Hewlett Packard Enterprise Co (NYSE: HPE)’s stock price has plunge by 1.33relation to previous closing price of 20.35. Nevertheless, the company has seen a 2.38% surge in its stock price over the last five trading sessions. zacks.com reported 2024-10-04 that Hewlett Packard Enterprise (HPE) reported earnings 30 days ago. What’s next for the stock?
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 14.69x compared to its average ratio. HPE has 36-month beta value of 1.20. 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 3.10% ratio of that float. The average trading volume of HPE on October 07, 2024 was 15.26M shares.
HPE’s Market Performance
The stock of Hewlett Packard Enterprise Co (HPE) has seen a 2.38% increase in the past week, with a 16.89% rise in the past month, and a -1.29% fall in the past quarter. The volatility ratio for the week is 2.90%, and the volatility levels for the past 30 days are at 2.69% for HPE. The simple moving average for the last 20 days is 10.76% for HPE stock, with a simple moving average of 14.92% 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 11.04% 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 -9.64% of loss for the given period.
Volatility was left at 2.69%, however, over the last 30 days, the volatility rate increased by 2.90%, as shares surge +17.63% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +6.02% upper at present.
During the last 5 trading sessions, HPE rose by +2.38%, which changed the moving average for the period of 200-days by +22.81% in comparison to the 20-day moving average, which settled at $18.77. In addition, Hewlett Packard Enterprise Co saw 21.44% 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 RUSSO FIDELMA, who proposed sale 55,908 shares at the price of $19.99 back on Oct 02 ’24. After this action, RUSSO FIDELMA now owns shares of Hewlett Packard Enterprise Co, valued at $1,117,478 using the latest closing price.
RUSSO FIDELMA, the EVP, GM, Hybrid Cloud & CTO of Hewlett Packard Enterprise Co, sale 55,908 shares at $19.99 during a trade that took place back on Oct 02 ’24, which means that RUSSO FIDELMA is holding 0 shares at $1,117,478 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 1.24. 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 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.
