HP Inc [HPQ] Is Currently -1.92 below its 200 Period Moving Avg: What Does This Mean?

HP Inc [NYSE: HPQ] stock went on a downward path that fall over -1.92% on Tuesday, amounting to a one-week price decrease of less than -0.53%. The company report on February 7, 2024 at 4:15 PM that HP Inc. to Announce First Quarter Fiscal 2024 Earnings on February 28, 2024.

Over the last 12 months, HPQ stock dropped by -6.11%. The one-year HP Inc stock forecast points to a potential upside of 10.61. The average equity rating for HPQ stock is currently 2.28, trading closer to a bullish pattern in the stock market.

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The market cap for the stock reached $27.88 billion, with 989.00 million shares outstanding and 988.64 million shares in the current float. Compared to the average trading volume of 8.79M shares, HPQ stock reached a trading volume of 6504639 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 $31.48 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 2.28. 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.

Morgan Stanley have made an estimate for HP Inc shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on December 12, 2023.

The Average True Range (ATR) for HP Inc is set at 0.52, with the Price to Sales ratio for HPQ stock in the period of the last 12 months amounting to 0.52. Price to Free Cash Flow for HPQ in the course of the last twelve months was 9.41 with Quick ratio for the last quarter at 0.45.

HPQ Stock Performance Analysis:

HP Inc [HPQ] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -0.53. With this latest performance, HPQ shares dropped by -5.60% in over the last four-week period, additionally sinking by -12.25% over the last 6 months – not to mention a drop of -6.11% 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 39.75, with the RSI for the last a single of trading hit 37.53, and the three-weeks RSI is set at 42.29 for HP Inc [HPQ]. The present Moving Average for the last 50 days of trading for this stock 29.52, while it was recorded at 28.30 for the last single week of trading, and 29.50 for the last 200 days.

Insight into HP Inc Fundamentals:

HP Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.45 and a Current Ratio set at 0.73.

HPQ Stock EPS

With the latest financial reports released by the company, HP Inc posted 0.75/share EPS, while the average EPS was predicted by analysts to be reported at 0.75/share. 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 7.73%.

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 8.2815%. BLACKROCK INC., holding 1.03 billion shares of the stock with an approximate value of $176.59 billion in HPQ stocks shares; and BERKSHIRE HATHAWAY INC, currently with $156.75 billion in HPQ stock with ownership which is approximately 5.8325%.