Currently, there are 1.30B common shares owned by the public and among those 1.29B shares have been available to trade.
The company’s stock has a 5-day price change of 12.87% and 36.08% over the past three months. HPE shares are trading 41.05% year to date (YTD), with the 12-month market performance up to 50.82% higher. It has a 12-month low price of $14.47 and touched a high of $22.82 over the same period. HPE has an average intraday trading volume of 15.38 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 10.31%, 14.65%, and 25.62% respectively.
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Institutional ownership of Hewlett Packard Enterprise Co (NYSE: HPE) shares accounts for 85.15% of the company’s 1.30B shares outstanding.
It has a market capitalization of $34.41B and a beta (3y monthly) value of 1.23. The stock’s trailing 12-month PE ratio is 12.57, while the earnings-per-share (ttm) stands at $1.91. The company has a PEG of 4.19 and a Quick Ratio of 0.99 with the debt-to-equity ratio at 0.74. Price movements for the stock have been influenced by the stock’s volatility, which stands at 4.26% over the week and 3.07% over the month.
Earnings per share for the fiscal year are expected to increase by 6.57%, and 8.03% over the next financial year. EPS should shrink at an annualized rate of 3.00% over the next five years, compared to 20.24% over the past 5-year period.
Looking at the support for the HPE, a number of firms have released research notes about the stock. Citigroup stated their Buy rating for the stock in a research note on December 06, 2024, with the firm’s price target at $26. Morgan Stanley coverage for the Hewlett Packard Enterprise Co (HPE) stock in a research note released on December 05, 2024 offered a Overweight rating with a price target of $28. Raymond James was of a view on November 18, 2024 that the stock is Strong Buy, while Deutsche Bank gave the stock Hold rating on October 09, 2024, issuing a price target of $22. Barclays on their part issued Overweight rating on September 25, 2024.
