HP Inc. (NYSE:HPQ) went down by -1.22% from its latest closing price compared to the recent 1-year high of $36.00. The company’s stock price has collected 0.91% of gains in the last five trading sessions. Press Release reported 15 hours ago that HP Inc. Commits to Accelerate Digital Equity for 150 Million People by 2030
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 10.66 x from its present earnings ratio. Plus, the 36-month beta value for HPQ is at 1.03. Opinions of the stock are interesting as 8 analysts out of 19 who provided ratings for HP Inc. declared the stock was a “buy,” while 0 rated the stock as “overweight,” 7 rated it as “hold,” and 2 as “sell.”
The average price from analysts is $33.36, which is $2.98 above the current price. HPQ currently public float of 1.24B and currently shorts hold a 1.38% ratio of that float. Today, the average trading volume of HPQ was 10.27M shares.
HPQ’s Market Performance
HPQ stocks went up by 0.91% for the week, with a monthly drop of -14.75% and a quarterly performance of -0.69%, while its annual performance rate touched 71.71%. The volatility ratio for the week stands at 2.23% while the volatility levels for the past 30 days are set at 2.59% for HP Inc.. The simple moving average for the period of the last 20 days is -4.69% for HPQ stocks with a simple moving average of 17.86% for the last 200 days.
Analysts’ Opinion of HPQ
Many brokerage firms have already submitted their reports for HPQ stocks, with Cowen repeating the rating for HPQ by listing it as a “Market Perform.” The predicted price for HPQ in the upcoming period, according to Cowen is $30 based on the research report published on May 28th of the current year 2021.
Citigroup, on the other hand, stated in their research note that they expect to see HPQ reach a price target of $40, previously predicting the price at $29. The rating they have provided for HPQ stocks is “Buy” according to the report published on May 24th, 2021.
JP Morgan gave a rating of “Overweight” to HPQ, setting the target price at $38 in the report published on February 26th of the current year.
HPQ Trading at -8.14% 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 -16.53% of loss for the given period.
Volatility was left at 2.59%, however, over the last 30 days, the volatility rate increased by 2.23%, as shares sank -10.54% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -3.28% lower at present.
During the last 5 trading sessions, HPQ rose by +0.91%, which changed the moving average for the period of 200-days by +64.84% in comparison to the 20-day moving average, which settled at $31.35. In addition, HP Inc. saw 22.20% in overturn over a single year, with a tendency to cut further gains.
Reports are indicating that there were more than several insider trading activities at HPQ starting from CHO ALEX, who sale 56,278 shares at the price of $29.60 back on Mar 01. After this action, CHO ALEX now owns 8,155 shares of HP Inc., valued at $1,665,829 using the latest closing price.
Tran Tuan, the Pres Imaging Prtng & Solutions of HP Inc., sale 36,287 shares at $29.40 during a trade that took place back on Mar 01, which means that Tran Tuan is holding 92,680 shares at $1,066,909 based on the most recent closing price.
Stock Fundamentals for HPQ
Current profitability levels for the company are sitting at:
- +6.82 for the present operating margin
- +18.12 for the gross margin
The net margin for HP Inc. stands at +5.03. The total capital return value is set at 84.61, while invested capital returns managed to touch 72.87. Equity return is now at value -138.90, with 8.30 for asset returns.
When we switch over and look at the enterprise to sales, we see a ratio of 0.49, with the company’s debt to enterprise value settled at 0.27. The receivables turnover for the company is 6.50 and the total asset turnover is 1.66. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.79.