Hewlett Packard Enterprise Co (NYSE: HPE)’s stock price has decreased by -1.03 compared to its previous closing price of 20.35. However, the company has seen a 7.07% increase in its stock price over the last five trading sessions. businesswire.com reported 2024-09-25 that HOUSTON–(BUSINESS WIRE)–Hewlett Packard Enterprise (NYSE: HPE) will host its AI Day on October 10, 2024. Join the live webcast to hear from Antonio Neri, president and CEO; Neil MacDonald, EVP and GM, Server (Compute, HPC & AI); and Fidelma Russo, EVP and GM, Hybrid Cloud and CTO, as they discuss HPE’s industry-leading technology and capabilities that are powering the company’s growth in AI. Their presentations will be followed by a live Q&A session. The webcast will begin Thursday, O.
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 14.35x, which is above its average ratio. Moreover, the 36-month beta value for HPE is 1.20. Analysts have varying opinions 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 3.10% of that float. On September 30, 2024, HPE’s average trading volume was 15.28M shares.
HPE’s Market Performance
The stock of Hewlett Packard Enterprise Co (HPE) has seen a 7.07% increase in the past week, with a 6.00% rise in the past month, and a -4.87% fall in the past quarter. The volatility ratio for the week is 1.81%, and the volatility levels for the past 30 days are at 2.77% for HPE. The simple moving average for the last 20 days is 10.52% for HPE stock, with a simple moving average of 12.81% for the last 200 days.
Analysts’ Opinion of HPE
Many brokerage firms have already submitted their reports for HPE stocks, with Barclays repeating the rating for HPE by listing it as a “Overweight.” The predicted price for HPE in the upcoming period, according to Barclays is $24 based on the research report published on September 25, 2024 of the current year 2024.
Citigroup, on the other hand, stated in their research note that they expect to see HPE reach a price target of $20. The rating they have provided for HPE stocks is “Neutral” according to the report published on September 23rd, 2024.
BofA Securities gave a rating of “Buy” to HPE, setting the target price at $24 in the report published on September 17th of the current year.
HPE Trading at 8.35% 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 -11.74% of loss for the given period.
Volatility was left at 2.77%, however, over the last 30 days, the volatility rate increased by 1.81%, as shares surge +7.82% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -2.56% lower at present.
During the last 5 trading sessions, HPE rose by +7.07%, which changed the moving average for the period of 200-days by +20.89% in comparison to the 20-day moving average, which settled at $18.30. In addition, Hewlett Packard Enterprise Co saw 18.61% 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 83,334 shares at the price of $19.72 back on Sep 25 ’24. After this action, Neri Antonio F now owns 1,758,641 shares of Hewlett Packard Enterprise Co, valued at $1,643,746 using the latest closing price.
Neri Antonio F, the President and CEO of Hewlett Packard Enterprise Co, sale 166,666 shares at $18.52 during a trade that took place back on Sep 18 ’24, which means that Neri Antonio F is holding 1,841,975 shares at $3,086,254 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 1.22. 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
To wrap up, the performance of Hewlett Packard Enterprise Co (HPE) has been better in recent times. The stock has received a bullish of “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
