ICICI Bank stock: buy or sell?
February 21st, 2020
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.
|New all-time high||No|
|New 52 week high||No|
|Price crossing up 200d MA||No|
|100d MA crossing up 200d MA||No|
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
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.
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%).
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 targetNobody 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 ShareAfter 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.
|Quarter||Reporting date||Estimated EPS||Actual EPS||Surprise|
Annual financial resultsCompared 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%.
|2014||$13,322,300 M||-||$110,410 M0.8%||-|
|2015||$578,947 M||-95.65%||$122,469 M21.2%||10.92%|
|2016||$673,729 M||16.37%||$101,800 M15.1%||-16.88%|
|2017||$785,632 M||16.61%||$101,884 M13.0%||0.08%|
|2018||$847,042 M||7.82%||$77,122 M9.1%||-24.30%|
|TTM||$249,304 M||-70.57%||$23,515 M9.4%||-69.51%|
Quarterly financial resultsReported 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%.
|2017-Q1||$204,739 M||-||$20,828 M10.2%||-|
|2018-Q1||$249,304 M||21.77%||$11,419 M4.6%||-45.17%|
ICICI Bank ownershipWhen 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:
|Market cap||$48.8 B|
|Total shares||3,240.0 M|
|Float shares||3,210.0 M|
|- Institutional holdings (%)||20.9%|
|- Insider holdings (%)||0.0%|
|Shares in short selling||0.0%|
ICICI Bank summary
|Friday, February 21st, 2020|
|Day range||$15.04 - $15.18|
|Average true range||$0.21|
|50d mov avg||$14.98|
|100d mov avg||$14.03|
|200d mov avg||$12.87|
ICICI Bank performancePerformance 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 :
ICICI Bank competitorsUnfortunately, 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
- Seeking AlphaICICI Bank As A Play On India's Continued DevelopmentApril 15, 2019
- Seeking AlphaWhy ICICI Bank Is Outperforming Most FinancialsJanuary 9, 2019