Market Analysts see HP Inc. [HPQ] gaining to $32. Time to buy?

HP Inc. [NYSE: HPQ] traded at a high on 09/01/23, posting a 2.22 gain after which it closed the day’ session at $30.37. The company report on August 23, 2023 at 9:00 AM that Threat Actors Get Creative with Building Block Style Attacks, Finds HP.

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The results of the trading session contributed to over 9619361 shares changing hands. Over the past one week, the price volatility of HP Inc. stands at 2.84% while the volatility over the past one month is 2.03%.

The market cap for HPQ stock reached $29.29 billion, with 991.00 million shares outstanding and 984.10 million shares in the current float. Compared to the average trading volume of 6.91M shares, HPQ reached a trading volume of 9619361 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]?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for HPQ shares is $29.77 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 2.90. 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.

Citigroup have made an estimate for HP Inc. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on June 30, 2023.

The Average True Range (ATR) for HP Inc. is set at 0.81, with the Price to Sales ratio for HPQ stock in the period of the last 12 months amounting to 0.54.

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 -1.52. With this latest performance, HPQ shares dropped by -7.13% in over the last four-week period, additionally plugging by 6.15% over the last 6 months – not to mention a rise of 5.78% 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 41.48, with the RSI for the last a single of trading hit 41.39, and the three-weeks RSI is set at 43.21 for HP Inc. [HPQ]. The present Moving Average for the last 50 days of trading for this stock 31.75, while it was recorded at 30.41 for the last single week of trading, and 29.78 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.

Return on Total Capital for HPQ is now 54.23, given the latest momentum, and Return on Invested Capital for the company is 44.41. Additionally, HPQ Total Debt to Total Capital is recorded at 131.12, with Total Debt to Total Assets ending up at 31.86.

Reflecting on the efficiency of the workforce at the company, HP Inc. [HPQ] managed to generate an average of $55,224 per employee. Receivables Turnover for the company is 7.89 with a Total Asset Turnover recorded at a value of 1.61.HP Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.40 and a Current Ratio set at 0.70.

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 -1.77%.

Insider trade positions for HP Inc. [HPQ]

The top three institutional holders of HPQ stocks are: VANGUARD GROUP INC with ownership of 1.31 billion shares, which is approximately 8.2089%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $170.67 trillion in HPQ stocks shares; and BERKSHIRE HATHAWAY INC, currently with $150.98 trillion in HPQ stock with ownership which is approximately 5.7381%.

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