Stock To Watch: Hanmi Financial Corporation (NASDAQ:HAFC)


The leading market experts have placed a mean price target of $27.67 on Hanmi Financial Corporation (NASDAQ:HAFC) stock. This price level, which is estimated to be attained in one-year, indicates the mean of stock opinions given by the companies included in the First Call survey. The renowned research firms have predicted earnings of $0.44 a share for the upcoming quarter and $1.79 for the current fiscal.

Technical View

The technical analysis of Hanmi Financial Corporation plainly substantiates that the 50-day moving average of Hanmi Financial Corporation is $23.91, and stock is trading $1.08 points away or +4.53% from its 50-day moving average of $23.91. Further it is trading $2.38 or +10.52% away its 200-day moving average of $22.61. Hanmi Financial Corporation (NASDAQ:HAFC) 52-week high is $28.09 and the 52-week low is $18.92.

This explains if the stock moves $-3.10, it will post a 52-week high. In event of +32.08% decline, a 52-week low will be hit.

Taking the valuation aspect to emphasize the valuation of Hanmi Financial Corporation, shareholders can apply financial tool known as price-to-earnings ratio. This financial ratio assesses stock’s valuation by considering the relative expense of the stock. Following this ratio, Hanmi Financial Corporation (NASDAQ:HAFC) ratio came in at 13.96.

The stock last ended the trading session at $24.99 and registered a market cap of $796.73M. To appraise firm’s growth, the shareholders take help of the Price-to-Earnings-Growth ratio. When a stock has a higher PEG ratio, it is suggestive of lower stock appreciation in approaching sessions. A stock comes in the group of undervalued stocks when its PEG ratio falls in between 0 and 1. Hanmi Financial Corporation (NASDAQ:HAFC) PEG ratio is at 1.76.

1 Chart Pattern Every Investor Should Know

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