Hewlett Packard Enterprise Co (NYSE: HPE)’s stock price has soared by 0.31 in relation to previous closing price of 19.40. Nevertheless, the company has seen a loss of -5.94% in its stock price over the last five trading days. zacks.com reported 2024-10-22 that Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
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 13.86x. 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 2.86% of that float. The average trading volume of HPE on October 28, 2024 was 15.38M shares.
HPE’s Market Performance
HPE’s stock has seen a -5.94% decrease for the week, with a -4.37% drop in the past month and a 0.26% gain in the past quarter. The volatility ratio for the week is 2.50%, and the volatility levels for the past 30 days are at 2.29% for Hewlett Packard Enterprise Co The simple moving average for the last 20 days is -4.56% for HPE’s stock, with a simple moving average of 6.81% for the last 200 days.
Analysts’ Opinion of HPE
Many brokerage firms have already submitted their reports for HPE stocks, with Deutsche Bank repeating the rating for HPE by listing it as a “Hold.” The predicted price for HPE in the upcoming period, according to Deutsche Bank is $22 based on the research report published on October 09, 2024 of the current year 2024.
Barclays, on the other hand, stated in their research note that they expect to see HPE reach a price target of $24, previously predicting the price at $20. The rating they have provided for HPE stocks is “Overweight” according to the report published on September 25th, 2024.
Citigroup gave a rating of “Neutral” to HPE, setting the target price at $20 in the report published on September 23rd of the current year.
HPE Trading at 1.06% 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 -14.72% of loss for the given period.
Volatility was left at 2.29%, however, over the last 30 days, the volatility rate increased by 2.50%, as shares sank -3.38% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +3.73% upper at present.
During the last 5 trading sessions, HPE fell by -5.94%, which changed the moving average for the period of 200-days by +18.44% in comparison to the 20-day moving average, which settled at $20.39. In addition, Hewlett Packard Enterprise Co saw 14.61% 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 250,000 shares at the price of $20.73 back on Oct 14 ’24. After this action, Neri Antonio F now owns 1,508,641 shares of Hewlett Packard Enterprise Co, valued at $5,181,625 using the latest closing price.
Cox Jeremy, the SVP, Controller & CTO of Hewlett Packard Enterprise Co, sale 7,770 shares at $21.00 during a trade that took place back on Oct 08 ’24, which means that Cox Jeremy is holding 7,771 shares at $163,170 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 1.19. 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.
