HP Inc [NYSE: HPQ] closed the trading session at $33.14.
The stocks have a year to date performance of 10.14 percent and weekly performance of 4.15 percent. The stock has been moved at 15.71 percent over the last six months. The stock has performed 18.36 percent around the most recent 30 days and changed 14.95 percent over the most recent 3-months.
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If compared to the average trading volume of 7.56M shares, HPQ reached to a volume of 7967913 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to 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 $32.39 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 2.22. 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.
Barclays have made an estimate for HP Inc shares, keeping their opinion on the stock as Equal Weight, with their previous recommendation back on May 21, 2024. While these analysts kept the previous recommendation, HSBC Securities raised their target price from $30 to $33. The new note on the price target was released on February 14, 2024, representing the official price target for HP Inc stock. Previously, the target price had yet another raise from $31 to $35, while Morgan Stanley kept a Overweight rating on HPQ stock. On December 11, 2023, analysts increased their price target for HPQ shares from 33 to 40.
The Average True Range (ATR) for HP Inc is set at 0.60, with the Price to Sales ratio for HPQ stock in the period of the last 12 months amounting to 0.61. Price to Free Cash Flow for HPQ in the course of the last twelve months was 10.35 with Quick ratio for the last quarter at 0.42.
HPQ stock trade performance evaluation
HP Inc [HPQ] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 4.15. With this latest performance, HPQ shares gained by 18.36% in over the last four-week period, additionally plugging by 15.71% over the last 6 months – not to mention a rise of 7.25% 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 77.93, with the RSI for the last a single of trading hit 82.44, and the three-weeks RSI is set at 72.90 for HP Inc [HPQ]. The present Moving Average for the last 50 days of trading for this stock 29.58, while it was recorded at 32.85 for the last single week of trading, and 28.96 for the last 200 days.
HP Inc [HPQ]: An insightful look at the core fundamentals
HP Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.42 and a Current Ratio set at 0.71.
Earnings per share (EPS) analysis for HP Inc [HPQ] stock
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 3.80%.
HP Inc [HPQ]: Institutional Ownership
The top three institutional holders of HPQ stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.4983%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $200.69 billion in HPQ stocks shares; and BERKSHIRE HATHAWAY INC, currently with $174.35 billion in HPQ stock with ownership which is approximately 5.8386%.
