Stock on Demand This Week: HP Inc. (HPQ)

HP Inc. (NYSE:HPQ) saw an upside of 0.04% to close Monday at $28.08 after adding $0.01 on the day. The 5-day average trading volume is 9,780,601 shares of the company’s common stock. It has gained $29.53 in the past week. An average of 8,556,010 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 8,648,628.

HPQ’s 1-month performance is -5.14% or -$1.78 on its low of $26.76 reached on 09/21/21. The company’s shares have touched a 52-week low of $17.25 and high of $36.00, with the stock’s rally to the 52-week high happening on 05/10/21. YTD, HPQ has achieved 14.19% or $3.49. However, the current price is down -22.00%% from the 52-week high price.

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Insider Transactions

On Jul 06, 91 days have gone by since the last insider trading activity for HP Inc. (HPQ). CHO ALEX (President, Personal Systems) most recently sold 8,314 shares at $30.58 per share on Jul 06. This transaction cost the insider $254,242. President, Personal Systems, CHO ALEX, sold 56,278 shares at a price of $29.60 on Mar 01. Then, on Mar 01, Pres Imaging Prtng & Solutions Tran Tuan sold 36,287 shares at a price of $29.40 per share. This transaction amounted to $1,066,909.

Valuation Metrics

The company’s PE ratio for the last five years has touched a high of 16.05 and a low of 5.915. HPQ stock has a beta of 1.04. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.51 while the price to cash flow ratio at 7.98.

HP Inc. pays an annual dividend of $0.78 per share. Its dividend yield is 2.78% and the payout ratio is 23.30%. HPQ paid $0.1940 a share compared with prior rate of $0.1940, down 0.0% from last year’s. The company has boosted its dividend for the last 5 consecutive years with the latest dividend increase of $0.0002 reported on Tuesday May 25 2021. Measured over the last 3 years, the Dividend has been growing by 34.43% yearly.

It is projected that HP Inc.’s next ex-dividend date will be on 10-Dec. HPQ is expected to distribute $0.1938 as its next dividend.

HP Inc.’s quick ratio for the period ended July 30 was 0.40, with the current ratio over the same period at 0.70 meaning that HPQ stock is able to fulfill its debt obligations. In terms of profitability, the gross margin trailing 12 months is 20.70%The trailing 12-month EBITDA margin is 8.21% while for the period ending July 30; HP Inc.’s operating margin was 8.10%. The firm’s gross profit as reported stood at $10.44 billion against revenue of $56.64 billion.

Earnings Surprise

For the quarterly period ending July 30 this year, Net income and sales went down compared to those figures reported in the previous quarter. Analysts expected HPQ to announce $0.84 per share in earnings in its latest quarter, but it posted $1, representing a 19.00% surprise. EBITDA for the quarter stood at more than $1.58 billion. HPQ stock balance sheet for the quarter ending July 30 shows that total liabilities totaled 39.47 billion, with total debt at $8.35 billion. Shareholders hold equity totaling $1.15 billion

Technical Picture

Let’s look briefly at HP Inc. (HPQ) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 04 October was 50.97% to suggest the stock is trending Neutral, with historical volatility in this time period at 36.18%.

The stock’s 5-day moving average is $27.88, reflecting a -2.19% or -$0.63 change from its current price. HPQ is currently trading -5.96% above its 20-day SMA, -12.11% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by -0.43% and +17.10% respectively.

Stochastic %K and %D was 38.69% and 34.56% and the average true range (ATR) pointed at 0.83. The RSI (14) points at 49.06%, while the 14-day stochastic is at 47.47% with the period’s ATR at 0.80. The stock’s 9-day MACD Oscillator is pointing at -0.12 and 0.03 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for HP Inc. (NYSE: HPQ), JP Morgan downgraded it to a Neutral rating. They previously had an Overweight rating on the stock. Analysts offering their rating for HPQ stock have a consensus rating for the stock as Hold. Currently, 2 brokerage advisors rate HPQ as a “sell,”, while 11 advise that investors “Hold.” 1 analysts have rated the stock as underweight. 0 rates the stock as overweight while 6 have offered a “buy” rating.

What is HPQ’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $22.00 and a high of $40.00, with their median price target at $31.00. Looking at these predictions, the average price target given by analysts is for HP Inc. (HPQ) stock is $31.76.


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