Hewlett Packard Enterprise Co (NYSE: HPE) has a price-to-earnings ratio that is above its average at 14.92x. 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 2.13% of that float. On June 25, 2024, the average trading volume of HPE was 16.73M shares.
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HPE) stock’s latest price update
Hewlett Packard Enterprise Co (NYSE: HPE) has seen a decline in its stock price by -2.15 in relation to its previous close of 20.92. However, the company has experienced a -5.23% decline in its stock price over the last five trading sessions. accesswire.com reported 2024-06-24 that SAN DIEGO, CA / ACCESSWIRE / June 24, 2024 / Shareholder rights law firm Johnson Fistel, LLP has launched an investigation into whether the board members of Juniper Networks (NYSE:JNPR) (“Juniper” or “the Company”) breached their fiduciary duties in connection with the proposed sale of the Company by Hewlett Packard Enterprise (NYSE:HPE). You can click or copy and paste the following link to join this investigation: https://www.johnsonfistel.com/investigations/juniper-networks On January 10, 2024, Juniper announced that it had entered a deal to merge with HPE.
HPE’s Market Performance
HPE’s stock has fallen by -5.23% in the past week, with a monthly rise of 12.78% and a quarterly rise of 17.85%. The volatility ratio for the week is 4.64% while the volatility levels for the last 30 days are 3.44% for Hewlett Packard Enterprise Co The simple moving average for the past 20 days is 3.55% for HPE’s stock, with a 21.04% simple moving average for the past 200 days.
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 12.16% 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 -10.30% of loss for the given period.
Volatility was left at 3.44%, however, over the last 30 days, the volatility rate increased by 4.64%, as shares surge +12.23% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +14.10% upper at present.
During the last 5 trading sessions, HPE fell by -5.23%, which changed the moving average for the period of 200-days by +15.32% in comparison to the 20-day moving average, which settled at $19.88. In addition, Hewlett Packard Enterprise Co saw 20.55% 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 1.27. 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 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.
