HP Inc. (NYSE: HPQ)’s stock price has gone decline by -1.83 in comparison to its previous close of 30.56, however, the company has experienced a -0.89% decrease in its stock price over the last five trading days. The Wall Street Journal reported on 05/12/23 that British Entrepreneur Mike Lynch Extradited to U.S. Over HP Case
Is It Worth Investing in HP Inc. (NYSE: HPQ) Right Now?
The price-to-earnings ratio for HP Inc. (NYSE: HPQ) is 11.95x, which is above its average ratio. Moreover, the 36-month beta value for HPQ is 1.01. Analysts have varying opinions on the stock, with 3 analysts rating it as a “buy,” 0 as “overweight,” 11 as “hold,” and 2 as “sell.”
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The average price recommended by analysts for HP Inc. (HPQ) is $29.38, which is -$0.29 below the current market price. The public float for HPQ is 970.32M and currently, short sellers hold a 2.10% of that float. On May 25, 2023, HPQ’s average trading volume was 6.51M shares.
HPQ’s Market Performance
HPQ stock saw an increase of -0.89% in the past week, with a monthly gain of 2.53% and a quarterly increase of 1.52%. The volatility ratio for the week is 1.80%, and the volatility levels for the last 30 days are 2.08% for HP Inc. (HPQ). The simple moving average for the last 20 days is 0.24% for HPQ’s stock, with a simple moving average of 4.21% for the last 200 days.
HPQ Trading at 2.02% 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 -26.45% of loss for the given period.
Volatility was left at 2.08%, however, over the last 30 days, the volatility rate increased by 1.80%, as shares surge +3.59% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +7.87% upper at present.
During the last 5 trading sessions, HPQ fell by -0.89%, which changed the moving average for the period of 200-days by -10.31% in comparison to the 20-day moving average, which settled at $29.98. In addition, HP Inc. saw 11.65% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at HPQ starting from MYERS MARIE, who sale 4,165 shares at the price of $29.86 back on May 01. After this action, MYERS MARIE now owns 38,941 shares of HP Inc., valued at $124,367 using the latest closing price.
LORES ENRIQUE, the President and CEO of HP Inc., sale 38,000 shares at $29.51 during a trade that took place back on Apr 03, which means that LORES ENRIQUE is holding 766,268 shares at $1,121,380 based on the most recent closing price.
Stock Fundamentals for HPQ
Current profitability levels for the company are sitting at:
- +7.21 for the present operating margin
- +18.24 for the gross margin
The net margin for HP Inc. stands at +5.16. The total capital return value is set at 54.23, while invested capital returns managed to touch 44.41. Equity return is now at value -95.90, with 6.80 for asset returns.
When we switch over and look at the enterprise to sales, we see a ratio of 0.67, with the company’s debt to enterprise value settled at 0.32. The receivables turnover for the company is 7.89 and the total asset turnover is 1.61. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.76.
Conclusion
To wrap up, the performance of HP Inc. (HPQ) has been mixed in recent times. The stock has received a bullish of “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
