Hewlett Packard Enterprise Company (NYSE:HPE) saw an upside of 2.96% to close Tuesday at $18.07 after adding $0.52 on the day. The 5-day average trading volume is 12,941,920 shares of the company’s common stock. It has gained $18.14 in the past week and touched a new high 4 times within the past 5 days. An average of 10,996,080 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 13,228,928.
HPE’s 1-month performance is 6.36% or $1.20 on its low of $16.72 reached on 07/17/23. The company’s shares have touched a 52-week low of $11.90 and high of $17.74, with the stock’s rally to the 52-week high happening on 08/08/23. YTD, HPE has achieved 13.22% or $2.11 and has reached a new high 8 times. However, the current price is up 1.86% from the 52-week high price.
Insider Transactions
HPE stock investors last saw insider trading activity on Jul 27.Cox Jeremy (SVP Controller and CTO) most recently sold 21,131 shares at $17.66 per share on Jul 27. This transaction cost the insider $373,173. EVP, GM, HPC and AI, Hotard Justin, sold 10,227 shares at a price of $17.00 on Jun 15. Then, on Jun 15, SVP Controller and CTO Cox Jeremy sold 9,161 shares at a price of $17.00 per share. This transaction amounted to $155,737.
Valuation Metrics
HPE stock has a beta of 1.26. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.79 while the price-to-book (PB) in the most recent quarter is 1.16, with the price to cash flow ratio at 49.09.
Hewlett Packard Enterprise Company’s quick ratio for the period ended April 29 was 0.70, with the current ratio over the same period at 0.90. As well, the company’s long term debt to equity for the quarter ending April 29 was 0.41, while the total debt to equity was 0.66.. In terms of profitability, the gross margin trailing 12 months is 34.30%. The trailing 12-month EBITDA margin is 15.37% while for the period ending April 29, Hewlett Packard Enterprise Company’s operating margin was 4.00%. The firm’s gross profit as reported stood at $9.51 billion against revenue of $28.5 billion.
Earnings Surprise
For the quarterly period ending April 29 this year, Net income and sales went down compared to those figures reported in the previous quarter. Net income grew 40.19% to $418.0 million, while revenue of $501.0 million was -19.86% off the previous quarter. Analysts expected HPE to announce $0.48 per share in earnings in its latest quarter, but it posted $0.52, representing a 8.30% surprise. EBITDA for the quarter stood at more than $1.17 billion. HPE stock balance sheet for the quarter ending April 29 shows that total liabilities totaled 35.13 billion, with total debt at $13.5 billion. Shareholders hold equity totaling $1.29 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 August was 74.35% to suggest the stock is trending Overbought, with historical volatility in this time period at 16.94%.
The stock’s 5-day moving average is $17.51, reflecting a +3.79% or $0.66 change from its current price. HPE is currently trading +4.27% above its 20-day SMA, +29.91% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +23.18% and SMA200 by+40.95%.
Stochastic %K and %D was 75.41% and 64.66% and the average true range (ATR) pointed at 0.43. The RSI (14) points at 68.82%, while the 14-day stochastic is at 94.64% with the period’s ATR at 0.41. The stock’s 9-day MACD Oscillator is pointing at 0.22 and 0.25 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Hewlett Packard Enterprise Company (NYSE: HPE), Citigroup launched coverage with a Neutral rating. Analysts offering their rating for HPE stock have a consensus rating for the stock as Hold. Currently, 1 brokerage advisors rate HPE as a “sell,”, while 12 advise that investors “Hold.” 1 analysts have rated the stock as underweight. 3 rates the stock as overweight while 5 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 $14.00 and a high of $21.00, with their median price target at $17.50. Looking at these predictions, the average price target given by analysts is for Hewlett Packard Enterprise Company (HPE) stock is $17.51.
