%, and Net Profit Margin reading is 0.22%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.13 and Total Capital is 0.01. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 2.86.
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 46.14 points at the first support level, and at 45.84 for the second support level. However, for the 1st resistance point, the stock is sitting at 47.00, and for the 2nd resistance point, it is at 47.57.
Ratios To Look Out For
It is important to note that HSBC Holdings plc ADR [NYSE:HSBC] has a current ratio of 1.96. Considering the valuation of this stock, the price to sales ratio is 1.14, the price to book ratio is 1.05 and price to earnings (TTM) ratio is 7.98.
