Wall Street predicts Hookipa Pharma Inc (HOOK) stock to surge by 270.37%

A share price of Hookipa Pharma Inc [HOOK] is currently trading at $0.81, up 5.05%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The HOOK shares have gain 21.49% over the last week, with a monthly amount glided 26.39%, and seem to be holding up well over a long-time horizon.

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On 29, January 2024, HOOKIPA Pharma Provides Update on Business Priorities and Oncology Partnership Programs. In a post published today on Yahoo Finance, HOOKIPA to prioritize clinical development of HB-200 for the treatment of HPV16+ head and neck cancers and Gilead-partnered programs in infectious disease.

From an analyst’s perspective:

Hookipa Pharma Inc [NASDAQ: HOOK] stock has seen the most recent analyst activity on December 02, 2022, when BofA Securities downgraded its rating to a Underperform but kept the price target unchanged to $0.50 for it. Previously, BofA Securities downgraded its rating to Underperform on December 02, 2022. On November 12, 2021, downgrade downgraded it’s rating to Equal-Weight but maintained its price target of $6 on the stock. Morgan Stanley started tracking the stock assigning a Overweight rating and suggested a price target of $19 on April 08, 2021. Truist initiated its recommendation with a Buy and recommended $21 as its price target on November 03, 2020. JMP Securities started tracking with a Mkt Outperform rating for this stock on October 26, 2020, and assigned it a price target of $19.

Hookipa Pharma Inc experienced fluctuations in its stock price throughout the past year between $0.41 and $2.05. Currently, Wall Street analysts expect the stock to reach $3 within the next 12 months. Hookipa Pharma Inc [NASDAQ: HOOK] shares were valued at $0.81 at the most recent close of the market. An investor can expect a potential return of 270.37% based on the average HOOK price forecast.

Analyzing the HOOK fundamentals

Trailing Twelve Months sales for Hookipa Pharma Inc [NASDAQ:HOOK] were 20.55M which represents 207.94% growth. Gross Profit Margin for this corporation currently stands at 0.85% with Operating Profit Margin at -3.91%, Pretax Profit Margin comes in at -3.36%, and Net Profit Margin reading is -3.38%. To continue investigating profitability, this company’s Return on Assets is posted at -0.42, Equity is -0.71 and Total Capital is -0.65. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.04.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 0.7794 points at the first support level, and at 0.7497 for the second support level. However, for the 1st resistance point, the stock is sitting at 0.8393, and for the 2nd resistance point, it is at 0.8695.

Hookipa Pharma Inc [HOOK] reported earnings per share of -$0.17 for its fiscal quarter that ended on 9/29/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of -$0.21/share, meaning a difference of $0.04 and a surprise factor of 19.00%. By comparison, the stated earnings for the previous quarter ended on 6/29/2023 were -$0.22 per share as compared to estimates of -$0.21 per share, a difference of -$0.01 representing a surprise of -4.80%.

Ratios To Look Out For

To put it in perspective, the Current Ratio for Hookipa Pharma Inc [NASDAQ:HOOK] is 3.44. Further, the Quick Ratio stands at 3.44, while the Cash Ratio is 2.65. Considering the valuation of this stock, the price to sales ratio is 3.30, the price to book ratio is 0.71.

Transactions by insiders

Recent insider trading involved Kandera Reinhard, Chief Financial Officer, that happened on Aug 21 when 7000.0 shares were purchased. Chief Financial Officer, Kandera Reinhard completed a deal on Aug 16 to buy 8000.0 shares. Meanwhile, Chief Executive Officer Aldag Jorn bought 5000.0 shares on Jul 11.

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