As of Thursday close, HP Inc.’s (NYSE:HPQ) stock was down -$0.34, moving down -1.09 percent to $30.96. The average number of shares traded per day over the past five days has been 5,959,460 shares. 1 time new highs have been achieved over the past 5 days, with a -$2.01 fall in that time frame. In the last twenty days, the average volume was 4,661,615, while in the previous 50 days, it was 6,483,576.
Since last month, HPQ stock retreated -5.98%. Shares of the company fell to $30.87 on 08/17/23, the lowest level in the past month. A 52-week high of $35.32 was reached on 07/12/23 after having rallying from a 52-week low of $24.08. Since the beginning of this year, HPQ’s stock price has risen by 15.22% or $4.09, and marked a new high 12 times. However, the stock has declined by -12.34% since its 52-week high.
HPQ stock investors should be aware that HP Inc. (HPQ) stock had its last reported insider trading activity 17 days ago on Aug 01. MYERS MARIE, the Chief Financial Officer of the company, disposed of 4,165 shares for $32.57 on Aug 01. It resulted in a $135,654 divestment by the insider. SURESH SUBRA sold 6,659 shares at an average price of $33.00 on Jul 11. The insider now owns 59,533 shares following the transaction. On Jul 03, President and CEO LORES ENRIQUE sold 156,976 shares at $30.69 apiece. The transaction was valued at $4,817,593.
Valuation Metrics
Right now, HP Inc. (HPQ) has a P/E ratio of about 11.75. The stock’s beta is 1.02.
The latest dividend of $0.2625 per share was paid out, remained unchanged from last year’s $0.2625.
Financial Health
In the three months ended April 29, HP Inc.’s quick ratio stood at 0.40, while its current ratio was 0.70, showing that the company is not able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is 20.20% percent. In the year ended April 29, EBITDA margin amounted to 8.45%, whereas operating margins totaled 6.30%. Based on annual data, HPQ earned $12.34 billion in gross profit and brought in $62.98 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 42.50%. Return on equity (ROE) for the past 12 months was -93.30%.
In HP Inc.’s quarter-end financial report for April 29, it reported total debt of $10.36 billion. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. HPQ’s revenue fell -27.7% to $13.83 billion during the quarter, while net income inched up to $12.91 billion. While analysts expected HP Inc. to report $0.76 quarterly earnings, the actual figure was $0.8 per share, beating the consensus estimate by 5.30%. During the quarter, the company generated $974.0 million in EBITDA. The liabilities of HP Inc. were 38.85 billion at the end of its most recent quarter ended April 29, and its total debt was $11.99 billion. The value of shareholders’ equity is $985.96 million.
Technical Picture
This quick technical analysis looks at HP Inc.’s (HPQ) price momentum. With a historical volatility rate of 16.23%, the RSI 9-day stood at 26.40% on 17 August.
With respect to its five-day moving average, the current HP Inc. price is down by -6.10% percent or -$2.01. At present, HPQ shares trade -4.91% below its 20-day simple moving average and +11.69% percent above its 100-day simple moving average. However, the stock is currently trading approximately +4.42% above its SMA50 and +10.37% above its SMA200.
Stochastic coefficient K was 4.83% and Stochastic coefficient D was 10.50%, while ATR was 0.58. Given the Stochastic reading of 3.79% for the 14-day period, the RSI (14) reading has been calculated as 36.03%. As of today, the MACD Oscillator reading stands at -0.92, while the 14-day reading stands at -1.06.
Analyst Ratings
Citigroup launched its rating on HP Inc. (NYSE: HPQ) to a Neutral in a note to investors on June 30, 2023. HP Inc. (HPQ) has been rated Hold by analysts. According to 2 brokerage firms, HPQ is a sell, and 13 firms recommend it is a Hold. There are 1 analyst who say the stock is underweight. A total of 0 analysts rate HP Inc. stock as buy, with 3 recommending it as overweight.
With a median target price of $31.00, the current consensus forecast for the stock is $24.00 – $40.00. Based on these forecasts, analysts predict HP Inc. (HPQ) will achieve an average price target of $30.63.
