The stock of HP Inc (NYSE: HPQ) has decreased by -0.80 when compared to last closing price of 37.58. Despite this, the company has experienced a 0.73% gain in its stock price over the last five trading sessions. zacks.com reported 2024-10-14 that The latest trading day saw HP (HPQ) settling at $37.44, representing a +1.16% change from its previous close.
Is It Worth Investing in HP Inc (NYSE: HPQ) Right Now?
HP Inc (NYSE: HPQ) has a price-to-earnings ratio of 13.08x that is above its average ratio. Additionally, the 36-month beta value for HPQ is 1.09. There are mixed opinions on the stock, with 7 analysts rating it as a “buy,” 5 rating it as “overweight,” 6 rating it as “hold,” and 0 rating it as “sell.”
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The public float for HPQ is 961.47M and currently, short sellers hold a 4.71% ratio of that float. The average trading volume of HPQ on October 21, 2024 was 7.50M shares.
HPQ’s Market Performance
HPQ stock saw an increase of 0.73% in the past week, with a monthly gain of 7.06% and a quarterly increase of -1.95%. The volatility ratio for the week is 1.83%, and the volatility levels for the last 30 days are 1.96% for HP Inc (HPQ). The simple moving average for the past 20 days is 2.79% for HPQ’s stock, with a 14.71% simple moving average for the past 200 days.
Analysts’ Opinion of HPQ
Many brokerage firms have already submitted their reports for HPQ stocks, with Citigroup repeating the rating for HPQ by listing it as a “Neutral.” The predicted price for HPQ in the upcoming period, according to Citigroup is $37 based on the research report published on October 01, 2024 of the current year 2024.
BofA Securities, on the other hand, stated in their research note that they expect to see HPQ reach a price target of $37. The rating they have provided for HPQ stocks is “Neutral” according to the report published on September 27th, 2024.
JP Morgan gave a rating of “Overweight” to HPQ, setting the target price at $42 in the report published on August 23rd of the current year.
HPQ Trading at 5.59% from the 50-Day Moving Average
After a stumble in the market that brought HPQ to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -5.67% of loss for the given period.
Volatility was left at 1.96%, however, over the last 30 days, the volatility rate increased by 1.83%, as shares surge +7.25% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +12.90% upper at present.
During the last 5 trading sessions, HPQ rose by +0.73%, which changed the moving average for the period of 200-days by +24.68% in comparison to the 20-day moving average, which settled at $36.27. In addition, HP Inc saw 23.89% 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 HPQ starting from LORES ENRIQUE, who sale 211,501 shares at the price of $33.16 back on Sep 12 ’24. After this action, LORES ENRIQUE now owns 3 shares of HP Inc, valued at $7,013,373 using the latest closing price.
LORES ENRIQUE, the Officer of HP Inc, proposed sale 211,501 shares at $33.16 during a trade that took place back on Sep 12 ’24, which means that LORES ENRIQUE is holding shares at $7,012,593 based on the most recent closing price.
Stock Fundamentals for HPQ
Current profitability levels for the company are sitting at:
- 0.08 for the present operating margin
- 0.22 for the gross margin
The net margin for HP Inc stands at 0.05. The total capital return value is set at 0.36.
Based on HP Inc (HPQ), the company’s capital structure generated 1.17 points at debt to capital in total, while cash flow to debt ratio is standing at 0.43. The debt to equity ratio resting at -6.91. The interest coverage ratio of the stock is 7.87.
Currently, EBITDA for the company is 5.84 billion with net debt to EBITDA at 1.3. When we switch over and look at the enterprise to sales, we see a ratio of 0.8. The receivables turnover for the company is 11.44for trailing twelve months and the total asset turnover is 1.4. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.71.
Conclusion
In conclusion, HP Inc (HPQ) has seen better performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others rating it 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.
