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The closing price of HP Inc (NYSE: HPQ) was $36.07 for the day, up 1.84% from the previous closing price of $35.42. In other words, the price has increased by $1.84 from its previous closing price. On the day, 5.34 million shares were traded. HPQ stock price reached its highest trading level at $36.1 during the session, while it also had its lowest trading level at $35.515.
Ratios:
Our analysis of HPQ’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 14.02 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 11.43. 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:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. 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 35296657408 and an Enterprise Value of 43607646208. As of this moment, HP’s Price-to-Earnings (P/E) ratio for their current fiscal year is 12.15, and their Forward P/E ratio for the next fiscal year is 9.68. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.38. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.67. Its current Enterprise Value per Revenue stands at 0.823 whereas that against EBITDA is 8.499.
Stock Price History:
The Beta on a monthly basis for HPQ is 1.11, which has changed by 0.07479143 over the last 52 weeks, in comparison to a change of 0.24919295 over the same period for the S&P500. 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 8.37%, while the 200-Day Moving Average is calculated to be 21.22%.
Shares Statistics:
HPQ traded an average of 8.06M shares per day over the past three months and 6606400 shares per day over the past ten days. A total of 989.00M shares are outstanding, with a floating share count of 976.43M. Insiders hold about 0.22% of the company’s shares, while institutions hold 78.58% stake in the company. Shares short for HPQ as of 1718323200 were 22306091 with a Short Ratio of 2.77, compared to 1715731200 on 20986319. Therefore, it implies a Short% of Shares Outstanding of 22306091 and a Short% of Float of 2.5999999.
Dividends & Splits
With its trailing 12-month dividend rate of 1.071, HPQ has a forward annual dividend rate of 1.09. Against a Trailing Annual Dividend Yield of 0.030237155The stock’s 5-year Average Dividend Yield is 3.22. The current Payout Ratio is 32.18% for HPQ, which recently paid a dividend on 2024-06-12 with an ex-dividend date of 1726012800. Stock splits for the company last occurred on 2015-11-02 when the company split stock in a 2202:1000 ratio.
