HSBC Holdings plc ADR (HSBC) concluded trading on 01/11/24 at a closing price of $39.42, with 4.88 million shares of worth about $192.24 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -2.79% during that period and on Thursday the price saw a loss of about -3.00%. Currently the company’s common shares owned by public are about 3.99B shares, out of which, 3.85B shares are available for trading.
A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 6 analysts are covering the HSBC stock and their offered price forecasts bring an average price target of $9.86. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $12.50 and could fall to a lowest price of $7.33. The stock’s current price level is 14.97% above of average price target set by the analysts, while a rise to estimated low would result in loss of -437.79% for the stock. However, touching the estimated high of $12.50 would mean a loss of -215.36% for the stock.
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HSBC Holdings plc ADR (NYSE: HSBC) started trading at $40.20, below -$0.44 from concluding price of the previous day. However, the stock later moved at a day high price of 40.23, or with a loss of -3.00%. Stock saw a price change of -2.21% in past 5 days and over the past one month there was a price change of 1.08%. Year-to-date (YTD), HSBC shares are showing a performance of -2.76% which increased to 14.63% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $32.40 but also hit the highest price of $42.47 during that period. The average intraday trading volume for HSBC Holdings plc ADR shares is 1.98 million. The stock is currently trading -1.56% below its 20-day simple moving average (SMA20), while that difference is up 1.60% for SMA50 and it goes to 2.54% higher than SMA200.
HSBC Holdings plc ADR (NYSE: HSBC) currently have 3.99B outstanding shares and institutions hold larger chunk of about 1.59% of that.
The stock has a current market capitalization of $151.75B and its 3Y-monthly beta is at 0.64. PE ratio of stock for trailing 12 months is 5.73, while it has posted earnings per share of $6.87 in the same period. Its PEG reads 0.26 while making debt-to-equity ratio of 1.87. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for HSBC, volatility over the week remained 1.26% while standing at 0.96% over the month.
Stock’s fiscal year EPS is expected to rise by 74.55% while it is estimated to decrease by -1.18% in next year. EPS is likely to grow at an annualized rate of 21.90% for next 5-years, compared to annual growth of 9.24% made by the stock over the past 5-years.
Analysts at 6 brokerage firms have issued recommendations for the HSBC Holdings plc ADR (HSBC)’s stock and average of those rates the stock at a “Strong Buy” and assign it a score of 1.67. Out of those 6 Wall Street analysts, 3 recommended a “Buy” rating, while 1 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
