ICICI Bank stock: buy or sell?

IBN stock price: $15.05 -0.73% At close on February 21st, 2020

Updated on:
February 21st, 2020

5

ICICI Bank depreciated -0.73% to $15.05 after topping to all time highs on February/12.

ICICI Bank Limited, together with its subsidiaries, provides banking and financial services in India and internationally.

Should I buy ICICI Bank stock?

Make a decision about when to buy or sell stocks is one of the hardest parts of being a trader or investor. That's why is so important to define your own trading strategy that matches with your character as inversor. There are thousands of trading strategies for you to choose, but at Stocks2.com we prefer those that are simple but successful.

Currently, ICICI Bank stock doesn't match any of these trading strategies, so our recommendation is not to buy.

Buy setupElegible
New all-time highNo
New 52 week highNo
Price crossing up 200d MANo
100d MA crossing up 200d MANo
This is not a selling recommendation at all, just it's not the best moment to buy if you follow any of these trading strategies.

Is ICICI Bank stock a buy?

Financial institutions and banks publish stock ratings everyday. Unfortunately, we couldn't detect any rating for IBN stock for the last month.

ICICI Bank stock analysis

Daily outlook

ICICI Bank depreciated -0.73% to $15.05 after reaching all time highs on Feb/12.

ICICI Bank depreciated -0.73% today to $15.05 after marking all time highs on Feb 12th. On November, SMA50d and SMA100d crossed up triggering a rise of 14.80%. On October IBN price bounced up over the SMA of 100 days demonstrating to be a significant support for this stock. On Feb/12, IBN hit new all time highs, pushing higher previous ATH of $15.37 recorded on Feb/11. New ATHs are usual entry points for many trading setups as there aren't higher resistences.

IBN stock chart (daily)

Weekly outlook

Shares of ICICI Bank ended this week at $15.05 and remained steady a tight -0.27%.

Not so far away is the last all-time high ICICI Bank marked last week. Early September IBN price bounced up over the SMA of 40 weeks that acted as support stopping new slides. Since SMA10d and SMA20w crossed up late October 2019, IBN price climbed $2.02 per share (15.50%).

IBN stock chart (weekly)

ICICI Bank stock price history

ICICI Bank IPO was on March 28th, 2000 at $1.88 per share1. Since then, IBN stock surged a 700.50%, with a yearly average of 36.90%. If you had invested $1,000 in ICICI Bank stock in 2000, it would worth $7,005.00 today.

1: Adjusted price after possible price splits or reverse-splits.

ICICI Bank stock historical price chart

IBN stock reached all-time highs on Feb 12th with a price of $15.42.

ICICI Bank stock price target

Nobody can reliably foresee how stock prices may evolve in the future. However, banks and other financial institutions analysts, with the help of lots of data and algorithms do their best to predict the stock prices movement. The accuracy of these stock price predictions is not very high, and you should not blindly believe and make decisions only based on what this ratings or price target predictions say. For the last 30 days we have not found any price forecast for ICICI Bank stock by any trusted analyst.

Financials and fundamental analysis

Earnings date and Earnings per Share

After presenting its last earnings report on April, ICICI Bank . As soon as we get its actual EPS from the earnings report, we will update this review.
IBN earnings date and EPS evolution
QuarterReporting dateEstimated EPSActual EPSSurprise
2016-Q4-n/an/an/a
2017-Q1-n/an/an/a
2017-Q2-n/an/an/a
2017-Q3-n/an/an/a
2017-Q42018-04-03n/an/an/a
2018-Q12018-05-070.070.05-28.6%
2018-Q22018-07-270.06-0.01n/a
2018-Q32019-01-04n/an/an/a
2018-Q42019-04-03n/an/an/a
2019-Q1-n/an/an/a

Annual financial results

Compared to 2017, last anual turnover report draw a great increase of 7.82% to $847,042.00 M dollars. Nevertheless, its income margin (compared to sales) decreased to 9.10%, that is $77,121.90 million.

To have an updated picture of the financial situation of ICICI Bank, we have calculated the trailing twelve month (TTM) sales and income figures. TTM values are the sum of the last 4 quarters and aproximate to an annual fiscal report ending in 2018-Q4 that can be compared to 2018 fiscal year results. Annual ICICI Bank TTM sales up to December 2018 were $249,304.00 and income was $23,514.80 million dollars. If we compare this TTM figures with the last reported annuality, we can review ICICI Bank business evolution since March 2018: Annual sales up to December, compared to lastest yearly report, collapsed a frightening -70.57%. In contrast, profit margin (net income/sales) stayed constant at 9.10%.

IBN annual Sales and Income evolution
YearSalesYoYIncome/(margin)YoY
2014$13,322,300 M-$110,410 M0.8%-
2015$578,947 M-95.65%$122,469 M21.2%10.92%
2016$673,729 M16.37%$101,800 M15.1%-16.88%
2017$785,632 M16.61%$101,884 M13.0%0.08%
2018$847,042 M7.82%$77,122 M9.1%-24.30%
TTM $249,304 M-70.57%$23,515 M9.4%-69.51%

Quarterly financial results

Reported quarter earnings marked million with a profit margin of . Profit margin remained steady a 0.00% compared to previous quarter when profit margin was inf%. When comparing sales to same quarter last year, ICICI Bank sales marked a tight movement and remained steady a nan%.
IBN quarterly Sales and Income evolution
QuarterSales1QoQ2Income1/(margin)QoQ2
2017-Q1$204,739 M-$20,828 M10.2%-
2018-Q1$249,304 M21.77%$11,419 M4.6%-45.17%

ICICI Bank ownership

When you are planning to invest in shares of a company, it's worth to review its ownership structure.

Management staff in all public traded companies that hold equity is required to report every transaction to the SEC. For ICICI Bank, 0.00% of all outstanding shares are owned by its staff.

In case of ICICI Bank stock, 20.89% of its shares are held by institutions (mutual funds, pension funds, big banks and other large financial institutions). Bearish positions for IBN stock account 0.00%, no big difference from last month.

For a better understanding, the next table shows ownership data compared to other related companies:

IBN
Market cap$48.8 B
Total shares3,240.0 M
Float shares3,210.0 M
  - Institutional holdings (%)20.9%
  - Insider holdings (%)0.0%
Shares in short selling0.0%

ICICI Bank summary

Friday, February 21st, 2020
Open$15.16
Close$15.05
Day range$15.04 - $15.18
Previous close$15.16
Session gain-0.73%
Average true range$0.21
50d mov avg$14.98
100d mov avg$14.03
200d mov avg$12.87
Daily patternlt01a
Weekly pattern

ICICI Bank performance

Performance as an absolute value is never valid if it's not benchmarked against competitors or related stocks in the industry. In the following table, we compare ICICI Bank performance to :
Stock3m6m12m
IBNICICI Bank10.01%34.74%52.17%

ICICI Bank competitors

Unfortunately, we could not find any public company that could be defined as ICICI Bank competitor. This doesn't mean ICICI Bank does not have any competitor in the market, it's just we could not detected it.

    Latest ICICI Bank stock news