The stock price of Hewlett Packard Enterprise Co (NYSE: HPE) has surged by 3.29 when compared to previous closing price of 18.68, but the company has seen a 0.44% gain in its stock price over the last five trading sessions. invezz.com reported 2024-08-30 that US stocks remained in the spotlight this week as some of the most popular companies like Nvidia, Nutanix, Li Auto, and Affirm published their earnings. Nvidia stock price retreated after its results while Affirm, a leading buy now pay later (BNPL) company, published strong numbers.
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 14.07x compared to its average ratio. HPE has 36-month beta value of 1.21. 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 1.89% ratio of that float. The average trading volume of HPE on August 30, 2024 was 16.44M shares.
HPE’s Market Performance
HPE’s stock has seen a 0.44% increase for the week, with a 1.13% rise in the past month and a 9.32% gain in the past quarter. The volatility ratio for the week is 2.01%, and the volatility levels for the past 30 days are at 2.58% for Hewlett Packard Enterprise Co The simple moving average for the last 20 days is 5.82% for HPE stock, with a simple moving average of 9.30% for the last 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 -1.94% 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 -15.45% of loss for the given period.
Volatility was left at 2.58%, however, over the last 30 days, the volatility rate increased by 2.01%, as shares surge +7.32% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -9.92% lower at present.
During the last 5 trading sessions, HPE rose by +0.73%, which changed the moving average for the period of 200-days by +20.94% in comparison to the 20-day moving average, which settled at $18.30. In addition, Hewlett Packard Enterprise Co saw 13.63% 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 1.21. 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’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.
