Hewlett Packard Enterprise Co (NYSE:HPE) saw an upside of 0.04% to $17.03 after adding $0.01 on Monday. The 5-day average trading volume is 6,807,697 shares of the company’s common stock. It has gained $17.40 in the past week and touched a new high 2 times within the past 5 days. An average of 10,806,699 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 11,066,529.
HPE’s 1-month performance is 1.95% or $0.43 on its low of $16.20 reached on 08/30/23. The company’s shares have touched a 52-week low of $11.90 and high of $18.14, with the stock’s rally to the 52-week high happening on 08/08/23. YTD, HPE has achieved 6.68% or $1.09 and has reached a new high 8 times. However, the current price is down -6.11% from the 52-week high price.
Insider Transactions
HPE stock investors last saw insider trading activity on Sep 07.Neri Antonio F (President and CEO) most recently sold 434,884 shares at $17.48 per share on Sep 07. This transaction cost the insider $7,601,946. EVP, Chief People Officer, MAY ALAN RICHARD, sold 343,016 shares at a price of $17.48 on Sep 07. Then, on Sep 07, EVP, Pres & CEO Financial Serv Gold Gerri sold 14,166 shares at a price of $17.48 per share. This transaction amounted to $247,627.
Valuation Metrics
HPE stock has a beta of 1.25. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.74 while the price-to-book (PB) in the most recent quarter is 1.06, with the price to cash flow ratio at 14.88.
Hewlett Packard Enterprise Co’s quick ratio for the period ended July 30 was 0.65, with the current ratio over the same period at 0.87. As well, the company’s long term debt to equity for the quarter ending July 30 was 0.43, while the total debt to equity was 0.65. In terms of profitability, the gross margin trailing 12 months is 33.30%. The trailing 12-month EBITDA margin is 15.37% while for the period ending July 30, Hewlett Packard Enterprise Co’s operating margin was 8.29%. The firm’s gross profit as reported stood at $9.51 billion against revenue of $28.5 billion.
Earnings Surprise
For the quarterly period ending July 30 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 11.85% to $464.0 million, while revenue of $418.0 million was 9.91% off the previous quarter. Analysts expected HPE to announce $0.47 per share in earnings in its latest quarter, but it posted $0.49, representing a 4.30% surprise. EBITDA for the quarter stood at more than $1.12 billion. HPE stock balance sheet for the quarter ending July 30 shows that total liabilities totaled 35.74 billion, with total debt at $13.51 billion. Shareholders hold equity totaling $1.28 billion.
Let’s look briefly at Hewlett Packard Enterprise Co (HPE) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 22 September was 47.33% to suggest the stock is trending Neutral, with historical volatility in this time period at 18.08%.
The stock’s 5-day moving average is $17.04, reflecting a +0.29% or $0.05 change from its current price. HPE is currently trading +2.59% above its 20-day SMA, +19.65% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +1.07% and SMA200 by+4.79%.
Stochastic %K and %D was 20.35% and 23.37% and the average true range (ATR) pointed at 0.33. The RSI (14) points at 48.13%, while the 14-day stochastic is at 25.11% with the period’s ATR at 0.36. The stock’s 9-day MACD Oscillator is pointing at -0.01 and -0.12 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Hewlett Packard Enterprise Co (NYSE: HPE), Citigroup launched coverage with a Neutral rating. Analysts offering their rating for HPE stock have a consensus rating for the stock as Hold. Currently, 1 brokerage advisors rate HPE as a “sell,”, while 13 advise that investors “Hold.” 1 analysts have rated the stock as underweight. 3 rates the stock as overweight while 3 have offered a “buy” rating.
What is HPE’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $15.00 and a high of $21.00, with their median price target at $18.10. Looking at these predictions, the average price target given by analysts is for Hewlett Packard Enterprise Co (HPE) stock is $18.01.
