HP Inc. (NYSE:HPQ) saw an upside of 2.47% to close Monday at $28.60 after adding $0.69 on the day. The 5-day average trading volume is 5,746,480 shares of the company’s common stock. It has gained $28.78 in the past week and touched a new high 3 times within the past 5 days. An average of 5,505,030 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 7,352,286.
HPQ’s 1-month performance is 7.48% or $1.84 on its low of $26.42 reached on 12/28/22. The company’s shares have touched a 52-week low of $24.08 and high of $41.47, with the stock’s rally to the 52-week high happening on 01/09/23. YTD, HPQ has achieved 6.44% or $1.73 and has reached a new high 4 times. However, the current price is down -31.03% from the 52-week high price.
HPQ stock investors last saw insider trading activity on Jan 03.LORES ENRIQUE (President and CEO) most recently sold 34,000 shares at $27.13 per share on Jan 03. This transaction cost the insider $922,420. Chief Financial Officer, MYERS MARIE, sold 7,380 shares at a price of $27.00 on Jan 03. Then, on Dec 28, Chief Commercial Officer McQuarrie David P. sold 20,609 shares at a price of $26.64 per share. This transaction amounted to $549,024.
HPQ stock has a beta of 1.02. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.43 while the price to cash flow ratio at 10.30.
HP Inc.’s quick ratio for the period ended July 30 was 0.50, with the current ratio over the same period at 0.80. In terms of profitability, the gross margin trailing 12 months is 19.60%. The firm’s gross profit as reported stood at $12.34 billion against revenue of $62.98 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. Net income grew 179750.0% to -$2.0 million, while revenue of $1.12 billion was 56050.0% off the previous quarter. Analysts expected HPQ to announce $1.04 per share in earnings in its latest quarter, but it posted $1.04, representing a 0.00% surprise. EBITDA for the quarter stood at more than $976.0 million. HPQ stock balance sheet for the quarter ending July 30 shows that total liabilities totaled 41.51 billion, with total debt at $12.26 billion. Shareholders hold equity totaling $982.15 million.
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 23 January was 59.99% to suggest the stock is trending Neutral, with historical volatility in this time period at 30.41%.
The stock’s 5-day moving average is $27.72, reflecting a +2.47% or $0.69 change from its current price. HPQ is currently trading +7.16% above its 20-day SMA, -9.29% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -0.87% and SMA200 by-20.56%.
Stochastic %K and %D was 48.94% and 39.48% and the average true range (ATR) pointed at 0.77. The RSI (14) points at 56.40%, while the 14-day stochastic is at 77.88% with the period’s ATR at 0.77. The stock’s 9-day MACD Oscillator is pointing at -0.28 and -0.12 on the 14-day charts.
In the most recent analyst report for HP Inc. (NYSE: HPQ), Credit Suisse downgraded it to a Neutral rating. They previously had an Outperform rating on the stock. Analysts offering their rating for HPQ stock have a consensus rating for the stock as Hold. Currently, 3 brokerage advisors rate HPQ as a “sell,”, while 13 advise that investors “Hold.” 1 analysts have rated the stock as underweight. 0 rates the stock as overweight while 1 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 $24.00 and a high of $33.00, with their median price target at $30.00. Looking at these predictions, the average price target given by analysts is for HP Inc. (HPQ) stock is $28.83.