The Week Ahead: Are Investors Really Too Optimistic About Hudson Pacific Properties Inc (NYSE: HPP)

Hudson Pacific Properties Inc (NYSE:HPP) currently has a daily average trading volume of 2.29M but it saw 2430781 shares traded in last market. With a market cap of 684.97M USD, the company’s current market price of $4.85 came rising about 1.04 while comparing to the previous closing price of $4.80. In past 52 weeks, the stock remained buoying in the range of price level as high as $9.85 and as low as $4.26. In the recent trading on the day, stock has struck highest price mark of $4.68 while lowest mark touched by it was $4.9385.

Taking a look at 20-day trading activity of Hudson Pacific Properties Inc (HPP) gives us an average price of $5.07, while its current price level is -50.79% below from 52-week high level whereas it is 13.72% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $5.19 while that of 200 days or SMA-200 reads an average of $6.28. A closer look into the stock’s movement over the week reveals that its volatility is standing at 5.60% during that period while stretching the period over a month that decreases to 5.19%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 45.24 which implies that the stock is in neutral territory.

Piper Sandler downgraded its recommendation for the stock as a “Neutral” from “Overweight” on August 08, 2024 while assigning a price target range of $7-$6. BMO Capital Markets also issued its recommendations for the stock as it downgraded the price target for the stock in the range of between $8 and $6.

Over the week, HPP’s stock price is moving -2.81% down while it is 5.43% when we observe its performance for the past one month. Year-to-date it is -47.91% down and over the past year, the stock is showing a downside performance of -30.62%.

Currently, Hudson Pacific Properties Inc’s total number of outstanding shares is 141.03M. Company’s return on investment (ROI) stands at -2.97% and return on equity (ROE) at -6.72%. Stock’s beta reads 1.35. Stock has a price to book (P/B) ratio of 0.25 while price to sale or P/S ratio amounts to 0.77. Its return on asset (ROA) is -2.45% on average.