Hope Bancorp Inc (NASDAQ: HOPE)’s stock price has plunge by 0.64relation to previous closing price of 11.00. Nevertheless, the company has seen a 7.68% surge in its stock price over the last five trading sessions. Business Wire reported 2024-04-10 that LOS ANGELES–(BUSINESS WIRE)–Hope Bancorp, Inc. (NASDAQ: HOPE) today announced that the Company will report financial results for its 2024 first quarter before the markets open on Monday, April 29, 2024. A conference call to discuss 2024 first quarter financial results will be held on Monday, April 29, 2024, at 9:30 a.m. Pacific Time / 12:30 p.m. Eastern Time. A presentation deck to accompany the earnings call will be available at the Investor Relations section of Hope Bancorp’s website at www.
Is It Worth Investing in Hope Bancorp Inc (NASDAQ: HOPE) Right Now?
Hope Bancorp Inc (NASDAQ: HOPE) has a higher price-to-earnings ratio of 9.97x compared to its average ratio, The 36-month beta value for HOPE is at 1.12. Analysts have varying views on the stock, with 0 analysts rating it as a “buy,” 1 rating it as “overweight,” 6 as “hold,” and 0 as “sell.”
The public float for HOPE is 113.90M, and currently, shorts hold a 1.58% of that float. The average trading volume for HOPE on April 25, 2024 was 661.68K shares.
HOPE’s Market Performance
The stock of Hope Bancorp Inc (HOPE) has seen a 7.68% increase in the past week, with a -0.45% drop in the past month, and a -6.50% fall in the past quarter. The volatility ratio for the week is 2.76%, and the volatility levels for the past 30 days are at 2.45% for HOPE. The simple moving average for the last 20 days is 2.23% for HOPE stock, with a simple moving average of 7.40% for the last 200 days.
Analysts’ Opinion of HOPE
Many brokerage firms have already submitted their reports for HOPE stocks, with DA Davidson repeating the rating for HOPE by listing it as a “Neutral.” The predicted price for HOPE in the upcoming period, according to DA Davidson is $16 based on the research report published on May 18, 2022 of the previous year 2022.
HOPE Trading at 1.09% from the 50-Day Moving Average
After a stumble in the market that brought HOPE to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -11.51% of loss for the given period.
Volatility was left at 2.45%, however, over the last 30 days, the volatility rate increased by 2.76%, as shares surge +1.10% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -0.81% lower at present.
During the last 5 trading sessions, HOPE rose by +7.68%, which changed the moving average for the period of 200-days by +29.17% in comparison to the 20-day moving average, which settled at $10.83. In addition, Hope Bancorp Inc saw -8.36% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at HOPE starting from Stenger Thomas, who sale 1,500 shares at the price of $12.19 back on Dec 14 ’23. After this action, Stenger Thomas now owns 30,700 shares of Hope Bancorp Inc, valued at $18,285 using the latest closing price.
Stenger Thomas, the SEVP, Chief Risk Officer of Hope Bancorp Inc, sale 3,000 shares at $9.34 during a trade that took place back on Sep 08 ’23, which means that Stenger Thomas is holding 32,200 shares at $28,020 based on the most recent closing price.
Stock Fundamentals for HOPE
Current profitability levels for the company are sitting at:
- 0.68 for the present operating margin
- 1.0 for the gross margin
The net margin for Hope Bancorp Inc stands at 0.19. The total capital return value is set at 0.03. Equity return is now at value 6.46, with 0.70 for asset returns.
Based on Hope Bancorp Inc (HOPE), the company’s capital structure generated 0.64 points at debt to capital in total, while cash flow to debt ratio is standing at 0.13. The debt to equity ratio resting at 1.75. The interest coverage ratio of the stock is 1.21.
Currently, EBITDA for the company is 1.8 million with net debt to EBITDA at -0.1. When we switch over and look at the enterprise to sales, we see a ratio of 1.83. The receivables turnover for the company is 11.58for trailing twelve months and the total asset turnover is 0.04. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.12.
Conclusion
In conclusion, Hope Bancorp Inc (HOPE) has had a mixed performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
