Hope Bancorp Inc (NASDAQ:HOPE) shares, rose in value on Friday, March 07, with the stock price up by 0.86% to the previous day’s close as strong demand from buyers drove the stock to $10.57.
Actively observing the price movement in the last trading, the stock closed the session at $10.48. The PE ratio was 12.85 over 12-month period. Referring to stock’s 52-week performance, its high was $14.53, and the low was $9.80. On the whole, HOPE has fluctuated by -10.73% over the past month.
With the market capitalization of Hope Bancorp Inc currently standing at about $1.28 billion, investors are eagerly awaiting this quarter’s results, scheduled for in April. The company’s Forward Dividend Ratio is 0.56, with its dividend yield at 5.30%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 530.13M, with a low estimate of 114M and a high estimate of 120.4M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 116.77M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that HOPE’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium-term indicators have put the stock in the category of 100% Sell while long-term indicators on average have been pointing out that it is a 50% Sell.
The stock’s technical analysis shows that the price of HOPE currently trading nearly -4.10% and -8.85% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 31.99, while the 7-day volatility ratio is showing 3.22% which for the 30-day chart, stands at 2.39%. Furthermore, Hope Bancorp Inc (HOPE)’s beta value is 0.96, and its average true range (ATR) is 0.30.
A comparison of Hope Bancorp Inc (HOPE) with its peers suggests the former has fared considerably weaker in the market. HOPE showed an intraday change of 0.86% in last session, and over the past year, it shrunk by -5.54%%.
Data on historical trading for Hope Bancorp Inc (NASDAQ:HOPE) indicates that the trading volumes over the past 3 months, they’ve averaged 703.59K. According to company’s latest data on outstanding shares, there are 120.76 million shares outstanding.
Nearly 5.03% of Hope Bancorp Inc’s shares belong to company insiders and institutional investors own 90.62% of the company’s shares. The stock has fallen by -14.00% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the HOPE stock heading into the next quarter.
