The stock price’s performance over the year has been unpredictable, resulting in a mix of pessimistic and optimistic outlooks among investors. This year’s metric has recorded a Price increase of 9.71%. However, over the past six months, we’ve seen a weaker performance of 21.29%. The price of IBN fallen by 5.24% over the last 30 days. And in the last five days, it has surged by 3.33%.
Currently, the stock price of ICICI Bank Limited (IBN) is $24.01. In the most recent trading session, the stock underwent a significant upswing, peaking at $24.08 after opening at $24.06. The stock touched a low of $23.92 before closing at $23.94.
In terms of market performance, ICICI Bank Limited had a somewhat regular. The highest value for the stock in the past year was $24.80 on 07/26/23, while the lowest value was $19.34 on 03/15/23.
52-week price history of IBN Stock
A stock’s 52-week price history, including the low and high prices, can offer valuable insights into its current standing and future prospects. ICICI Bank Limited’s current trading price is -3.17% away from its 52-week high, while its distance from the 52-week low is 24.17%. The stock’s price range over this timeframe has been between $19.34 and $24.80. The shares of the Financial sector company recorded a trading volume of approximately 0.97 million for the day, which was comparatively lower than the average daily volume of 3.82 million over the last three months.
The Connection Between Financial Performance and Market Capitalization
ICICI Bank Limited (IBN) has experienced a quarterly rise of 4.64% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 83.36B and boasts a workforce of 126660 employees.
Expert Opinions: Analysts’ Ratings for ICICI Bank Limited
As of right now, 38 analysts are rating ICICI Bank Limited as a BUY, 1 of the polled analysts branded the stock as an OVERWEIGHT, 3 analysts are recommending to HOLD this stock, 0 of them gave the stock UNDERWEIGHT rating, and 0 analyst is rating the stock as SELL.
How Moving Averages and Trading Volume Data Work Together
Based on Barchart.com data, the company’s moving average over the 100-day period was 23.23, with a change in price of +2.03. Similarly, ICICI Bank Limited recorded 3,809,521 in trading volume during the last 100 days, posting a change of +9.23%.
IBN’s Debt-to-Equity Ratio: A Comprehensive Review
A key metric for assessing a company’s financial well-being and market status is the debt-to-equity (D/E) ratio. This ratio is derived by dividing a company’s total liabilities by its shareholders’ equity, and it demonstrates the level of debt a company uses to support its assets relative to shareholder equity. At the time of writing, the total D/E ratio for IBN stands at 0.81. Similarly, the long-term debt-to-equity ratio is also 0.81.
IBN Stock Stochastic Average
ICICI Bank Limited’s raw stochastic average for the past 50 days is currently at 61.39%. This represents a fall from the raw stochastic average of the last 20 days, which was recorded at 92.91%. Additionally, the company’s Stochastic %K and %D values for the past 20 days were 91.17% and 88.89%, respectively.