The stock of Hope Bancorp Inc (HOPE) has gone down by -2.47% for the week, with a -1.56% drop in the past month and a -3.66% drop in the past quarter. The volatility ratio for the week is 4.76%, and the volatility levels for the past 30 days are 2.91% for HOPE. The simple moving average for the past 20 days is 0.31% for HOPE’s stock, with a 10.67% simple moving average for the past 200 days.
Is It Worth Investing in Hope Bancorp Inc (NASDAQ: HOPE) Right Now?
Hope Bancorp Inc (NASDAQ: HOPE) has a price-to-earnings ratio that is above its average at 14.19x. The stock has a 36-month beta value of 1.13. Opinions on the stock are mixed, with 0 analysts rating it as a “buy,” 1 as “overweight,” 6 as “hold,” and 0 as “sell.”
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The public float for HOPE is 114.50M, and at present, short sellers hold a 2.45% of that float. On October 22, 2024, the average trading volume of HOPE was 732.84K shares.
HOPE) stock’s latest price update
The stock price of Hope Bancorp Inc (NASDAQ: HOPE) has plunged by -4.46 when compared to previous closing price of 13.24, but the company has seen a -2.47% decline in its stock price over the last five trading sessions. zacks.com reported 2024-10-21 that Hope Bancorp (HOPE) doesn’t possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
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 “Buy.” The predicted price for HOPE in the upcoming period, according to DA Davidson is $12.50 based on the research report published on April 30, 2024 of the current year 2024.
DA Davidson, on the other hand, stated in their research note that they expect to see HOPE reach a price target of $16, previously predicting the price at $20. The rating they have provided for HOPE stocks is “Neutral” according to the report published on May 18th, 2022.
HOPE Trading at 1.27% 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 -6.92% of loss for the given period.
Volatility was left at 2.91%, however, over the last 30 days, the volatility rate increased by 4.76%, as shares sank -0.78% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +8.30% upper at present.
During the last 5 trading sessions, HOPE fell by -2.47%, which changed the moving average for the period of 200-days by +8.03% in comparison to the 20-day moving average, which settled at $12.61. In addition, Hope Bancorp Inc saw 4.72% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at HOPE starting from Harris Angelee, who sale 1,500 shares at the price of $12.48 back on Sep 04 ’24. After this action, Harris Angelee now owns 23,331 shares of Hope Bancorp Inc, valued at $18,720 using the latest closing price.
Malone David P, the Director of Hope Bancorp Inc, sale 10,428 shares at $12.71 during a trade that took place back on Aug 29 ’24, which means that Malone David P is holding 109,991 shares at $132,569 based on the most recent closing price.
Stock Fundamentals for HOPE
Current profitability levels for the company are sitting at:
- 0.38 for the present operating margin
- 1.0 for the gross margin
The net margin for Hope Bancorp Inc stands at 0.11. The total capital return value is set at 0.11. Equity return is now at value 5.15, with 0.57 for asset returns.
Based on Hope Bancorp Inc (HOPE), the company’s capital structure generated 0.12 points at debt to capital in total, while cash flow to debt ratio is standing at 0.96. The debt to equity ratio resting at 0.14. The interest coverage ratio of the stock is 0.83.
Currently, EBITDA for the company is 1.8 million with net debt to EBITDA at -10.74. When we switch over and look at the enterprise to sales, we see a ratio of 1.27. The receivables turnover for the company is 16.39for trailing twelve months and the total asset turnover is 0.05. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.05.
Conclusion
To sum up, Hope Bancorp Inc (HOPE) has seen a mixed performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
