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ICICI Bank Limited’s Shares Reel: 13.15% Quarterly Revenue Decline Amid 80.03B Market Cap

The stock price for ICICI Bank Limited (IBN) currently stands at $22.93. The stock experienced a substantial increase in the last session, hitting $23.01 after starting at $22.99. The stock’s lowest price was $22.8913 before closing at $22.92.

The market performance of ICICI Bank Limited’s stock has been harmonious in recent times. Over the last year, the company’s stock reached its highest point at $23.75 on 11/30/22, while the lowest value for the same duration was $17.07 on 06/16/22.

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52-week price history of IBN Stock

Studying a stock’s 52-week price history, which includes both low and high prices, can help gauge its current status and potential future performance. ICICI Bank Limited’s current trading price is -3.43% away from its 52-week high, while its distance from the 52-week low is 34.36%. The stock’s price range during the 52-week period has remained between $17.07 and $23.75. In the Financial sector, the company’s shares saw a trading volume of around 1.56 million for the day, which was evidently lower than the average daily volume of 4.77 million over the past three months.

Market Capitalization and Financial Performance: An In-Depth Look

ICICI Bank Limited (IBN) has experienced a quarterly rise of 13.15% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 80.03B and boasts a workforce of 103010 employees.

A Closer Look at Analysts’ Ratings for ICICI Bank Limited

As of right now, 41 analysts are rating ICICI Bank Limited as a BUY, 1 of the polled analysts branded the stock as an OVERWEIGHT, 2 analysts are recommending to HOLD this stock, 0 of them gave the stock UNDERWEIGHT rating, and 0 analyst is rating the stock as SELL.

Making Sense of Trading Volume and Moving Average Data

Based on Barchart.com data, the company’s moving average over the 100-day period was 21.44, with a change in price of +1.09. Similarly, ICICI Bank Limited recorded 5,996,572 in trading volume during the last 100 days, posting a change of +4.99%.

Examining IBN’s Debt-to-Equity Ratio: What You Need to Know

The debt-to-equity (D/E) ratio is a crucial measure that sheds light on a company’s financial health and market standing. It is determined by dividing a company’s overall liabilities by its shareholders’ equity, showing the extent of a company’s debt usage in financing its assets compared to the shareholders’ equity. At the time of writing, the total D/E ratio for IBN stands at 0.94. Similarly, the long-term debt-to-equity ratio is also 0.94.

IBN Stock Stochastic Average

ICICI Bank Limited’s raw stochastic average for the past 50 days is presently 93.49%, as of today. This marks a increase from the raw stochastic average of the last 20 days, which was 74.23%. Additionally, the company’s Stochastic %K and %D values for the past 20 days were 78.02% and 83.05%, respectively.

IBN Stock Price Performance Analysis

Investors’ outlook regarding the stock price performance over the year has been a mixed bag, with a range of optimism to pessimism depending on their perspective. This year’s metric has recorded a Price increase of 4.77%. However, over the past six months, we’ve seen a weaker performance of 0.90%. The price of IBN fallen by 2.66% over the last 30 days. And in the last five days, it has fallen by -0.41%.

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