Hope Bancorp Inc [NASDAQ: HOPE] surged by $0.27 during the normal trading session on while it closed the day at $10.24.
Hope Bancorp Inc stock has also gained 8.94% of its value over the past 7 days. However, HOPE stock has declined by -15.37% in the 3 months of the year. Over the past six months meanwhile, it has lost -19.05% and lost -16.68% year-on date.
The market cap for HOPE stock reached $1.31 billion, with 127.88 million shares outstanding and 121.29 million shares in the current float. Compared to the average trading volume of 1.03M shares, HOPE reached a trading volume of 3331854 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about Hope Bancorp Inc [HOPE]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for HOPE shares is $11.88 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on HOPE stock is a recommendation set at 2.50. 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.
DA Davidson have made an estimate for Hope Bancorp Inc shares, keeping their opinion on the stock as Buy, with their previous recommendation back on April 30, 2024. While these analysts kept the previous recommendation, DA Davidson dropped their target price from $20 to $16. The new note on the price target was released on May 18, 2022, representing the official price target for Hope Bancorp Inc stock.
The Average True Range (ATR) for Hope Bancorp Inc is set at 0.41, with the Price to Sales ratio for HOPE stock in the period of the last 12 months amounting to 1.34. The Price to Book ratio for the last quarter was 0.57. Price to Free Cash Flow for HOPE in the course of the last twelve months was 12.25.
HOPE stock trade performance evaluation
Hope Bancorp Inc [HOPE] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 8.94. With this latest performance, HOPE shares dropped by -3.49% in over the last four-week period, additionally sinking by -19.05% over the last 6 months – not to mention a drop of -5.01% 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 HOPE stock in for the last two-week period is set at 56.54, with the RSI for the last a single of trading hit 65.20, and the three-weeks RSI is set at 51.45 for Hope Bancorp Inc [HOPE]. The present Moving Average for the last 50 days of trading for this stock 10.33, while it was recorded at 9.80 for the last single week of trading, and 11.99 for the last 200 days.
Hope Bancorp Inc [HOPE]: An insightful look at the core fundamentals
Hope Bancorp Inc’s liquidity data is similarly interesting compelling, with a Current Ratio set at 0.22.
Hope Bancorp Inc [HOPE]: Institutional Ownership
There are presently around $86.73%, or 90.98%% of HOPE stock, in the hands of institutional investors. The top three institutional holders of HOPE stocks are: BLACKROCK INC. with ownership of 17.43 million shares, which is approximately 14.4432%. VANGUARD GROUP INC, holding 13.78 million shares of the stock with an approximate value of $$147.96 million in HOPE stocks shares; and VANGUARD GROUP INC, currently with $$80.81 million in HOPE stock with ownership which is approximately 6.2358%.
