Currently, there are 989.00M common shares owned by the public and among those 976.43M shares have been available to trade.
The company’s stock has a 5-day price change of 5.72% and 30.88% over the past three months. HPQ shares are trading 24.09% year to date (YTD), with the 12-month market performance up to 11.26% higher. It has a 12-month low price of $25.22 and touched a high of $39.52 over the same period. HPQ has an average intraday trading volume of 8.04 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 4.66%, 10.55%, and 24.88% respectively.
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Institutional ownership of HP Inc (NYSE: HPQ) shares accounts for 78.54% of the company’s 989.00M shares outstanding.
It has a market capitalization of $36.54B and a beta (3y monthly) value of 1.11. The stock’s trailing 12-month PE ratio is 12.58, while the earnings-per-share (ttm) stands at $2.97. The company has a PEG of 2.47 and a Quick Ratio of 0.45. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.95% over the week and 2.11% over the month.
Earnings per share for the fiscal year are expected to increase by 5.14%, and 8.04% over the next financial year. EPS should grow at an annualized rate of 5.10% over the next five years, compared to 0.02% over the past 5-year period.
Looking at the support for the HPQ, a number of firms have released research notes about the stock. TD Cowen stated their Hold rating for the stock in a research note on May 30, 2024, with the firm’s price target at $30-$32. Barclays coverage for the HP Inc (HPQ) stock in a research note released on May 21, 2024 offered a Equal Weight rating with a price target of $30. HSBC Securities was of a view on February 14, 2024 that the stock is Buy, while Morgan Stanley gave the stock Overweight rating on December 12, 2023, issuing a price target of $31- $35. Evercore ISI on their part issued Outperform rating on December 11, 2023.
