The stock of HP Inc (HPQ) has seen a -0.27% decrease in the past week, with a -2.29% drop in the past month, and a 6.13% flourish in the past quarter. The volatility ratio for the week is 2.42%, and the volatility levels for the past 30 days are at 2.29% for HPQ. The simple moving average for the last 20 days is 0.16% for HPQ stock, with a simple moving average of 10.56% for the last 200 days.
Is It Worth Investing in HP Inc (NYSE: HPQ) Right Now?
The price-to-earnings ratio for HP Inc (NYSE: HPQ) is above average at 12.88x. The 36-month beta value for HPQ is also noteworthy at 1.07. There are mixed opinions on the stock, with 7 analysts rating it as a “buy,” 5 rating it as “overweight,” 11 rating it as “hold,” and 1 rating it as “sell.”
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The public float for HPQ is 961.36M, and at present, short sellers hold a 4.65% of that float. The average trading volume of HPQ on November 18, 2024 was 7.49M shares.
HPQ) stock’s latest price update
The stock of HP Inc (NYSE: HPQ) has increased by 0.63 when compared to last closing price of 36.49. Despite this, the company has experienced a -0.27% fall in its stock price over the last five trading sessions. newsfilecorp.com reported 2024-11-14 that Vancouver, British Columbia–(Newsfile Corp. – November 14, 2024) – Homerun Resources Inc. (TSXV: HMR) (OTCQB: HMRFF) (“Homerun” or the “Company”) is pleased to announce that the Company has performed an exploratory auger drilling program on its 100% owned silica sand tenements in the Belmonte Silica Sand District and was able to identify HPQ silica sand exploration target volumes in multiple areas across the total 7930 Hectares. HIGHLIGHTS: The concessions are contiguous to the quartzite stone operations of Saint Gobain (Brazil).
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 2.10% 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 -7.09% of loss for the given period.
Volatility was left at 2.29%, however, over the last 30 days, the volatility rate increased by 2.42%, as shares sank -1.50% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +8.57% upper at present.
During the last 5 trading sessions, HPQ fell by -0.27%, which changed the moving average for the period of 200-days by +26.88% in comparison to the 20-day moving average, which settled at $36.66. In addition, HP Inc saw 22.03% 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:
- 0.07 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 7.74.
Currently, EBITDA for the company is 4.46 billion with net debt to EBITDA at 1.57. When we switch over and look at the enterprise to sales, we see a ratio of 0.81. 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 summary, HP Inc (HPQ) 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 is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
