The stock price of Hewlett Packard Enterprise Co (NYSE: HPE) has plunged by -0.21 when compared to previous closing price of 18.85, but the company has seen a 9.68% gain in its stock price over the last five trading sessions. businesswire.com reported 2024-09-20 that HOUSTON–(BUSINESS WIRE)–Hewlett Packard Enterprise (NYSE: HPE) today announced Gartner has positioned HPE as a Leader in the Magic Quadrant for Primary Storage Platforms. The most recent Gartner recognition is the 15th time in a row that HPE has been recognized as a Leader in the Gartner Magic Quadrant. To learn more, access the full 2024 Gartner Magic Quadrant for Primary Storage Platforms. “We believe the evaluation by Gartner substantiates that HPE Storage possesses an innovative strategy.
Is It Worth Investing in Hewlett Packard Enterprise Co (NYSE: HPE) Right Now?
The price-to-earnings ratio for Hewlett Packard Enterprise Co (NYSE: HPE) is above average at 13.40x. The 36-month beta value for HPE is also noteworthy at 1.20. There are mixed opinions on the stock, with 4 analysts rating it as a “buy,” 3 rating it as “overweight,” 16 rating it as “hold,” and 2 rating it as “sell.”
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The public float for HPE is 1.29B, and at present, short sellers hold a 1.61% of that float. The average trading volume of HPE on September 23, 2024 was 16.00M shares.
HPE’s Market Performance
HPE stock saw a decrease of 9.68% in the past week, with a monthly decline of -0.37% and a quarterly a decrease of -10.09%. The volatility ratio for the week is 2.70%, and the volatility levels for the last 30 days are 2.80% for Hewlett Packard Enterprise Co (HPE). The simple moving average for the last 20 days is 3.64% for HPE stock, with a simple moving average of 5.83% for the last 200 days.
Analysts’ Opinion of HPE
Many brokerage firms have already submitted their reports for HPE stocks, with BofA Securities repeating the rating for HPE by listing it as a “Buy.” The predicted price for HPE in the upcoming period, according to BofA Securities is $24 based on the research report published on September 17, 2024 of the current year 2024.
Wells Fargo gave a rating of “Equal Weight” to HPE, setting the target price at $17 in the report published on March 01st of the current year.
HPE Trading at 0.19% 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 -17.57% of loss for the given period.
Volatility was left at 2.80%, however, over the last 30 days, the volatility rate increased by 2.70%, as shares surge +0.21% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -11.27% lower at present.
During the last 5 trading sessions, HPE rose by +9.68%, which changed the moving average for the period of 200-days by +13.72% in comparison to the 20-day moving average, which settled at $18.15. In addition, Hewlett Packard Enterprise Co saw 10.78% 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 Neri Antonio F, who sale 166,666 shares at the price of $18.52 back on Sep 18 ’24. After this action, Neri Antonio F now owns 1,841,975 shares of Hewlett Packard Enterprise Co, valued at $3,086,254 using the latest closing price.
Antonio F. Neri, the Director of Hewlett Packard Enterprise Co, proposed sale 500,000 shares at $18.27 during a trade that took place back on Sep 18 ’24, which means that Antonio F. Neri is holding shares at $9,135,000 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
- 0.33 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 8.69, with 3.16 for asset returns.
Based on Hewlett Packard Enterprise Co (HPE), the company’s capital structure generated 0.35 points at debt to capital in total, while cash flow to debt ratio is standing at 0.44. The debt to equity ratio resting at 0.53. The interest coverage ratio of the stock is 15.47.
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 1.16. The receivables turnover for the company is 3.83for 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 0.94.
Conclusion
In summary, Hewlett Packard Enterprise Co (HPE) has had a mixed performance as of late. Analysts have bullish opinions on the stock, with some viewing 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.
