HSBC's stock closed at $36.26 on Thursday, marking a slight decline of 0.19% from its previous close. The trading volume reached 2,624,737 shares, with the stock price oscillating between a high of $36.40 and a low of $36.02 during the session.
The bank's financial ratios suggest potential for growth. These include a Debt-to-Equity ratio of 1.87, Long-Term Debt/Eq ratio of 0.88, and Market Capitalization of $140.31B. The current fiscal year P/E ratio stands at 5.28, Forward P/E ratio at 5.68, and a projected five-year PEG of 0.24. The TTM P/S ratio is 1.91, and the P/B ratio is 0.76.
HSBC's stock has ranged from $25.62 to $42.47 over the past 52 weeks, with a 50-Day Moving Average of 38.56 and a 200-Day Moving Average of 37.85. The bank's trailing annual dividend yield is 1.46%, with a forward annual dividend yield projected at 7.31%.
On October 12, HSBC had 11.2M shares short with a short ratio of 10.75M, and a current payout ratio of 42.59%. The floating share count stands at 3.89B, with insiders holding about 0% and institutions holding a stake of approximately 1.59% in the company's shares.
InvestingPro Insights
Based on InvestingPro's real-time data, HSBC's market capitalization stands at $138.95B, a slight difference from the mentioned $140.31B. The bank's P/E ratio is 5.22, a little lower than the stated 5.28, indicating a potentially undervalued stock. In the last twelve months as of Q3 2023, the revenue growth was a robust 47.98%, which aligns with the first InvestingPro Tip that HSBC's revenue growth has been accelerating.
InvestingPro Tips also highlight that HSBC has consistently increased its earnings per share and raised its dividend for 3 consecutive years. This is supported by the InvestingPro Data showing a significant dividend yield of 9.98% and a substantial dividend growth of 170.15% over the last twelve months as of Q3 2023.
InvestingPro offers a total of 11 additional tips for HSBC, providing a comprehensive overview of the company's financial health and market position. These tips are part of InvestingPro's extensive product offerings designed to empower investors with the most relevant and timely information.
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