The stock of HP Inc (NYSE: HPQ) has decreased by -2.39 when compared to last closing price of 29.23. Despite this, the company has experienced a -1.99% fall in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-04-10 that Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does HP (HPQ) have what it takes?
Is It Worth Investing in HP Inc (NYSE: HPQ) Right Now?
HP Inc (NYSE: HPQ) has a higher price-to-earnings ratio of 8.33x compared to its average ratio. HPQ has 36-month beta value of 1.07. Analysts have mixed views on the stock, with 7 analysts rating it as a “buy,” 5 as “overweight,” 6 as “hold,” and 0 as “sell.”
The public float for HPQ is 976.35M, and currently, short sellers hold a 1.96% ratio of that float. The average trading volume of HPQ on April 15, 2024 was 8.14M shares.
HPQ’s Market Performance
The stock of HP Inc (HPQ) has seen a -1.99% decrease in the past week, with a -7.22% drop in the past month, and a -4.90% fall in the past quarter. The volatility ratio for the week is 2.27%, and the volatility levels for the past 30 days are at 1.86% for HPQ. The simple moving average for the past 20 days is -4.36% for HPQ’s stock, with a -2.94% simple moving average for the past 200 days.
Analysts’ Opinion of HPQ
Many brokerage firms have already submitted their reports for HPQ stocks, with HSBC Securities repeating the rating for HPQ by listing it as a “Buy.” The predicted price for HPQ in the upcoming period, according to HSBC Securities is $33 based on the research report published on February 14, 2024 of the current year 2024.
Morgan Stanley, on the other hand, stated in their research note that they expect to see HPQ reach a price target of $35, previously predicting the price at $31. The rating they have provided for HPQ stocks is “Overweight” according to the report published on December 12th, 2023.
Evercore ISI gave a rating of “Outperform” to HPQ, setting the target price at $40 in the report published on December 11th of the previous year.
HPQ Trading at -2.86% 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 -15.84% of loss for the given period.
Volatility was left at 1.86%, however, over the last 30 days, the volatility rate increased by 2.27%, as shares sank -6.80% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -0.63% lower at present.
During the last 5 trading sessions, HPQ fell by -1.99%, which changed the moving average for the period of 200-days by -4.39% in comparison to the 20-day moving average, which settled at $29.73. In addition, HP Inc saw -5.18% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at HPQ starting from BENNETT ROBERT R, who sale 67,000 shares at the price of $30.01 back on Mar 21 ’24. After this action, BENNETT ROBERT R now owns 60,216 shares of HP Inc, valued at $2,010,670 using the latest closing price.
Liebman Stephanie, the Global Controller of HP Inc, sale 8,708 shares at $30.93 during a trade that took place back on Mar 08 ’24, which means that Liebman Stephanie is holding 0 shares at $269,338 based on the most recent closing price.
Stock Fundamentals for HPQ
Current profitability levels for the company are sitting at:
- 0.08 for the present operating margin
- 0.22 for the gross margin
The net margin for HP Inc stands at 0.06. The total capital return value is set at 0.35.
Based on HP Inc (HPQ), the company’s capital structure generated 1.18 points at debt to capital in total, while cash flow to debt ratio is standing at 0.34. The debt to equity ratio resting at -6.67. The interest coverage ratio of the stock is 8.06.
Currently, EBITDA for the company is 5.84 billion with net debt to EBITDA at 1.53. When we switch over and look at the enterprise to sales, we see a ratio of 0.69. The receivables turnover for the company is 8.65for trailing twelve months and the total asset turnover is 1.48. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.71.
Conclusion
To put it simply, HP Inc (HPQ) has had a bad performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others as 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.
