The stock of HP Inc. (NYSE:HPQ) increased by $0.49 on Monday to finish at $31.33, up 1.59 percent. The last five days have seen an average of 4,924,140 shares of common stock traded. 12 times new highs were reached in the current year, with a gain of $4.46. The average number of shares traded over the last 20 days was 4,899,155, while the average volume over the last 50 days totaled 5,891,966.
HPQ stock dropped -3.98% since last month. On 08/25/23, the company’s shares reached a one-month low of $30.35. The stock touched a high of $33.90 on 07/12/23, after rallying from a low of $24.08 in 52 weeks. The price of HPQ stock has risen by 16.60% or $4.46 this year, reaching a new high 12 times. Still, the stock price is down -7.58% from the 52-week high.
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Insider Transactions
HPQ stock investors should be aware that HP Inc. (HPQ) stock had its last reported insider trading activity 28 days ago on Aug 01. On Aug 01, Chief Financial Officer MYERS MARIE sold 4,165 shares at $32.57 each. This transaction resulted in the insider making $135,654. On Jul 11, SURESH SUBRA sold 6,659 shares at a price of US$33.00. After the transaction, the insider now owns 59,533 shares. President and CEO LORES ENRIQUE had earlier sold 156,976 shares on Jul 03 for $30.69 a share. The transaction was completed for $4,817,593.
Valuation Metrics
HP Inc. (HPQ) has a trailing price-to-earnings (P/E) ratio of 11.89. Beta for the stock is 1.02. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 0.55, and the price-to-cash flow ratio of 13.65.
Company paid $0.2625 per share in dividends, remained unchanged from $0.2625 last year.
Financial Health
For the three months ended April 29, HP Inc.’s quick ratio was 0.40, while its current ratio was 0.70, indicating its inability to pay off its debt. As far as profitability goes, gross margin for the trailing twelve months is 20.20% percent. HP Inc.’s EBITDA margin for the year ended April 29 was 8.45%, whereas its operating margin stood at 6.30% for the same period. Based on annual data, it had gross profit of $12.34 billion and revenue of $62.98 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. HPQ’s return on assets (ROA) during the last 12 months has been 7.10%. There was a 42.50% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was -93.30%.
Earnings Surprise
According to HP Inc.’s quarterly financial report for the quarter that ended April 29. A lower net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $12.91 billion, while revenues fell by -27.7% to $13.83 billion. It was predicted that HP Inc.’s quarterly earnings would be $0.8, but it ended up being $0.76, beating the consensus by 5.30%. EBITDA was $974.0 million for the quarter. At the end of HP Inc.’s most recent quarter ended April 29, its liabilities totaled 38.85 billion, while its total debt was $11.99 billion. Equity owned by shareholders amounts to $985.96 million.
Technical Picture
Here’s a quick look at HP Inc.’s (HPQ) price momentum from a technical perspective. As of 28 August, the RSI 9-day stood at 44.90%, suggesting the stock is Neutral, with a 16.37% historical volatility rate.
The stochastic %K and %D were 17.88% and 14.17% respectively, while the average true range (ATR) was 0.60. Based on the 14-day stochastic reading of 33.74%, the RSI (14) reading is 45.01%. On the 9-day MACD Oscillator, the stock is at -0.10, and the 14-day reading is at -0.61.
Analyst Ratings
In its analyst report released on June 30, 2023, Citigroup began covering HP Inc. (NYSE: HPQ). The stock was rated as a Neutral by the brokerage firm. Analysts have assigned HP Inc. (HPQ) an Hold rating. HPQ is a stock that is recommended for selling by 2 brokerage firms, while 13 companies recommend holding. The stock is underweighted by 1 analyst. Among the analysts who rate the stock, 0 rates it overweight and 3 others recommend it as a buy.
What is HPQ’s price target for the next 12 months?
The current consensus forecast for the stock is between $24.00 and $40.00, with a median target price of $31.00. In analyzing these forecasts, the average price target given by analysts for HP Inc. (HPQ) is $30.70.
