HP Inc [NYSE: HPQ] stock went on an upward path that rose over 1.24% on Monday, amounting to a one-week price increase of more than 1.08%. The company report on October 25, 2023 at 12:00 PM that HP Paves Way for Partner Growth with Integration of All Solutions & Services Under Amplify Partner Program.
Introduces enticing new Commercial Partner benefits and extends renowned Amplify™ Program to Distribution Partners.
Over the last 12 months, HPQ stock dropped by -3.89%. The one-year HP Inc stock forecast points to a potential upside of 13.35. The average equity rating for HPQ stock is currently 2.72, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $25.85 billion, with 988.27 million shares outstanding and 986.36 million shares in the current float. Compared to the average trading volume of 7.60M shares, HPQ stock reached a trading volume of 5445150 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on 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 $30.19 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 2.72. 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.
BofA Securities have made an estimate for HP Inc shares, keeping their opinion on the stock as Buy, with their previous recommendation back on October 03, 2023.
The Average True Range (ATR) for HP Inc is set at 0.54, with the Price to Sales ratio for HPQ stock in the period of the last 12 months amounting to 0.48. Price to Free Cash Flow for HPQ in the course of the last twelve months was 8.92 with Quick ratio for the last quarter at 0.41.
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 1.08. With this latest performance, HPQ shares gained by 1.79% in over the last four-week period, additionally sinking by -12.68% over the last 6 months – not to mention a drop of -3.89% 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 42.90, with the RSI for the last a single of trading hit 45.91, and the three-weeks RSI is set at 40.89 for HP Inc [HPQ]. The present Moving Average for the last 50 days of trading for this stock 27.70, while it was recorded at 26.07 for the last single week of trading, and 29.51 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 +7.00 and a Gross Margin at +18.15. HP Inc’s Net Margin is presently recorded at +5.05.
Return on Total Capital for HPQ is now 52.97, 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 31.94.
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 0.41 and a Current Ratio set at 0.69.
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 -2.84%.
HP Inc [HPQ] Institutonal Ownership Details
The top three institutional holders of HPQ stocks are: VANGUARD GROUP INC with ownership of 1.3 billion shares, which is approximately 8.2579%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $201.66 billion in HPQ stocks shares; and BERKSHIRE HATHAWAY INC, currently with $177.59 billion in HPQ stock with ownership which is approximately 5.7994%.