The stock of Hewlett Packard Enterprise Co (HPE) has seen a -4.23% decrease in the past week, with a 17.21% gain in the past month, and a 21.09% flourish in the past quarter. The volatility ratio for the week is 4.74%, and the volatility levels for the past 30 days are at 3.26% for HPE. The simple moving average for the past 20 days is 6.16% for HPE’s stock, with a 23.34% simple moving average for the past 200 days.
Is It Worth Investing in Hewlett Packard Enterprise Co (NYSE: HPE) Right Now?
Hewlett Packard Enterprise Co (NYSE: HPE) has a higher price-to-earnings ratio of 15.19x compared to its average ratio. HPE has 36-month beta value of 1.22. Analysts have mixed views on the stock, with 4 analysts rating it as a “buy,” 3 as “overweight,” 16 as “hold,” and 2 as “sell.”
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The public float for HPE is 1.29B, and currently, short sellers hold a 2.13% ratio of that float. The average trading volume of HPE on June 21, 2024 was 15.95M shares.
HPE) stock’s latest price update
Hewlett Packard Enterprise Co (NYSE: HPE) has seen a decline in its stock price by -2.98 in relation to its previous close of 21.48. However, the company has experienced a -4.23% decline in its stock price over the last five trading sessions. youtube.com reported 2024-06-20 that Hewlett Packard Enterprise (HPE) announced a new partnership with chip giant Nvidia (NVDA) at its HPE Discover 2024 event in Las Vegas this week, where the former unveiled its “Nvidia AI Computing by HPE” portfolio of AI products. Among these new offerings is the HPE Private Cloud AI.
Analysts’ Opinion of HPE
Wells Fargo, 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 $21. The rating they have provided for HPE stocks is “Equal Weight” according to the report published on March 01st, 2024.
Bernstein gave a rating of “Mkt Perform” to HPE, setting the target price at $17 in the report published on January 16th of the current year.
HPE Trading at 14.55% 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 -8.68% of loss for the given period.
Volatility was left at 3.26%, however, over the last 30 days, the volatility rate increased by 4.74%, as shares surge +14.52% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +15.47% upper at present.
During the last 5 trading sessions, HPE fell by -4.48%, which changed the moving average for the period of 200-days by +16.70% in comparison to the 20-day moving average, which settled at $19.76. In addition, Hewlett Packard Enterprise Co saw 22.73% 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 Gold Gerri, who sale 22,784 shares at the price of $21.67 back on Jun 14 ’24. After this action, Gold Gerri now owns 57,081 shares of Hewlett Packard Enterprise Co, valued at $493,816 using the latest closing price.
MacDonald Neil B, the EVP, GM of Compute HPC AI of Hewlett Packard Enterprise Co, sale 36,671 shares at $20.51 during a trade that took place back on Jun 11 ’24, which means that MacDonald Neil B is holding 111,054 shares at $752,011 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
- 0.34 for the gross margin
The net margin for Hewlett Packard Enterprise Co stands at 0.06. The total capital return value is set at 0.06. Equity return is now at value 8.60, with 3.14 for asset returns.
Based on Hewlett Packard Enterprise Co (HPE), the company’s capital structure generated 0.34 points at debt to capital in total, while cash flow to debt ratio is standing at 0.49. The debt to equity ratio resting at 0.52. The interest coverage ratio of the stock is 10.82.
Currently, EBITDA for the company is 5.36 billion with net debt to EBITDA at 1.84. When we switch over and look at the enterprise to sales, we see a ratio of 1.28. The receivables turnover for the company is 3.78for trailing twelve months and the total asset turnover is 0.47. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.90.
Conclusion
To put it simply, Hewlett Packard Enterprise Co (HPE) has had a better 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 is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
