The stock of Hewlett Packard Enterprise Company (NYSE:HPE) increased by $0.17 on Monday to finish at $16.79, up 1.02 percent. The last five days have seen an average of 10,297,580 shares of common stock traded. 8 times new highs were reached in the current year, with a gain of $0.83. The average number of shares traded over the last 20 days was 11,508,185, while the average volume over the last 50 days totaled 11,171,854.
HPE stock dropped -2.72% since last month. On 08/25/23, the company’s shares reached a one-month low of $16.45. The stock touched a high of $18.14 on 08/08/23, after rallying from a low of $11.90 in 52 weeks. The price of HPE stock has risen by 5.20% or $0.83 this year, reaching a new high 8 times. Still, the stock price is down -7.42% from the 52-week high.
Insider Transactions
HPE stock investors should be aware that Hewlett Packard Enterprise Company (HPE) stock had its last reported insider trading activity 33 days ago on Jul 27. On Jul 27, SVP Controller and CTO Cox Jeremy sold 21,131 shares at $17.66 each. This transaction resulted in the insider making $373,173. On Jun 15, Hotard Justin sold 10,227 shares at a price of US$17.00. After the transaction, the insider now owns 0 shares. SVP Controller and CTO Cox Jeremy had earlier sold 9,161 shares on Jun 15 for $17.00 a share. The transaction was completed for $155,737.
Valuation Metrics
Hewlett Packard Enterprise Company (HPE) has a trailing price-to-earnings (P/E) ratio of 21.75. Beta for the stock is 1.27. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 0.74, the price-to-book (PB) ratio of 1.07, and the price-to-cash flow ratio of 19.90.
Company paid $0.12 per share in dividends, remained unchanged from $0.12 last year. A $0.0080 dividend increase was reported on Wednesday October 23 2019.
Financial Health
For the three months ended April 29, Hewlett Packard Enterprise Company’s quick ratio was 0.70, while its current ratio was 0.90, indicating its inability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending April 29 is 0.41, and the total debt to equity ratio is 0.66. As far as profitability goes, gross margin for the trailing twelve months is 34.30% percent. Hewlett Packard Enterprise Company’s EBITDA margin for the year ended April 29 was 15.37%, whereas its operating margin stood at 4.00% for the same period. Based on annual data, it had gross profit of $9.51 billion and revenue of $28.5 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. HPE’s return on assets (ROA) during the last 12 months has been 1.80%. There was a 2.20% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 5.10%.
Earnings Surprise
According to Hewlett Packard Enterprise Company’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 $6.97 billion, while revenues rose by 3.73% to $7.81 billion. It was predicted that Hewlett Packard Enterprise Company’s quarterly earnings would be $0.52, but it ended up being $0.48, beating the consensus by 8.30%. EBITDA was $1.17 billion for the quarter. At the end of Hewlett Packard Enterprise Company’s most recent quarter ended April 29, its liabilities totaled 35.13 billion, while its total debt was $13.5 billion. Equity owned by shareholders amounts to $1.29 billion.
Technical Picture
Here’s a quick look at Hewlett Packard Enterprise Company’s (HPE) price momentum from a technical perspective. As of 28 August, the RSI 9-day stood at 40.01%, suggesting the stock is Neutral, with a 16.89% historical volatility rate.
The stochastic %K and %D were 10.55% and 9.44% respectively, while the average true range (ATR) was 0.36. Based on the 14-day stochastic reading of 20.86%, the RSI (14) reading is 43.38%. On the 9-day MACD Oscillator, the stock is at -0.18, and the 14-day reading is at -0.42.
Analyst Ratings
In its analyst report released on June 30, 2023, Citigroup began covering Hewlett Packard Enterprise Company (NYSE: HPE). The stock was rated as a Neutral by the brokerage firm. Analysts have assigned Hewlett Packard Enterprise Company (HPE) an Hold rating. HPE is a stock that is recommended for selling by 1 brokerage firm, while 13 companies recommend holding. The stock is underweighted by 1 analyst. Among the analysts who rate the stock, 3 rates it overweight and 4 others recommend it as a buy.
What is HPE’s price target for the next 12 months?
The current consensus forecast for the stock is between $14.00 and $21.00, with a median target price of $18.00. In analyzing these forecasts, the average price target given by analysts for Hewlett Packard Enterprise Company (HPE) is $17.73.
