The leading market experts have placed a mean price target of $12.13 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 $0.20 a share for the upcoming quarter and $0.74 for the current fiscal.
The technical analysis of Heritage Commerce Corp plainly substantiates that the 50-day moving average of Heritage Commerce Corp is $11.09, and stock is trading $0.39 points away or +3.53% from its 50-day moving average of $11.09. Further it is trading $1.07 or +10.32% away its 200-day moving average of $10.41. Heritage Commerce Corp (NASDAQ:HTBK) 52-week high is $12.38 and the 52-week low is $8.84.
This explains if the stock moves $-0.90, it will post a 52-week high. In event of +29.86% 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 20.25.
The stock last ended the trading session at $11.48 and registered a market cap of $370.75M. 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 1.57.
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