HP Inc. (NYSE:HPQ) saw an upside of 0.74% to close Monday at $31.29 after adding $0.23 on the day. The 5-day average trading volume is 4,926,900 shares of the company’s common stock. It has gained $32.14 in the past week and touched a new high 1 time within the past 5 days. An average of 4,707,655 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 6,398,008.
HPQ’s 1-month performance is -2.95% or -$0.95 on its low of $30.67 reached on 08/18/23. The company’s shares have touched a 52-week low of $24.08 and high of $34.62, with the stock’s rally to the 52-week high happening on 07/12/23. YTD, HPQ has achieved 16.45% or $4.42 and has reached a new high 12 times. However, the current price is down -9.63% from the 52-week high price.
Insider Transactions
HPQ stock investors last saw insider trading activity on Aug 01.MYERS MARIE (Chief Financial Officer) most recently sold 4,165 shares at $32.57 per share on Aug 01. This transaction cost the insider $135,654. Director, SURESH SUBRA, sold 6,659 shares at a price of $33.00 on Jul 11. Then, on Jul 03, President and CEO LORES ENRIQUE sold 156,976 shares at a price of $30.69 per share. This transaction amounted to $4,817,593.
Valuation Metrics
HPQ stock has a beta of 1.02. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.55 while the price to cash flow ratio at 13.62.
HP Inc.’s quick ratio for the period ended April 29 was 0.40, with the current ratio over the same period at 0.70. In terms of profitability, the gross margin trailing 12 months is 20.20%. The trailing 12-month EBITDA margin is 8.45% while for the period ending April 29, HP Inc.’s operating margin was 6.30%. The firm’s gross profit as reported stood at $12.34 billion against revenue of $62.98 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 6.19% to $1.07 billion, while revenue of $487.0 million was 54.32% off the previous quarter. Analysts expected HPQ to announce $0.76 per share in earnings in its latest quarter, but it posted $0.8, representing a 5.30% surprise. EBITDA for the quarter stood at more than $974.0 million. HPQ stock balance sheet for the quarter ending April 29 shows that total liabilities totaled 38.85 billion, with total debt at $11.99 billion. Shareholders hold equity totaling $985.96 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 21 August was 35.10% to suggest the stock is trending Neutral, with historical volatility in this time period at 13.87%.
The stock’s 5-day moving average is $31.29, reflecting a -2.43% or -$0.78 change from its current price. HPQ is currently trading -3.52% above its 20-day SMA, +13.25% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +4.16% and SMA200 by+12.35%.
Stochastic %K and %D was 14.34% and 8.93% and the average true range (ATR) pointed at 0.55. The RSI (14) points at 40.78%, while the 14-day stochastic is at 24.08% with the period’s ATR at 0.57. The stock’s 9-day MACD Oscillator is pointing at -0.79 and -1.08 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for HP Inc. (NYSE: HPQ), Citigroup launched coverage with a Neutral rating. 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 13 advise that investors “Hold.” 1 analysts have rated the stock as underweight. 0 rates the stock as overweight while 3 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 $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 $30.63.
