HP Inc. [NYSE: HPQ] price plunged by -0.70 percent to reach at -$0.2. The company report on January 11, 2023 that HP Inc. Declares Dividend and Sets Annual Meeting and Record Dates.
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The dividend, the second in HP’s fiscal year 2023, is payable on April 5, 2023, to stockholders of record as of the close of business on March 8, 2023. HP has approximately 1.0 billion shares of common stock outstanding.
A sum of 4291997 shares traded at recent session while its average daily volume was at 7.33M shares. HP Inc. shares reached a high of $28.61 and dropped to a low of $28.27 until finishing in the latest session at $28.40.
The one-year HPQ stock forecast points to a potential upside of 3.2.
Guru’s Opinion on 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 0.74, with the Price to Sales ratio for HPQ stock in the period of the last 12 months amounting to 0.43. Price to Free Cash Flow for HPQ in the course of the last twelve months was 10.23 with Quick ratio for the last quarter at 0.50.
HPQ Stock Performance Analysis:
HP Inc. [HPQ] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 2.94. With this latest performance, HPQ shares gained by 6.41% in over the last four-week period, additionally sinking by -12.88% over the last 6 months – not to mention a drop of -18.53% 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 54.53, with the RSI for the last a single of trading hit 56.96, and the three-weeks RSI is set at 52.89 for HP Inc. [HPQ]. The present Moving Average for the last 50 days of trading for this stock 28.35, while it was recorded at 27.88 for the last single week of trading, and 31.31 for the last 200 days.
Insight into HP Inc. 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.
HPQ Stock EPS
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%.
HP Inc. [HPQ] Insider Position Details
There are presently around $22,439 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 $2.69 billion in HPQ stocks shares; and BLACKROCK INC., currently with $2.58 billion in HPQ stock with ownership of nearly -7.821% of the company’s market capitalization.
Positions in HP Inc. stocks held by institutional investors increased at the end of November and at the time of the November reporting period, where 377 institutional holders increased their position in HP Inc. [NYSE:HPQ] by around 24,307,426 shares. Additionally, 568 investors decreased positions by around 68,673,118 shares, while 189 investors held positions by with 697,125,302 shares. The mentioned changes placed institutional holdings at 790,105,846 shares, according to the latest SEC report filing. HPQ stock had 84 new institutional investments in for a total of 5,267,486 shares, while 138 institutional investors sold positions of 5,163,710 shares during the same period.