HP Inc (NYSE:HPQ) saw a downside of -1.76% to close Monday at $26.30 after subtracting -$0.47 on the day. The 5-day average trading volume is 8,036,580 shares of the company’s common stock. It has gained $27.74 in the past week and touched a new high 2 times within the past 5 days. An average of 9,828,960 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 6,738,030.
HPQ’s 1-month performance is -14.47% or -$4.54 on its low of $26.10 reached on 09/25/23. The company’s shares have touched a 52-week low of $24.08 and high of $33.90, with the stock’s rally to the 52-week high happening on 07/12/23. YTD, HPQ has lost -2.12% or -$0.57 and has reached a new high 12 times. However, the current price is down -22.42% from the 52-week high price.
Insider Transactions
HPQ stock investors last saw insider trading activity on Sep 22.BERKSHIRE HATHAWAY INC (10% Owner) most recently sold 1,333,730 shares at $26.80 per share on Sep 22. This transaction cost the insider $35,749,699. 10% Owner, BERKSHIRE HATHAWAY INC, sold 1,786,035 shares at a price of $26.92 on Sep 21. Then, on Sep 20, 10% Owner BERKSHIRE HATHAWAY INC sold 1,668,707 shares at a price of $27.20 per share. This transaction amounted to $45,389,164.
Valuation Metrics
HPQ stock has a beta of 1.04. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.48 while the price to cash flow ratio at 8.95.
HP Inc’s quick ratio for the recent period was 0.41, with the current ratio over the same period at 0.69. In terms of profitability, the gross margin trailing 12 months is 19.38%. The trailing 12-month EBITDA margin is 8.45%. The firm’s gross profit as reported stood at $12.26 billion against revenue of $62.91 billion.
Earnings Surprise
Net income and sales went up compared to those figures reported in the previous quarter. Net income shrunk -46.08% to $766.0 million, while revenue of $1.07 billion was -39.16% off the previous quarter. EBITDA for the quarter stood at more than $1.17 billion. HPQ stock balance sheet for the recent quarter shows that total liabilities totaled 38.88 billion, with total debt at $11.01 billion. Shareholders hold equity totaling $988.27 million.
Let’s look briefly at HP Inc (HPQ) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 25 September was 16.69% to suggest the stock is trending oversold, with historical volatility in this time period at 13.39%.
The stock’s 5-day moving average is $26.90, reflecting a -3.73% or -$1.02 change from its current price. HPQ is currently trading -14.72% above its 20-day SMA, -12.68% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -19.79% and SMA200 by-7.10%.
Stochastic %K and %D was 1.98% and 4.56% and the average true range (ATR) pointed at 0.67. The RSI (14) points at 21.88%, while the 14-day stochastic is at 4.75% with the period’s ATR at 0.69. The stock’s 9-day MACD Oscillator is pointing at -0.63 and -1.43 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for HP Inc (NYSE: HPQ), Citigroup launched coverage with a Neutral rating. Analysts offering their rating for HPQ stock have a consensus rating for the stock as Hold. Currently, 2 brokerage advisors rate HPQ as a “sell,”, while 12 advise that investors “Hold.” 1 analysts have rated the stock as underweight. 0 rates the stock as overweight while 3 have offered a “buy” rating.
What is HPQ’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $23.00 and a high of $39.00, with their median price target at $30.00. Looking at these predictions, the average price target given by analysts is for HP Inc (HPQ) stock is $29.75.
