Hope Bancorp Inc (NASDAQ:HOPE) shares, rose in value on Friday, May 30, with the stock price down by -1.18% to the previous day’s close as strong demand from buyers drove the stock to $10.04.
Actively observing the price movement in the last trading, the stock closed the session at $10.16. The PE ratio was 12.83 over 12-month period. Referring to stock’s 52-week performance, its high was $14.53, and the low was $8.82. On the whole, HOPE has fluctuated by 0.70% over the past month.
With the market capitalization of Hope Bancorp Inc currently standing at about $1.29 billion, investors are eagerly awaiting this quarter’s results, scheduled for in June. The company’s Forward Dividend Ratio is 0.56, with its dividend yield at 5.58%.
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 50% 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 -2.01% and -0.17% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 46.10, while the 7-day volatility ratio is showing 1.95% which for the 30-day chart, stands at 1.63%. Furthermore, Hope Bancorp Inc (HOPE)’s beta value is 0.88, and its average true range (ATR) is 0.25.
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 -1.18% in last session, and over the past year, it shrunk by -2.90%%.
Data on historical trading for Hope Bancorp Inc (NASDAQ:HOPE) indicates that the trading volumes over the past 3 months, they’ve averaged 1.12 million. According to company’s latest data on outstanding shares, there are 128.06 million shares outstanding.
Nearly 5.24% of Hope Bancorp Inc’s shares belong to company insiders and institutional investors own 85.53% of the company’s shares. The stock has fallen by -18.31% 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.
