Hewlett Packard Enterprise Co (HPE)’s Market Momentum: Closing Strong at 21.48, Down -1.65

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As of close of business last night, Hewlett Packard Enterprise Co’s stock clocked out at $21.48, down -1.65% from its previous closing price of $21.84. In other words, the price has decreased by -$1.65 from its previous closing price. On the day, 25.47 million shares were traded. HPE stock price reached its highest trading level at $22.74 during the session, while it also had its lowest trading level at $21.405.

Ratios:

To gain a deeper understanding of HPE’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 9.55 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 9.42. For the most recent quarter (mrq), Quick Ratio is recorded 0.59 and its Current Ratio is at 0.90. In the meantime, Its Debt-to-Equity ratio is 0.52 whereas as Long-Term Debt/Eq ratio is at 0.35.

On March 01, 2024, Wells Fargo Downgraded its rating to Equal Weight which previously was Overweight and also lowered its target price recommendation from $21 to $17.

Bernstein Downgraded its Outperform to Mkt Perform on January 16, 2024, whereas the target price for the stock was revised from $20 to $17.

Insider Transactions:

Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Jun 14 ’24 when Gold Gerri sold 22,784 shares for $21.67 per share. The transaction valued at 493,816 led to the insider holds 57,081 shares of the business.

MacDonald Neil B sold 36,671 shares of HPE for $752,011 on Jun 11 ’24. The EVP, GM of Compute HPC AI now owns 111,054 shares after completing the transaction at $20.51 per share. On Jun 11 ’24, another insider, Karros Kirt P, who serves as the SVP, Treasurer and FP&A of the company, sold 30,686 shares for $20.49 each. As a result, the insider received 628,870 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, HPE now has a Market Capitalization of 28384960512 and an Enterprise Value of 37222981632. As of this moment, Hewlett’s Price-to-Earnings (P/E) ratio for their current fiscal year is 15.66, and their Forward P/E ratio for the next fiscal year is 10.22. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 4.23. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.99 while its Price-to-Book (P/B) ratio in mrq is 1.29. Its current Enterprise Value per Revenue stands at 1.315 whereas that against EBITDA is 7.607.

Stock Price History:

The Beta on a monthly basis for HPE is 1.22, which has changed by 0.3002422 over the last 52 weeks, in comparison to a change of 0.2586832 over the same period for the S&P500. Over the past 52 weeks, HPE has reached a high of $22.82, while it has fallen to a 52-week low of $14.47. The 50-Day Moving Average of the stock is 18.52%, while the 200-Day Moving Average is calculated to be 27.26%.

Shares Statistics:

It appears that HPE traded 15.77M shares on average per day over the past three months and 24253250 shares per day over the past ten days. A total of 1.30B shares are outstanding, with a floating share count of 1.29B. Insiders hold about 0.41% of the company’s shares, while institutions hold 84.54% stake in the company. Shares short for HPE as of 1715731200 were 28860848 with a Short Ratio of 1.75, compared to 1713139200 on 29788118. Therefore, it implies a Short% of Shares Outstanding of 28860848 and a Short% of Float of 2.53.

Dividends & Splits

With its trailing 12-month dividend rate of 0.5, HPE has a forward annual dividend rate of 0.51. Against a Trailing Annual Dividend Yield of 0.022893773The stock’s 5-year Average Dividend Yield is 3.4. The current Payout Ratio is 31.19% for HPE, which recently paid a dividend on 2024-06-18 with an ex-dividend date of 1718668800. Stock splits for the company last occurred on 2017-09-01 when the company split stock in a 1289:1000 ratio.

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