HP Inc. (NYSE:HPQ) went down by -0.36% from its latest closing price compared to the recent 1-year high of $23.93. The company’s stock price has collected -0.98% of loss in the last five trading sessions. The Wall Street Journal reported on 09/09/20 that HP Appoints Acting CFO as Finance Chief Heads to Google
Is It Worth Investing in HP Inc. (NYSE :HPQ) Right Now?
HP Inc. (NYSE:HPQ) scored a price-to-earnings ratio above its average ratio, recording 10.87 x from its present earnings ratio. Plus, the 36-month beta value for HPQ is at 0.95. Opinions of the stock are interesting as 4 analysts out of 17 who provided ratings for HP Inc. declared the stock was a “buy,” while 0 rated the stock as “overweight,” 11 rated it as “hold,” and 1 as “sell.”
The average price from analysts is $19.63, which is $0.28 above the current price. HPQ currently public float of 1.37B and currently shorts hold a 1.30% ratio of that float. Today, the average trading volume of HPQ was 12.00M shares.
HPQ’s Market Performance
HPQ stocks went down by -0.98% for the week, with a monthly jump of 5.94% and a quarterly performance of 11.65%, while its annual performance rate touched 2.07%. The volatility ratio for the week stands at 2.65% while the volatility levels for the past 30 days are set at 3.02% for HP Inc.. The simple moving average for the period of the last 20 days is 1.73% for HPQ stocks with a simple moving average of 5.09% for the last 200 days.
Analysts’ Opinion of HPQ
Many brokerage firms have already submitted their reports for HPQ stocks, with Standpoint Research repeating the rating for HPQ by listing it as a “Buy.” The predicted price for HPQ in the upcoming period, according to Standpoint Research is $90 based on the research report published on September 8th of the current year 2020.
UBS, on the other hand, stated in their research note that they expect to see HPQ reach a price target of $18, previously predicting the value of $17. The rating they have provided for HPQ stocks is “Neutral” according to the report published on August 28th, 2020.
Morgan Stanley gave a rating of “Equal-Weight” to HPQ, setting the target price at $20 in the report published on August 28th of the current year.
HPQ Trading at 5.98% from the 50-Day Moving Average
After a stumble in the market that brought HPQ to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -19.52% of loss for the given period.
Volatility was left at 3.02%, however, over the last 30 days, the volatility rate increased by 2.65%, as shares surge +7.30% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +10.31% upper at present.
During the last 5 trading sessions, HPQ fell by -0.98%, which changed the moving average for the period of 200-days by -2.68% in comparison to the 20-day moving average, which settled at $19.00. In addition, HP Inc. saw -6.28% in overturn over a single year, with a tendency to cut further losses.
Reports are indicating that there were more than several insider trading activities at HPQ starting from CHO ALEX, who sold 46,201 shares at the price of $19.90 back on Aug 31. After this action, CHO ALEX now owns 8,135 shares of HP Inc., valued at $919,490 using the latest closing price.
LORES ENRIQUE, the President and CEO of HP Inc., bought 13,500 shares at $15.36 during a trade that took place back on Jun 02, which means that LORES ENRIQUE is holding 397,150 shares at $207,422 based on the most recent closing price.
Stock Fundamentals for HPQ
Current profitability levels for the company are sitting at:
- +6.53 for the present operating margin
- +18.30 for the gross margin
The net margin for HP Inc. stands at +5.40. The total capital return value is set at 81.94, while invested capital returns managed to touch 84.37. Equity return is now at value -184.60, with 7.70 for asset returns.
When we switch over and look at the enterprise to sales, we see a ratio of 0.46, with the company’s debt to enterprise value settled at 0.19. The receivables turnover for the company is 6.89 and the total asset turnover is 1.71. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.80.