HSBC Holdings plc (NYSE:HSBC) currently has a daily average trading volume of 2.34M but it saw 2412259 shares traded on Wednesday. With a market cap of 147.39B USD, stock’s current market price of $37.20 came falling about -2.52 while comparing to the previous closing price of $38.16. In past 52 weeks, the stock remained buoying in the range of price level as high as $39.63 and as low as $24.77. In the recent trading on the day, stock has struck highest price mark of $37.405 while lowest mark touched by it was $37.09.
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Taking a look at 20-day trading activity of HSBC Holdings plc (HSBC) gives us an average price of $37.57, while its current price level is -6.13% below from 52-week high level whereas it is 50.18% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $35.85 while that of 200 days or SMA-200 reads an average of $32.65. A closer look into the stock’s movement over the week reveals that its volatility is standing at 0.93% during that period while stretching the period over a month that increases to 1.31%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 49.83 which implies that the stock is in neutral territory.
HSBC Holdings plc (HSBC)’s stock is currently under the radar of 6 analysts who are in consensus at a 12-month price target range of between $49.98 and $49.98 for company’s shares. The average price target assigned by the average number of analysts to a stock is a way to gauge worth of any stock in next 52 weeks. And in assigning price target to a stock, some analysts adopt a bearish approach by advocating lower-than-average price target which in this case is $49.98 while some adopt bullish approach by assigning higher-than-average price target which reads the price to top $49.98. Average price target assigned by them is $49.98 which highlights an upside potential of 25.57% for the stock over that period. And to attain the median price target of $49.98 assigned by those analysts, stock has to add about 25.57% of value to its current levels.
Data by FactSet Research shows that 6 analysts have issued their ratings for the stock. 0 of them are in opinions that stock is a Sell, while 2 are advising it as an Overweight. 4 analysts suggested the investors to Buy the stock while 0 advised them to Hold. Recommendations by all of those brokerages imply a consensus rating of Buy for the stock and that issued by Wall Street to investors is Strong Buy.
Over the week, HSBC’s stock price is moving -2.03% down while it is 6.50% when we observe its performance for the past one month. Year-to-date it is 19.38% up and over the past year, the stock is showing an upside performance of 18.47%.
The company is expected to be releasing its next quarterly report in 08/01/2023, for which analysts forecasted an EPS of $0 while estimate for next year EPS is $0.
Currently, HSBC Holdings plc’s total number of outstanding shares is 3.99B with 0.00% of that held by the insiders while 1.36% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at 11.90% and return on equity (ROE) at 10.80%. It has a price to earnings ratio (P/E ratio) of 6.64. Stock’s beta reads 0.59. Stock has a price to book (P/B) ratio of 0.78 while price to sale or P/S ratio amounts to 2.56. Its return on asset (ROA) is 0.60% on average.
In the most recent quarter, Dimensional International Value E came rising its stake by 0.10% in the company and now holds 1.85 million or 0.05% of the company’s stake having worth of about 66.63 million.
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