Hewlett Packard Enterprise Company (NYSE:HPE) saw an upside of 0.41% to close Friday at $14.83 after adding $0.06 on the day. The 5-day average trading volume is 12,038,400 shares of the company’s common stock. It has gained $15.15 in the past week. An average of 12,033,415 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 9,364,784.
HPE’s 1-month performance is 1.16% or $0.29 on its low of $12.99 reached on 09/21/21. The company’s shares have touched a 52-week low of $8.28 and high of $16.74, with the stock’s rally to the 52-week high happening on 05/10/21. YTD, HPE has achieved 25.15% or $2.98. However, the current price is down -11.41%% from the 52-week high price.
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On Sep 10, 31 days have gone by since the last insider trading activity for Hewlett Packard Enterprise Company (HPE). Black Thomas E Jr (SVP, GM of Storage) most recently sold 16,512 shares at $14.55 per share on Sep 10. This transaction cost the insider $240,250. Pres & CEO Financial Services, Rothman Irv, sold 10,000 shares at a price of $14.96 on Sep 08. Then, on Jun 15, SVP, GM of Storage Black Thomas E Jr sold 11,155 shares at a price of $15.64 per share. This transaction amounted to $174,464.
The company’s PE ratio for the last five years has touched a high of 213.86 and a low of 5.068. HPE stock has a beta of 1.25. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.70 while the price-to-book (PB) in the most recent quarter is 1.15, with the price to cash flow ratio at 27.44.
Hewlett Packard Enterprise Company pays an annual dividend of $0.48 per share. Its dividend yield is 3.24% and the payout ratio is 60.80%. HPE’s most recent quarterly dividend payment was made on Oct. 6, when it paid $0.12 a share compared with prior rate of $0.12, down 0.0% from last year’s. The company has boosted its dividend for the last 1 consecutive years with the latest dividend increase of $0.0080 reported on Wednesday October 23 2019. Measured over the last 3 years, the Dividend has been growing by 77.78% yearly.
It is projected that Hewlett Packard Enterprise Company’s next ex-dividend date will be on 10-Dec. HPE is expected to distribute $0.12 as its next dividend.
Hewlett Packard Enterprise Company’s quick ratio for the period ended July 30 was 0.80, with the current ratio over the same period at 1.00 meaning that HPE stock is not able to fulfill its debt obligations. As well, the company’s long term debt to equity for the quarter ending July 30 was 0.73, while the total debt to equity was 0.95. In terms of profitability, the gross margin trailing 12 months is 33.20%. The trailing 12-month EBITDA margin is 15.51% while for the period ending July 30; Hewlett Packard Enterprise Company’s operating margin was 3.40%. The firm’s gross profit as reported stood at $8.47 billion against revenue of $26.98 billion.
For the quarterly period ending July 30 this year, Net income and sales went up compared to those figures reported in the previous quarter. Analysts expected HPE to announce $0.42 per share in earnings in its latest quarter, but it posted $0.47, representing a 11.90% surprise. EBITDA for the quarter stood at more than $925.0 million. HPE stock balance sheet for the quarter ending July 30 shows that total liabilities totaled 39.36 billion, with total debt at $16.23 billion. Shareholders hold equity totaling $1.31 billion
Let’s look briefly at Hewlett Packard Enterprise Company (HPE) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 08 October was 63.67% to suggest the stock is trending Neutral, with historical volatility in this time period at 19.85%.
The stock’s 5-day moving average is $14.84, reflecting a +1.44% or $0.21 change from its current price. HPE is currently trading +3.63% above its 20-day SMA, -9.19% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by +1.92% and +27.73% respectively.
Stochastic %K and %D was 82.41% and 85.37% and the average true range (ATR) pointed at 0.40. The RSI (14) points at 58.68%, while the 14-day stochastic is at 85.19% with the period’s ATR at 0.39. The stock’s 9-day MACD Oscillator is pointing at 0.18 and 0.60 on the 14-day charts.
In the most recent analyst report for Hewlett Packard Enterprise Company (NYSE: HPE), Evercore ISI upgraded it to an Outperform rating. They previously had an In-line rating on the stock. Analysts offering their rating for HPE stock have a consensus rating for the stock as Overweight. Currently, 2 brokerage advisors rate HPE as a “sell,”, while 11 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 3 rates the stock as overweight while 9 have offered a “buy” rating.
What is HPE’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $13.00 and a high of $20.00, with their median price target at $18.00. Looking at these predictions, the average price target given by analysts is for Hewlett Packard Enterprise Company (HPE) stock is $17.44.