Hewlett Packard Enterprise Co (NYSE:HPE) finished Wednesday with an addition of $0.29 to close at $17.07, an upside of 1.73 percent. An average of 8,830,240 shares of common stock have been traded in the last five days. There was a fall of -$0.03 in the past week, and it reached a new high 29 times over the past 12 months. The last 20 days have seen an average of 10,994,715 shares traded, while the 50-day average volume stands at 11,128,806.
HPE stock has increased by 1.67% in the last month. The company shares reached their 1-month lowest point of $16.20 on 08/30/23. With the stock rallying to its 52-week high on 08/08/23, shares of the company touched a low of $11.93 and a high of $18.14 in 52 weeks. It has reached a new high 8 times so far this year and achieved 6.95% or $1.11 in price. In spite of this, the price is down -5.87% from the 52-week high.
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Insider Transactions
HPE stock investors should be aware that Hewlett Packard Enterprise Co (HPE) stock had its last reported insider trading activity 21 days ago on Sep 07. In this transaction, the insider spent $7,601,946. EVP, Chief People Officer, MAY ALAN RICHARD, disposed of 343,016 shares at a price of $17.48 on Sep 07. The insider now owns more than $5,995,817 worth of shares. Prior to that, EVP, Pres & CEO Financial Serv Gold Gerri went on to Sale 14,166 shares at $17.48 each on Sep 07. An amount of $247,627 was transacted.
Valuation Metrics
Hewlett Packard Enterprise Co (HPE) has a trailing price-to-earnings (P/E) ratio of 20.92. The stock’s beta is 1.25. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.74, the price-to-book (PB) ratio at 1.06, and the price-to-cash flow ratio at 14.92.
The company has a payout ratio of 73.10%. The company’s most recent quarterly dividend payment was $0.12 a share, without any change from last year. Its latest increase dividend $0.0080 reported on Wednesday October 23 2019.
Financial Health
The quick ratio of Hewlett Packard Enterprise Co for the three months ended July 30 was 0.65, and the current ratio was 0.87, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.43 and a total debt to equity ratio of 0.65 for the quarter ending July 30. Hewlett Packard Enterprise Co’s EBITDA margin for the year ending July 30 is 15.37%, while its operating margin for the same period stands at 8.29%. Its gross profit as reported stood at $9.51 billion compared to revenue of $28.5 billion.
Earnings Surprise
For the three-month period that ended July 30, Hewlett Packard Enterprise Co had $8.87 billion in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $464.0 million in the quarter, while revenues were grew 11.85%. The analyst consensus anticipated Hewlett Packard Enterprise Co’s latest quarter earnings to come in at $0.47 per share, but it turned out to be $0.49, a 4.30% surprise. For the quarter, EBITDA amounted to $1.12 billion. Shareholders own equity worth $1.28 billion.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Hewlett Packard Enterprise Co (HPE) price momentum. RSI 9-day as of the close on 27 September was 50.01%, suggesting the stock is Neutral, with historical volatility in this time frame at 12.73%.
As of today, HPE’s price is $16.96 -0.18% or -$0.03 from its 5-day moving average. HPE is currently trading +1.37% higher than its 20-day SMA and +23.70% higher than its 100-day SMA. However, the stock’s current price level is -2.23% below the SMA50 and +4.79% above the SMA200.
The stochastic %K and %D were 22.34% and 18.37%, respectively, and the average true range (ATR) was 0.35. With the 14-day stochastic at 42.33% and the average true range at 0.36, the RSI (14) stands at 49.35%. The stock has reached -0.07 on the 9-day MACD Oscillator while the 14-day reading was at -0.11.
Analyst Ratings
Citigroup launched coverage on Hewlett Packard Enterprise Co (NYSE: HPE) in its analyst report released on June 30, 2023. The firm assigned the stock a Neutral rating. The consensus rating for Hewlett Packard Enterprise Co (HPE) among analysts is Hold. According to current brokerage recommendations, 1 brokerage firm advise that investors sell HPE, while 13 suggest investors hold. There are 1 analyst who rate the stock as underweight. The stock is rated overweight by 3 analysts, while 3 others rate it as a “buy”.
What is HPE’s price target for the next 12 months?
Analysts predict a range of price targets between $15.00 and $21.00, with a median target of $18.10. Taking a look at these predictions, the average price target given by analysts for Hewlett Packard Enterprise Co (HPE) stock is $18.01.
