The stock of Hope Bancorp Inc (HOPE) has gone down by -3.25% for the week, with a -11.60% drop in the past month and a -2.38% drop in the past quarter. The volatility ratio for the week is 2.88%, and the volatility levels for the past 30 days are 2.77% for HOPE. The simple moving average for the past 20 days is -5.07% for HOPE’s stock, with a -0.20% simple moving average for the past 200 days.
Is It Worth Investing in Hope Bancorp Inc (NASDAQ: HOPE) Right Now?
The price-to-earnings ratio for Hope Bancorp Inc (NASDAQ: HOPE) is above average at 14.13x, Company’s 36-month beta value is 1.15.Analysts have differing opinions on the stock, with 1 analysts rating it as a “buy,” 0 as “overweight,” 4 as “hold,” and 0 as “sell.”
The public float for HOPE is 114.64M, and currently, short sellers hold a 1.84% ratio of that floaft. The average trading volume of HOPE on January 09, 2025 was 730.79K shares.
HOPE) stock’s latest price update
The stock price of Hope Bancorp Inc (NASDAQ: HOPE) has plunged by -0.59 when compared to previous closing price of 11.96, but the company has seen a -3.25% decline in its stock price over the last five trading sessions. prnewswire.com reported 2024-10-29 that Hope Cannot Walk Away if Board Allows Investors to Perform Due Diligence Hope Can Only Walk Away if Board Changes Recommendation or Breaches Merger Agreement Calls on Board to Exercise Risk-Free Option to Explore Potentially Superior Offer Encourages Territorial Shareholders to Force Another Postponement by Voting AGAINST Hope Sale Again at the Adjourned Special Meeting of Stockholders on November 6, 2024 Responds to Illogical Board Excuses for not Engaging with Investors HONOLULU, Oct. 29, 2024 /PRNewswire/ — Blue Hill Advisors today issued the following open letter to shareholders of Territorial Bancorp Inc. (“Territorial” or the “Company”) (NASDAQ: TBNK). Dear Fellow Territorial Shareholders, Territorial’s Board of Directors has flooded you with materials urging you to support the Company’s proposed sale to Hope Bancorp, Inc. (“Hope”) (NASDAQ: HOPE) and dismiss our proposal.
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 previous 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 -8.67% 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 -18.20% of loss for the given period.
Volatility was left at 2.77%, however, over the last 30 days, the volatility rate increased by 2.88%, as shares sank -10.53% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -4.65% lower at present.
During the last 5 trading sessions, HOPE fell by -3.25%, which changed the moving average for the period of 200-days by +7.80% in comparison to the 20-day moving average, which settled at $12.53. In addition, Hope Bancorp Inc saw -3.25% 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 Malone David P, who sale 28,763 shares at the price of $13.50 back on Dec 10 ’24. After this action, Malone David P now owns 81,228 shares of Hope Bancorp Inc, valued at $388,306 using the latest closing price.
Malone David P, the Director of Hope Bancorp Inc, proposed sale 28,796 shares at $13.58 during a trade that took place back on Dec 06 ’24, which means that Malone David P is holding shares at $391,050 based on the most recent closing price.
Stock Fundamentals for HOPE
Current profitability levels for the company are sitting at:
- 0.24 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 0.02. Equity return is now at value 4.85, with 0.54 for asset returns.
Based on Hope Bancorp Inc (HOPE), the company’s capital structure generated 0.09 points at debt to capital in total, while cash flow to debt ratio is standing at 0.7. The debt to equity ratio resting at 0.1. The interest coverage ratio of the stock is 0.52.
Currently, EBITDA for the company is 1.8 million with net debt to EBITDA at -849.19. When we switch over and look at the enterprise to sales, we see a ratio of 1.1. The receivables turnover for the company is 17.68for 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
In a nutshell, Hope Bancorp Inc (HOPE) has experienced a bad performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. 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.
