Is HSBC Holdings plc ADR (NYSE: HSBC) Proving The Doubters Wrong?

HSBC Holdings plc ADR (HSBC) concluded trading on Wednesday at a closing price of $37.22, with 8.24 million shares of worth about $306.7 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -1.40% during that period and on Wednesday the price saw a loss of about -8.89%. Currently the company’s common shares owned by public are about 3.99B shares, out of which, 3.85B shares are available for trading.

Stock saw a price change of -3.70% in past 5 days and over the past one month there was a price change of -2.90%. Year-to-date (YTD), HSBC shares are showing a performance of -8.19% which decreased to -0.32% 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 1.92 million. The stock is currently trading -5.64% below its 20-day simple moving average (SMA20), while that difference is down -5.79% for SMA50 and it goes to -4.47% lower than SMA200.

HSBC Holdings plc ADR (NYSE: HSBC) currently have 3.99B outstanding shares and institutions hold larger chunk of about 1.51% of that.

The stock has a current market capitalization of $143.28B and its 3Y-monthly beta is at 0.65. PE ratio of stock for trailing 12 months is 5.41, while it has posted earnings per share of $6.87 in the same period. Its PEG reads 0.25 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 0.98% while standing at 0.97% over the month.

Analysts are in expectations that HSBC Holdings plc ADR (HSBC) stock would likely to be making an EPS of $0 in the current quarter, while forecast for next quarter EPS is $0 and it is $0 for next year. For the current quarter EPS, analysts have given the company a lowest target $0 which is $0 at the higher side of the target for the same. Stock’s fiscal year EPS is expected to rise by 10.46% while it is estimated to decrease by -1.31% 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.

Stock get a Neutral rating from UBS on August 29, 2023.

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