Hope Bancorp Inc (NASDAQ:HOPE) shares, rose in value on Friday, March 28, with the stock price down by -2.07% to the previous day’s close as strong demand from buyers drove the stock to $10.42.
Actively observing the price movement in the last trading, the stock closed the session at $10.64, falling within a range of $10.345 and $10.69. The value of beta (5-year monthly) was 1.139 whereas the PE ratio was 12.67 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 -3.70% over the past month.
With the market capitalization of Hope Bancorp Inc currently standing at about $1.26 billion, investors are eagerly awaiting this quarter’s results, scheduled for on 2025-Jan-26. The company’s Forward Dividend Ratio is 0.56, with its dividend yield at 5.37%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 529.63M, 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 116.6M.
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 100% Sell.
The stock’s technical analysis shows that the price of HOPE currently trading nearly -0.71% and -6.29% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 39.44, while the 7-day volatility ratio is showing 2.26% which for the 30-day chart, stands at 2.47%. Furthermore, Hope Bancorp Inc (HOPE)’s beta value is 0.95, and its average true range (ATR) is 0.26.
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 -2.07% in last session, and over the past year, it shrunk by -4.84%%.
Data on historical trading for Hope Bancorp Inc (NASDAQ:HOPE) indicates that the trading volumes over the past 10 days have averaged 0.81 and over the past 3 months, they’ve averaged 733.60K. According to company’s latest data on outstanding shares, there are 120.76 million shares outstanding.
Nearly 5.05% of Hope Bancorp Inc’s shares belong to company insiders and institutional investors own 90.58% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 2.65 million shares as on 2025-03-14, resulting in a short ratio of 3.61. According to the data, the short interest in Hope Bancorp Inc (HOPE) stood at 317.00 of shares outstanding as of 2025-03-14; the number of short shares registered in 2025-02-14 reached 1.7 million. The stock has fallen by -15.22% 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.
