HP Inc. [HPQ] Stock trading around $26.72 per share: What’s Next?

HP Inc. [NYSE: HPQ] traded at a low on 12/16/22, posting a -0.45 loss after which it closed the day’ session at $26.72. The company report on December 1, 2022 that Archive files “.ZIP past” Office docs as most common malicious file type for the first time.

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HP Wolf Security report shows powerful combination of archive files and HTML smuggling is helping threat actors hoodwink detection tools.

The results of the trading session contributed to over 17946948 shares changing hands. Over the past one week, the price volatility of HP Inc. stands at 3.30% while the volatility over the past one month is 3.05%.

The market cap for HPQ stock reached $26.36 billion, with 996.00 million shares outstanding and 970.20 million shares in the current float. Compared to the average trading volume of 8.76M shares, HPQ reached a trading volume of 17946948 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about HP Inc. [HPQ]?

Credit Suisse have made an estimate for HP Inc. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on November 18, 2022. While these analysts kept the previous recommendation, Loop Capital dropped their target price from $50 to $29. The new note on the price target was released on September 01, 2022, representing the official price target for HP Inc. stock. Previously, the target price had yet another drop from $35 to $30, while Wells Fargo kept a Underweight rating on HPQ stock.

The Average True Range (ATR) for HP Inc. is set at 0.96, with the Price to Sales ratio for HPQ stock in the period of the last 12 months amounting to 0.42. Price to Free Cash Flow for HPQ in the course of the last twelve months was 10.00 with Quick ratio for the last quarter at 0.50.

How has HPQ stock performed recently?

HP Inc. [HPQ] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -5.28. With this latest performance, HPQ shares dropped by -8.77% in over the last four-week period, additionally sinking by -20.36% over the last 6 months – not to mention a drop of -27.19% 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 37.73, with the RSI for the last a single of trading hit 31.17, and the three-weeks RSI is set at 41.67 for HP Inc. [HPQ]. The present Moving Average for the last 50 days of trading for this stock 27.95, while it was recorded at 27.96 for the last single week of trading, and 32.41 for the last 200 days.

HP Inc. [HPQ]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and HP Inc. [HPQ] shares currently have an operating margin of +7.21 and a Gross Margin at +18.24. HP Inc.’s Net Margin is presently recorded at +5.16.

HP Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.50 and a Current Ratio set at 0.80.

Earnings analysis for HP Inc. [HPQ]

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 1.73%.

Insider trade positions for HP Inc. [HPQ]

There are presently around $21,454 million, or 83.70% 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 94,830,259 shares of the stock with an approximate value of $2.53 billion in HPQ stocks shares; and BLACKROCK INC., currently with $2.42 billion in HPQ stock with ownership of nearly -7.821% of the company’s market capitalization.

376 institutional holders increased their position in HP Inc. [NYSE:HPQ] by around 27,754,923 shares. Additionally, 584 investors decreased positions by around 70,141,229 shares, while 187 investors held positions by with 705,018,121 shares. The mentioned changes placed institutional holdings at 802,914,273 shares, according to the latest SEC report filing. HPQ stock had 69 new institutional investments in for a total of 5,215,521 shares, while 156 institutional investors sold positions of 6,306,795 shares during the same period.

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