Hewlett Packard Enterprise Co (NYSE: HPE) has seen a rise in its stock price by 10.62 in relation to its previous close of 21.65. However, the company has experienced a 12.87% gain in its stock price over the last five trading sessions. youtube.com reported 2024-12-06 that Hewlett Packard Enterprise (HPE) shares closed 10% higher following the company’s better-than-expected fiscal fourth quarter earnings results. HPE beat both earnings and revenue estimates, with revenue coming in at a record-high $8.46 billion, up 15% year over year (estimates were for $8.26 billion) and adjusted earnings of $0.58 per share (estimates were for $0.56 per share).
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 12.57x compared to its average ratio. HPE has 36-month beta value of 1.23. Analysts have mixed views on the stock, with 5 analysts rating it as a “buy,” 5 as “overweight,” 9 as “hold,” and 0 as “sell.”
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The public float for HPE is 1.29B, and currently, short sellers hold a 2.60% ratio of that float. The average trading volume of HPE on December 09, 2024 was 15.38M shares.
HPE’s Market Performance
The stock of Hewlett Packard Enterprise Co (HPE) has seen a 12.87% increase in the past week, with a 12.28% rise in the past month, and a 36.08% gain in the past quarter. The volatility ratio for the week is 4.26%, and the volatility levels for the past 30 days are at 3.07% for HPE. The simple moving average for the past 20 days is 10.31% for HPE’s stock, with a 25.62% simple moving average for the past 200 days.
Analysts’ Opinion of HPE
Many brokerage firms have already submitted their reports for HPE stocks, with Citigroup repeating the rating for HPE by listing it as a “Buy.” The predicted price for HPE in the upcoming period, according to Citigroup is $26 based on the research report published on December 06, 2024 of the current year 2024.
Morgan Stanley, on the other hand, stated in their research note that they expect to see HPE reach a price target of $28, previously predicting the price at $23. The rating they have provided for HPE stocks is “Overweight” according to the report published on December 05th, 2024.
Raymond James gave a rating of “Strong Buy” to HPE, setting the target price at $29 in the report published on November 18th of the current year.
HPE Trading at 14.65% 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 able to rebound, for now settling with 4.95% of gains for the given period.
Volatility was left at 3.07%, however, over the last 30 days, the volatility rate increased by 4.26%, as shares surge +11.71% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +17.69% upper at present.
During the last 5 trading sessions, HPE rose by +12.87%, which changed the moving average for the period of 200-days by +58.93% in comparison to the 20-day moving average, which settled at $21.71. In addition, Hewlett Packard Enterprise Co saw 41.05% 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 Cox Jeremy, who proposed sale 7,771 shares at the price of $23.00 back on Dec 06 ’24. After this action, Cox Jeremy now owns shares of Hewlett Packard Enterprise Co, valued at $178,733 using the latest closing price.
Neri Antonio F, the President and CEO of Hewlett Packard Enterprise Co, sale 250,000 shares at $20.73 during a trade that took place back on Oct 14 ’24, which means that Neri Antonio F is holding 1,508,641 shares at $5,181,625 based on the most recent closing price.
Stock Fundamentals for HPE
Current profitability levels for the company are sitting at:
- 0.08 for the present operating margin
- 0.52 for the gross margin
The net margin for Hewlett Packard Enterprise Co stands at 0.08. The total capital return value is set at 0.05. Equity return is now at value 11.21, with 4.02 for asset returns.
Based on Hewlett Packard Enterprise Co (HPE), the company’s capital structure generated 0.42 points at debt to capital in total, while cash flow to debt ratio is standing at 0.28. The debt to equity ratio resting at 0.74. The interest coverage ratio of the stock is 20.78.
Currently, EBITDA for the company is 2.19 billion with net debt to EBITDA at 0.79. When we switch over and look at the enterprise to sales, we see a ratio of 1.15. The receivables turnover for the company is 8.47for trailing twelve months and the total asset turnover is 0.42. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.29.
Conclusion
To put it simply, Hewlett Packard Enterprise Co (HPE) has had a better performance in recent times. Analysts have a mixed 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.
