Hookipa Pharma Inc [HOOK] stock Downgrade by BofA Securities analyst, price target now $0.50

Hookipa Pharma Inc [NASDAQ: HOOK] gained 0.76% on the last trading session, reaching $0.59 price per share at the time.

If compared to the average trading volume of 877.78K shares, HOOK reached a trading volume of 287095 in the most recent trading day, which is why market watchdogs consider the stock to be active.

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Here is what top equities market gurus are saying about Hookipa Pharma Inc [HOOK]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for HOOK shares is $4.50 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on HOOK stock is a recommendation set at 1.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

BofA Securities have made an estimate for Hookipa Pharma Inc shares, keeping their opinion on the stock as Underperform, with their previous recommendation back on December 02, 2022. The new note on the price target was released on December 02, 2022, representing the official price target for Hookipa Pharma Inc stock. Previously, the target price had yet another raise to $6, while Morgan Stanley analysts kept a Equal-Weight rating on HOOK stock.

The Average True Range (ATR) for Hookipa Pharma Inc is set at 0.06, with the Price to Sales ratio for HOOK stock in the period of the last 12 months amounting to 1.08. The Price to Book ratio for the last quarter was 0.55, with the Price to Cash per share for the same quarter was set at 0.94.

Trading performance analysis for HOOK stock

Hookipa Pharma Inc [HOOK] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -8.44. With this latest performance, HOOK shares dropped by -32.57% in over the last four-week period, additionally sinking by -29.40% over the last 6 months – not to mention a drop of -31.27% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for HOOK stock in for the last two-week period is set at 33.56, with the RSI for the last a single of trading hit 27.78, and the three-weeks RSI is set at 36.68 for Hookipa Pharma Inc [HOOK]. The present Moving Average for the last 50 days of trading for this stock 0.7868, while it was recorded at 0.6062 for the last single week of trading, and 0.6798 for the last 200 days.

Hookipa Pharma Inc [HOOK]: A deeper dive into fundamental analysis

Hookipa Pharma Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 4.50 and a Current Ratio set at 4.50.

Hookipa Pharma Inc [HOOK]: An earnings per share (EPS) analysis

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for HOOK. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Hookipa Pharma Inc go to 14.50%.

An analysis of Institutional ownership at Hookipa Pharma Inc [HOOK]

The top three institutional holders of HOOK stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.5034%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $178.43 billion in HOOK stocks shares; and BERKSHIRE HATHAWAY INC, currently with $135.36 billion in HOOK stock with ownership which is approximately 5.1238%.

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