Stock To Watch: Heritage Commerce Corp (NASDAQ:HTBK)


The leading market experts have placed a mean price target of $11.880 on Heritage Commerce Corp (NASDAQ:HTBK) 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 $0.190 a share for the upcoming quarter and $0.730 for the current fiscal. Technical View The technical analysis of Heritage Commerce Corp plainly substantiates that the 50-day moving average of Heritage Commerce Corp is $10.600, and stock is hovering 0.385 or +3.635% distant from $10.600. It is noted that the 200-day MA is $10.174, and Heritage Commerce Corp stock is $0.811 or +7.968% off from this point. Heritage Commerce Corp (NASDAQ:HTBK) 52-week high is $12.380 and the 52-week low is $8.840. This explains if the stock moves $-1.395, it will post a 52-week high. In event of $+24.265% points decline, a 52-week low will be hit. Taking the Valuation Aspect To emphasize the valuation of Heritage Commerce Corp, 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, Heritage Commerce Corp (NASDAQ:HTBK) ratio came in at 21.372. The stock last ended the trading session at $10.985 and registered a market cap of $353.39M. 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. Heritage Commerce Corp (NASDAQ:HTBK) PEG ratio is at 1.500.

1 Chart Pattern Every Investor Should Know

This little-known pattern preceded moves of 578% in ARWR, 562% in LCI, 513% in ICPT, 439% in EGRX, 408% in ADDUS and more...

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