HP Inc (NYSE: HPQ)’s stock price has gone rise by 0.35 in comparison to its previous close of 28.21, however, the company has experienced a 2.50% increase in its stock price over the last five trading days. InvestorPlace reported 2023-11-18 that Ahead of potentially troubled waters, investors ought to consider the wisdom – and the great bargain – behind undervalued Warren Buffett stocks. Now’s also a good time to consider aligning with the Oracle of Omaha, as the underlying Berkshire Hathaway (NYSE: BRK-B ) conglomerate recently updated its holdings via a 13F filing, per CNBC.
Is It Worth Investing in HP Inc (NYSE: HPQ) Right Now?
HP Inc (NYSE: HPQ) has a higher price-to-earnings ratio of 12.60x compared to its average ratio, and the 36-month beta value for HPQ is at 1.05. Analysts have varying views on the stock, with 5 analysts rating it as a “buy,” 1 rating it as “overweight,” 10 as “hold,” and 2 as “sell.”
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The average price suggested by analysts for HPQ is $30.34, which is $2.03 above the current market price. The public float for HPQ is 986.39M, and currently, shorts hold a 1.29% of that float. The average trading volume for HPQ on November 20, 2023 was 8.08M shares.
HPQ’s Market Performance
HPQ’s stock has seen a 2.50% increase for the week, with a 7.03% rise in the past month and a -9.52% fall in the past quarter. The volatility ratio for the week is 1.62%, and the volatility levels for the past 30 days are at 1.67% for HP Inc The simple moving average for the last 20 days is 5.13% for HPQ’s stock, with a simple moving average of -3.84% for the last 200 days.
Analysts’ Opinion of HPQ
Many brokerage firms have already submitted their reports for HPQ stocks, with Citigroup repeating the rating for HPQ by listing it as a “Buy.” The predicted price for HPQ in the upcoming period, according to Citigroup is $33 based on the research report published on November 13, 2023 of the current year 2023.
HPQ Trading at 5.28% 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 -16.49% of loss for the given period.
Volatility was left at 1.67%, however, over the last 30 days, the volatility rate increased by 1.62%, as shares surge +8.84% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -3.87% lower at present.
During the last 5 trading sessions, HPQ rose by +2.50%, which changed the moving average for the period of 200-days by -8.05% in comparison to the 20-day moving average, which settled at $27.04. In addition, HP Inc saw 5.36% 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 BERKSHIRE HATHAWAY INC, who sale 3,067,508 shares at the price of $26.20 back on Oct 03. After this action, BERKSHIRE HATHAWAY INC now owns 97,854,605 shares of HP Inc, valued at $80,377,299 using the latest closing price.
BERKSHIRE HATHAWAY INC, the 10% Owner of HP Inc, sale 1,596,922 shares at $25.70 during a trade that took place back on Oct 02, which means that BERKSHIRE HATHAWAY INC is holding 100,922,113 shares at $41,040,576 based on the most recent closing price.
Stock Fundamentals for HPQ
Current profitability levels for the company are sitting at:
- +7.00 for the present operating margin
- +18.15 for the gross margin
The net margin for HP Inc stands at +5.05. The total capital return value is set at 52.97, while invested capital returns managed to touch 43.75.
When we switch over and look at the enterprise to sales, we see a ratio of 0.69, with the company’s debt to enterprise value settled at 0.32. The receivables turnover for the company is 7.88 and the total asset turnover is 1.61. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.75.
Conclusion
In conclusion, HP Inc (HPQ) has had a mixed performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others a “hold”. 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.
