Hewlett Packard Enterprise Co [HPE] is -0.31% lower this YTD. Is it still time to buy?

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Hewlett Packard Enterprise Co [NYSE: HPE] loss -0.13% or -0.02 points to close at $15.91 with a heavy trading volume of 6377645 shares. The company report on November 1, 2023 at 4:43 PM that UK Government Invests £225m to Create UK’s Most Powerful AI Supercomputer With University of Bristol and Hewlett Packard Enterprise.

University of Bristol awarded £225m of a £300m overall Government investment to make the UK a world leader in AI with new Isambard-AI supercomputer.

Hewlett Packard Enterprise (HPE) has been named as the supplier to deliver next-generation supercomputing technologies and is due to deliver Isambard-AI at the National Composites Centre in Bristol next summer.

It opened the trading session at $15.92, the shares rose to $16.00 and dropped to $15.765, the range by which the price of stock traded the whole day. The daily chart for HPE points out that the company has recorded 12.12% gains over the past six months. However, it is still -16.56% lower than its most recent low trading price.

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If we look at the average trading volume of 10.58M shares, HPE reached to a volume of 6377645 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 Hewlett Packard Enterprise Co [HPE]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for HPE shares is $18.05 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on HPE stock is a recommendation set at 2.76. 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 Hewlett Packard Enterprise Co shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on June 30, 2023.

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The Average True Range (ATR) for Hewlett Packard Enterprise Co is set at 0.36, with the Price to Sales ratio for HPE stock in the period of the last 12 months amounting to 0.69. The Price to Book ratio for the last quarter was 0.99, with the Price to Cash per share for the same quarter was set at 2.44. Price to Free Cash Flow for HPE in the course of the last twelve months was 13.90 with Quick ratio for the last quarter at 0.65.

Trading performance analysis for HPE stock

Hewlett Packard Enterprise Co [HPE] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 3.99. With this latest performance, HPE shares dropped by -5.47% in over the last four-week period, additionally plugging by 12.12% over the last 6 months – not to mention a rise of 15.29% 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 HPE stock in for the last two-week period is set at 46.69, with the RSI for the last a single of trading hit 52.55, and the three-weeks RSI is set at 45.20 for Hewlett Packard Enterprise Co [HPE]. The present Moving Average for the last 50 days of trading for this stock 16.68, while it was recorded at 15.67 for the last single week of trading, and 16.06 for the last 200 days.

Hewlett Packard Enterprise Co [HPE]: A deeper dive into fundamental analysis

Operating Margin for any stock indicates how profitable investing would be, and Hewlett Packard Enterprise Co [HPE] shares currently have an operating margin of +6.54 and a Gross Margin at +31.40. Hewlett Packard Enterprise Co’s Net Margin is presently recorded at +3.09.

Return on Total Capital for HPE is now 5.41, given the latest momentum, and Return on Invested Capital for the company is 2.92. Return on Equity for this stock inclined to 4.36, with Return on Assets sitting at 1.51. When it comes to the capital structure of this company, Hewlett Packard Enterprise Co [HPE] has a Total Debt to Total Equity ratio set at 67.88. Additionally, HPE Total Debt to Total Capital is recorded at 40.43, with Total Debt to Total Assets ending up at 23.61. Long-Term Debt to Equity for the company is recorded at 43.82, with the Long-Term Debt to Total Capital now at 26.10.

Reflecting on the efficiency of the workforce at the company, Hewlett Packard Enterprise Co [HPE] managed to generate an average of $14,419 per employee. Receivables Turnover for the company is 3.62 with a Total Asset Turnover recorded at a value of 0.49.Hewlett Packard Enterprise Co’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.65 and a Current Ratio set at 0.87.

Hewlett Packard Enterprise Co [HPE]: 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 HPE. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Hewlett Packard Enterprise Co go to 3.23%.

An analysis of Institutional ownership at Hewlett Packard Enterprise Co [HPE]

The top three institutional holders of HPE 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 HPE stocks shares; and BERKSHIRE HATHAWAY INC, currently with $177.59 billion in HPE stock with ownership which is approximately 5.7994%.

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