Hewlett Packard Enterprise Co [NYSE: HPE] surged by $0.31 during the normal trading session on while it closed the day at $21.38.
Hewlett Packard Enterprise Co stock has also loss -2.91% of its value over the past 7 days. However, HPE stock has inclined by 13.91% in the 3 months of the year. Over the past six months meanwhile, it has gained 20.11% and gained 25.91% year-on date.
The market cap for HPE stock reached $27.41 billion, with 1.30 billion shares outstanding and 1.29 billion shares in the current float. Compared to the average trading volume of 15.16M shares, HPE reached a trading volume of 11573987 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 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 $21.93 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 2.26. 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.
Raymond James have made an estimate for Hewlett Packard Enterprise Co shares, keeping their opinion on the stock as Strong Buy, with their previous recommendation back on Nov-19-24. While these analysts kept the previous recommendation, Deutsche Bank raised their target price to Hold. The new note on the price target was released on October 09, 2024, representing the official price target for Hewlett Packard Enterprise Co stock. Previously, the target price had yet another raise from $20 to $24, while Barclays kept a Overweight rating on HPE stock.
The Average True Range (ATR) for Hewlett Packard Enterprise Co is set at 0.60, with the Price to Sales ratio for HPE stock in the period of the last 12 months amounting to 0.95. The Price to Book ratio for the last quarter was 1.26, with the Price to Cash per share for the same quarter was set at 3.05. Price to Free Cash Flow for HPE in the course of the last twelve months was 10.08 with Quick ratio for the last quarter at 0.61.
HPE stock trade performance evaluation
Hewlett Packard Enterprise Co [HPE] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -2.91. With this latest performance, HPE shares gained by 3.33% in over the last four-week period, additionally plugging by 20.11% over the last 6 months – not to mention a rise of 35.83% 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 57.89, with the RSI for the last a single of trading hit 57.23, and the three-weeks RSI is set at 57.60 for Hewlett Packard Enterprise Co [HPE]. The present Moving Average for the last 50 days of trading for this stock 19.95, while it was recorded at 21.47 for the last single week of trading, and 18.64 for the last 200 days.
Hewlett Packard Enterprise Co [HPE]: An insightful look at the core fundamentals
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.
Earnings per share (EPS) analysis for Hewlett Packard Enterprise Co [HPE] stock
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 3.45%.
Hewlett Packard Enterprise Co [HPE]: Institutional Ownership
There are presently around $86.15%, or 86.50%% 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%.
