HP Inc. [HPQ] Revenue clocked in at $64.86 billion, down -32.47% YTD: What’s Next?

HP Inc. [NYSE: HPQ] loss -2.23% or -0.58 points to close at $25.44 with a heavy trading volume of 10697170 shares. The company report on October 12, 2022 that How a New Black-Owned Tech Ecosystem Is Taking Shape in Tulsa.

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HP Inc.

More than 1,700 miles away from Silicon Valley, Tyrance Billingsley II is leading the charge to create a new, global technology hub in his hometown of Tulsa, Oklahoma. His goal: To build a thriving economy of Black-owned businesses in an industry where Black innovators have been historically underrepresented and in a city with a legacy of Black entrepreneurialism.

It opened the trading session at $26.11, the shares rose to $26.35 and dropped to $25.395, the range by which the price of stock traded the whole day. The daily chart for HPQ points out that the company has recorded -32.11% loss over the past six months. However, it is still -5.65% lower than its most recent low trading price.

If we look at the average trading volume of 9.13M shares, HPQ reached to a volume of 10697170 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying about HP Inc. [HPQ]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for HPQ shares is $30.49 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on HPQ stock is a recommendation set at 3.10. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Loop Capital have made an estimate for HP Inc. shares, keeping their opinion on the stock as Hold, with their previous recommendation back on September 01, 2022. While these analysts kept the previous recommendation, Wells Fargo dropped their target price from $35 to $30. The new note on the price target was released on August 19, 2022, representing the official price target for HP Inc. stock. Previously, the target price had yet another raise to $39, while Credit Suisse analysts kept a Outperform rating on HPQ stock. On July 05, 2022, analysts decreased their price target for HPQ shares from 43 to 36.

The Average True Range (ATR) for HP Inc. is set at 0.94, with the Price to Sales ratio for HPQ stock in the period of the last 12 months amounting to 0.40. Price to Free Cash Flow for HPQ in the course of the last twelve months was 7.31 with Quick ratio for the last quarter at 0.60.

Trading performance analysis for HPQ stock

HP Inc. [HPQ] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 1.60. With this latest performance, HPQ shares dropped by -5.57% in over the last four-week period, additionally sinking by -32.11% over the last 6 months – not to mention a drop of -7.46% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for HPQ stock in for the last two-week period is set at 41.98, with the RSI for the last a single of trading hit 45.36, and the three-weeks RSI is set at 40.26 for HP Inc. [HPQ]. The present Moving Average for the last 50 days of trading for this stock 28.96, while it was recorded at 25.18 for the last single week of trading, and 34.32 for the last 200 days.

HP Inc. [HPQ]: A deeper dive into fundamental analysis

Operating Margin for any stock indicates how profitable investing would be, and HP Inc. [HPQ] shares currently have an operating margin of +9.10 and a Gross Margin at +21.11. HP Inc.’s Net Margin is presently recorded at +10.21.

HP Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.60 and a Current Ratio set at 0.90.

HP Inc. [HPQ]: An earnings per share (EPS) analysis

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for HPQ. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for HP Inc. go to 1.23%.

An analysis of insider ownership at HP Inc. [HPQ]

There are presently around $21,569 million, or 86.40% of HPQ stock, in the hands of institutional investors. The top three institutional holders of HPQ stocks are: BERKSHIRE HATHAWAY INC with ownership of 104,476,035, which is approximately 0% of the company’s market cap and around 0.10% of the total institutional ownership; VANGUARD GROUP INC, holding 99,239,585 shares of the stock with an approximate value of $2.52 billion in HPQ stocks shares; and BLACKROCK INC., currently with $2.5 billion in HPQ stock with ownership of nearly -2.788% of the company’s market capitalization.

Positions in HP Inc. stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 458 institutional holders increased their position in HP Inc. [NYSE:HPQ] by around 47,564,336 shares. Additionally, 515 investors decreased positions by around 88,029,432 shares, while 198 investors held positions by with 712,230,810 shares. The mentioned changes placed institutional holdings at 847,824,578 shares, according to the latest SEC report filing. HPQ stock had 91 new institutional investments in for a total of 8,912,990 shares, while 107 institutional investors sold positions of 6,681,204 shares during the same period.


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