As of Wednesday close, HP Inc.’s (NYSE:HPQ) stock was down -$0.51, moving down -1.85 percent to $27.06. The average number of shares traded per day over the past five days has been 11,623,300 shares. 2 times new highs have been achieved over the past 5 days, with a -$1.27 fall in that time frame. In the last twenty days, the average volume was 9,407,450, while in the previous 50 days, it was 6,601,218.
Since last month, HPQ stock retreated -13.52%. Shares of the company fell to $26.80 on 09/14/23, the lowest level in the past month. A 52-week high of $33.90 was reached on 07/12/23 after having rallying from a 52-week low of $24.08. Since the beginning of this year, HPQ’s stock price has risen by 0.71% or $0.19, and marked a new high 12 times. However, the stock has declined by -20.18% since its 52-week high.
HPQ stock investors should be aware that HP Inc. (HPQ) stock had its last reported insider trading activity 8 days ago on Sep 13. BERKSHIRE HATHAWAY INC, the 10% Owner of the company, disposed of 2,893,236 shares for $28.39 on Sep 13. It resulted in a $82,153,436 divestment by the insider. BERKSHIRE HATHAWAY INC sold 1,669,968 shares at an average price of $29.07 on Sep 12. The insider now owns 118,343,882 shares following the transaction. On Sep 11, 10% Owner BERKSHIRE HATHAWAY INC sold 938,968 shares at $29.59 apiece. The transaction was valued at $27,786,411.
Valuation Metrics
Right now, HP Inc. (HPQ) has a P/E ratio of about 12.23. The stock’s beta is 1.04.
The latest dividend of $0.2625 per share was paid out, remained unchanged from last year’s $0.2625. On Tuesday November 22 2022, a $0.0125 dividend increase was announced.
Financial Health
In the three months ended July 30, HP Inc.’s quick ratio stood at 0.40, while its current ratio was 0.70, showing that the company is not able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is 20.40% percent. In the year ended July 30, EBITDA margin amounted to 8.45%, whereas operating margins totaled 6.10%. Based on annual data, HPQ earned $12.26 billion in gross profit and brought in $62.91 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 42.10%. Return on equity (ROE) for the past 12 months was -96.70%.
In HP Inc.’s quarter-end financial report for July 30, it reported total debt of $9.24 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. HPQ’s revenue fell -11.12% to $12.91 billion during the quarter, while net income inched up to $13.2 billion. While analysts expected HP Inc. to report $0.86 quarterly earnings, the actual figure was $0.86 per share. During the quarter, the company generated $1.17 billion in EBITDA. The liabilities of HP Inc. were 38.88 billion at the end of its most recent quarter ended July 30, and its total debt was $11.01 billion. The value of shareholders’ equity is $988.27 million.
Technical Picture
This quick technical analysis looks at HP Inc.’s (HPQ) price momentum. With a historical volatility rate of 17.53%, the RSI 9-day stood at 21.38% on 20 September.
With respect to its five-day moving average, the current HP Inc. price is down by -4.48% percent or -$1.27. At present, HPQ shares trade -12.77% below its 20-day simple moving average and -8.95% percent below its 100-day simple moving average. However, the stock is currently trading approximately -19.10% below its SMA50 and -9.38% below its SMA200.
Stochastic coefficient K was 12.31% and Stochastic coefficient D was 13.21%, while ATR was 0.72. Given the Stochastic reading of 6.72% for the 14-day period, the RSI (14) reading has been calculated as 25.49%. As of today, the MACD Oscillator reading stands at -0.84, while the 14-day reading stands at -1.47.
Analyst Ratings
Citigroup launched its rating on HP Inc. (NYSE: HPQ) to a Neutral in a note to investors on June 30, 2023. HP Inc. (HPQ) has been rated Hold by analysts. According to 2 brokerage firms, HPQ is a sell, and 12 firms recommend it is a Hold. There are 1 analyst who say the stock is underweight. A total of 0 analysts rate HP Inc. stock as buy, with 3 recommending it as overweight.
With a median target price of $30.00, the current consensus forecast for the stock is $23.00 – $39.00. Based on these forecasts, analysts predict HP Inc. (HPQ) will achieve an average price target of $29.75.
