As of Thursday close, Hewlett Packard Enterprise Company’s (NYSE:HPE) stock was down -$0.37, moving down -2.13 percent to $16.99. The average number of shares traded per day over the past five days has been 12,512,120 shares. 5 times new highs have been achieved over the past 5 days, with a $0.29 gain in that time frame. In the last twenty days, the average volume was 12,079,235, while in the previous 50 days, it was 10,872,506.
Since last month, HPE stock retreated -1.45%. Shares of the company fell to $16.20 on 08/30/23, the lowest level in the past month. A 52-week high of $18.14 was reached on 08/08/23 after having rallying from a 52-week low of $11.90. Since the beginning of this year, HPE’s stock price has risen by 6.45% or $1.03, and marked a new high 8 times. However, the stock has declined by -6.31% since its 52-week high.
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HPE stock investors should be aware that Hewlett Packard Enterprise Company (HPE) stock had its last reported insider trading activity 36 days ago on Jul 27. Cox Jeremy, the SVP Controller and CTO of the company, disposed of 21,131 shares for $17.66 on Jul 27. It resulted in a $373,173 divestment by the insider. Hotard Justin sold 10,227 shares at an average price of $17.00 on Jun 15. The insider now owns 0 shares following the transaction. On Jun 15, SVP Controller and CTO Cox Jeremy sold 9,161 shares at $17.00 apiece. The transaction was valued at $155,737.
Valuation Metrics
Right now, Hewlett Packard Enterprise Company (HPE) has a P/E ratio of about 22.01. The stock’s beta is 1.27. Besides these, the trailing price-to-sales (P/S) ratio of 0.74, the price-to-book (PB) ratio of 1.09, and the price-to-cash flow ratio of 20.14 may also be considered.
The latest dividend of $0.12 per share was paid out, remained unchanged from last year’s $0.12. On Wednesday October 23 2019, a $0.0080 dividend increase was announced.
Financial Health
In the three months ended July 30, Hewlett Packard Enterprise Company’s quick ratio stood at 0.70, while its current ratio was 0.90, showing that the company is not able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending July 30 was 0.41, and the total debt-to-equity ratio was 0.66. On the profitability front, the trailing twelve-month gross margin is 34.30% percent. In the year ended July 30, EBITDA margin amounted to 15.37%, whereas operating margins totaled 4.00%. Based on annual data, HPE earned $9.51 billion in gross profit and brought in $28.5 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 2.20%. Return on equity (ROE) for the past 12 months was 5.10%.
In Hewlett Packard Enterprise Company’s quarter-end financial report for July 30, it reported total debt of $8.37 billion. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. HPE’s revenue rose 3.73% to $7.81 billion during the quarter, while net income inched up to $6.97 billion. While analysts expected Hewlett Packard Enterprise Company to report $0.47 quarterly earnings, the actual figure was $0.49 per share, beating the consensus estimate by 4.30%. During the quarter, the company generated $1.17 billion in EBITDA. The liabilities of Hewlett Packard Enterprise Company were 35.13 billion at the end of its most recent quarter ended July 30, and its total debt was $13.35 billion. The value of shareholders’ equity is $1.29 billion.
Technical Picture
This quick technical analysis looks at Hewlett Packard Enterprise Company’s (HPE) price momentum. With a historical volatility rate of 25.34%, the RSI 9-day stood at 47.95% on 31 August.
With respect to its five-day moving average, the current Hewlett Packard Enterprise Company price is up by +1.74% percent or $0.29. At present, HPE shares trade -1.91% below its 20-day simple moving average and +5.79% percent above its 100-day simple moving average. However, the stock is currently trading approximately +1.01% above its SMA50 and +11.12% above its SMA200.
Stochastic coefficient K was 53.74% and Stochastic coefficient D was 38.48%, while ATR was 0.47. Given the Stochastic reading of 54.86% for the 14-day period, the RSI (14) reading has been calculated as 48.29%. As of today, the MACD Oscillator reading stands at 0.16, while the 14-day reading stands at 0.06.
Analyst Ratings
Citigroup launched its rating on Hewlett Packard Enterprise Company (NYSE: HPE) to a Neutral in a note to investors on June 30, 2023. Hewlett Packard Enterprise Company (HPE) has been rated Hold by analysts. According to 1 brokerage firm, HPE is a sell, and 13 firms recommend it is a Hold. There are 1 analyst who say the stock is underweight. A total of 3 analysts rate Hewlett Packard Enterprise Company stock as buy, with 4 recommending it as overweight.
With a median target price of $18.05, the current consensus forecast for the stock is $15.00 – $21.00. Based on these forecasts, analysts predict Hewlett Packard Enterprise Company (HPE) will achieve an average price target of $17.89.
