Hewlett Packard Enterprise Company (NYSE:HPE) finished Thursday with a subtraction of -$0.32 to close at $16.70, a downside of -1.88 percent. An average of 9,651,980 shares of common stock have been traded in the last five days. There was a fall of -$0.27 in the past week, and it reached a new high 16 times over the past 12 months. The last 20 days have seen an average of 11,284,870 shares traded, while the 50-day average volume stands at 11,540,622.
HPE stock has decreased by -4.30% in the last month. The company shares reached their 1-month lowest point of $16.69 on 08/24/23. With the stock rallying to its 52-week high on 08/08/23, shares of the company touched a low of $11.90 and a high of $18.14 in 52 weeks. It has reached a new high 8 times so far this year and achieved 4.64% or $0.74 in price. In spite of this, the price is down -7.91% from the 52-week high.
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Insider Transactions
HPE stock investors should be aware that Hewlett Packard Enterprise Company (HPE) stock had its last reported insider trading activity 29 days ago on Jul 27. In this transaction, the insider spent $373,173. EVP, GM, HPC and AI, Hotard Justin, disposed of 10,227 shares at a price of $17.00 on Jun 15. The insider now owns more than $173,859 worth of shares. Prior to that, SVP Controller and CTO Cox Jeremy went on to Sale 9,161 shares at $17.00 each on Jun 15. An amount of $155,737 was transacted.
Valuation Metrics
Hewlett Packard Enterprise Company (HPE) has a trailing price-to-earnings (P/E) ratio of 21.63. The stock’s beta is 1.26. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.73, the price-to-book (PB) ratio at 1.07, and the price-to-cash flow ratio at 19.66.
The company has a payout ratio of 61.10%. The company’s most recent quarterly dividend payment was $0.12 a share, without any change from last year. Its latest increase dividend $0.0080 reported on Wednesday October 23 2019.
Financial Health
The quick ratio of Hewlett Packard Enterprise Company for the recent quarter was 0.70, and the current ratio was 0.90, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.41 and a total debt to equity ratio of 0.66 for the recent quarter. Hewlett Packard Enterprise Company’s EBITDA margin is 15.37%, while its operating margin for the same period stands at 4.00%. Its gross profit as reported stood at $9.51 billion compared to revenue of $28.5 billion.
Earnings Surprise
For the recent quarter, Hewlett Packard Enterprise Company had $8.37 billion in total debt. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of $418.0 million in the quarter, while revenues were grew 40.19%. Shareholders own equity worth $1.29 billion.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Hewlett Packard Enterprise Company (HPE) price momentum. RSI 9-day as of the close on 24 August was 34.17%, suggesting the stock is Neutral, with historical volatility in this time frame at 16.11%.
As of today, HPE’s price is $16.91 -1.59% or -$0.27 from its 5-day moving average. HPE is currently trading -3.80% lower than its 20-day SMA and +4.83% higher than its 100-day SMA. However, the stock’s current price level is +0.36% above the SMA50 and +17.19% above the SMA200.
The stochastic %K and %D were 7.69% and 12.03%, respectively, and the average true range (ATR) was 0.36. With the 14-day stochastic at 0.69% and the average true range at 0.37, the RSI (14) stands at 40.37%. The stock has reached -0.21 on the 9-day MACD Oscillator while the 14-day reading was at -0.45.
Analyst Ratings
Citigroup launched coverage on Hewlett Packard Enterprise Company (NYSE: HPE) in its analyst report released on June 30, 2023. The firm assigned the stock a Neutral rating. The consensus rating for Hewlett Packard Enterprise Company (HPE) among analysts is Hold. According to current brokerage recommendations, 1 brokerage firm advise that investors sell HPE, while 13 suggest investors hold. There are 1 analyst who rate the stock as underweight. The stock is rated overweight by 3 analysts, while 4 others rate it as a “buy”.
What is HPE’s price target for the next 12 months?
Analysts predict a range of price targets between $14.00 and $21.00, with a median target of $18.00. Taking a look at these predictions, the average price target given by analysts for Hewlett Packard Enterprise Company (HPE) stock is $17.73.
