The stock of Hewlett Packard Enterprise Co (HPE) has seen a 1.52% increase in the past week, with a -4.10% drop in the past month, and a 5.88% flourish in the past quarter. The volatility ratio for the week is 3.03%, and the volatility levels for the past 30 days are at 3.00% for HPE. The simple moving average for the last 20 days is 2.26% for HPE stock, with a simple moving average of 8.36% for the last 200 days.
Is It Worth Investing in Hewlett Packard Enterprise Co (NYSE: HPE) Right Now?
Hewlett Packard Enterprise Co (NYSE: HPE) has a price-to-earnings ratio that is above its average at 12.40x. The stock has a 36-month beta value of 1.21. Opinions on the stock are mixed, with 4 analysts rating it as a “buy,” 3 as “overweight,” 16 as “hold,” and 2 as “sell.”
The public float for HPE is 1.29B, and at present, short sellers hold a 1.83% of that float. On April 08, 2024, the average trading volume of HPE was 15.91M shares.
HPE) stock’s latest price update
The stock price of Hewlett Packard Enterprise Co (NYSE: HPE) has surged by 0.33 when compared to previous closing price of 17.94, but the company has seen a 1.52% gain in its stock price over the last five trading sessions. MarketBeat reported 2024-04-02 that The artificial intelligence (AI) boom has accelerated revenues for various companies in the computer and technology sector. The obvious benefactor and leader of the AI wave is Nvidia Co. NASDAQ: NVDA, with its 90% market share of GPUs.
Analysts’ Opinion of HPE
Many brokerage firms have already submitted their reports for HPE stocks, with Wells Fargo repeating the rating for HPE by listing it as a “Equal Weight.” The predicted price for HPE in the upcoming period, according to Wells Fargo is $17 based on the research report published on March 01, 2024 of the current year 2024.
Bernstein, on the other hand, stated in their research note that they expect to see HPE reach a price target of $17, previously predicting the price at $20. The rating they have provided for HPE stocks is “Mkt Perform” according to the report published on January 16th, 2024.
Morgan Stanley gave a rating of “Equal-Weight” to HPE, setting the target price at $16 in the report published on November 30th of the previous year.
HPE Trading at 9.76% from the 50-Day Moving Average
After a stumble in the market that brought HPE to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -10.31% of loss for the given period.
Volatility was left at 3.00%, however, over the last 30 days, the volatility rate increased by 3.03%, as shares sank -0.99% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +14.21% upper at present.
During the last 5 trading sessions, HPE rose by +1.52%, which changed the moving average for the period of 200-days by +5.82% in comparison to the 20-day moving average, which settled at $17.59. In addition, Hewlett Packard Enterprise Co saw 6.01% 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 HPE starting from Major Kristin K, who sale 24,722 shares at the price of $19.01 back on Mar 06 ’24. After this action, Major Kristin K now owns 0 shares of Hewlett Packard Enterprise Co, valued at $469,965 using the latest closing price.
Gold Gerri, the EVP, Pres & CEO Financial Serv of Hewlett Packard Enterprise Co, sale 13,399 shares at $18.01 during a trade that took place back on Mar 05 ’24, which means that Gold Gerri is holding 79,865 shares at $241,285 based on the most recent closing price.
Stock Fundamentals for HPE
Current profitability levels for the company are sitting at:
- 0.07 for the present operating margin
- 0.35 for the gross margin
The net margin for Hewlett Packard Enterprise Co stands at 0.07. The total capital return value is set at 0.06. Equity return is now at value 9.23, with 3.35 for asset returns.
Based on Hewlett Packard Enterprise Co (HPE), the company’s capital structure generated 0.37 points at debt to capital in total, while cash flow to debt ratio is standing at 0.42. The debt to equity ratio resting at 0.6. The interest coverage ratio of the stock is 12.65.
Currently, EBITDA for the company is 5.36 billion with net debt to EBITDA at 1.88. When we switch over and look at the enterprise to sales, we see a ratio of 1.18. The receivables turnover for the company is 3.79for trailing twelve months and the total asset turnover is 0.48. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.89.
Conclusion
To sum up, Hewlett Packard Enterprise Co (HPE) has seen a better performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
