Hewlett Packard Enterprise Co [NYSE: HPE] gained 1.16% or 0.24 points to close at $20.86 with a heavy trading volume of 10741514 shares.
The daily chart for HPE points out that the company has recorded 14.99% gains over the past six months.
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If we look at the average trading volume of 15.16M shares, HPE reached to a volume of 10741514 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 $21.15 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 2.33. 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 Hewlett Packard Enterprise Co shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on September 25, 2024. While these analysts kept the previous recommendation, Citigroup raised their target price to Neutral. The new note on the price target was released on September 23, 2024, representing the official price target for Hewlett Packard Enterprise Co stock. Previously, the target price had yet another raise from $21 to $24, while BofA Securities kept a Buy rating on HPE stock.
The Average True Range (ATR) for Hewlett Packard Enterprise Co is set at 0.59, with the Price to Sales ratio for HPE stock in the period of the last 12 months amounting to 0.94. The Price to Book ratio for the last quarter was 1.23, with the Price to Cash per share for the same quarter was set at 3.01. Price to Free Cash Flow for HPE in the course of the last twelve months was 9.96 with Quick ratio for the last quarter at 0.61.
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 1.96. With this latest performance, HPE shares gained by 19.00% in over the last four-week period, additionally plugging by 14.99% over the last 6 months – not to mention a rise of 24.24% 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 66.56, with the RSI for the last a single of trading hit 71.52, and the three-weeks RSI is set at 62.44 for Hewlett Packard Enterprise Co [HPE]. The present Moving Average for the last 50 days of trading for this stock 18.61, while it was recorded at 20.46 for the last single week of trading, and 17.98 for the last 200 days.
Hewlett Packard Enterprise Co [HPE]: A deeper dive into fundamental analysis
Hewlett Packard Enterprise Co’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.61 and a Current Ratio set at 0.94.
Hewlett Packard Enterprise Co [HPE]: An earnings per share (EPS) analysis
With the latest financial reports released by the company, Hewlett Packard Enterprise Co posted 0.52/share EPS, while the average EPS was predicted by analysts to be reported at 0.5/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 0.02. 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 4.21%.
An analysis of Institutional ownership at Hewlett Packard Enterprise Co [HPE]
There are presently around $83.72%, or 84.06%% of HPE stock, in the hands of institutional investors. The top three institutional holders of HPE stocks are: VANGUARD GROUP INC with ownership of 163.62 million shares, which is approximately 12.4809%. BLACKROCK INC., holding 125.55 million shares of the stock with an approximate value of $$2.66 billion in HPE stocks shares; and BLACKROCK INC., currently with $$1.47 billion in HPE stock with ownership which is approximately 5.2493%.
