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In the latest session, HP Inc (NYSE: HPQ) closed at $35.52 down -1.69% from its previous closing price of $36.13. In other words, the price has decreased by -$1.69 from its previous closing price. On the day, 6.91 million shares were traded. HPQ stock price reached its highest trading level at $36.3 during the session, while it also had its lowest trading level at $35.46.
Ratios:
For a deeper understanding of HP Inc’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 13.81 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 11.25. For the most recent quarter (mrq), Quick Ratio is recorded 0.45 and its Current Ratio is at 0.75.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, TD Cowen on May 30, 2024, Reiterated its Hold rating but revised its target price to $32 from $30 previously.
On May 21, 2024, Barclays Upgraded its rating to Equal Weight which previously was Underweight and also upped its target price recommendation from $24 to $30.
HSBC Securities Upgraded its Hold to Buy on February 14, 2024, whereas the target price for the stock was revised from $30 to $33.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Jun 21 ’24 when CHO ALEX sold 173,137 shares for $36.11 per share. The transaction valued at 6,251,977 led to the insider holds 64,676 shares of the business.
BENNETT ROBERT R sold 67,000 shares of HPQ for $2,010,670 on Mar 21 ’24. The Director now owns 60,216 shares after completing the transaction at $30.01 per share. On Mar 08 ’24, another insider, Liebman Stephanie, who serves as the Global Controller of the company, sold 8,708 shares for $30.93 each. As a result, the insider received 269,338 and left with 0 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, HPQ now has a Market Capitalization of 34758451200 and an Enterprise Value of 43666358272. As of this moment, HP’s Price-to-Earnings (P/E) ratio for their current fiscal year is 11.97, and their Forward P/E ratio for the next fiscal year is 9.53. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.35. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.66. Its current Enterprise Value per Revenue stands at 0.824 whereas that against EBITDA is 8.51.
Stock Price History:
Over the past 52 weeks, HPQ has reached a high of $39.52, while it has fallen to a 52-week low of $25.22. The 50-Day Moving Average of the stock is -0.08%, while the 200-Day Moving Average is calculated to be 16.36%.
Shares Statistics:
For the past three months, HPQ has traded an average of 8.02M shares per day and 6246830 over the past ten days. A total of 989.00M shares are outstanding, with a floating share count of 976.39M. Insiders hold about 0.22% of the company’s shares, while institutions hold 79.52% stake in the company. Shares short for HPQ as of 1721001600 were 21851221 with a Short Ratio of 2.72, compared to 1718323200 on 22306091. Therefore, it implies a Short% of Shares Outstanding of 21851221 and a Short% of Float of 2.55.
Dividends & Splits
According to the company, the forward annual dividend rate for HPQ is 1.09, from 1.071 in the trailing year. Against a Trailing Annual Dividend Yield of 0.029642954The stock’s 5-year Average Dividend Yield is 3.22.
