HP Inc (HPQ) concluded trading on Tuesday at a closing price of $33.44, with 2.13 million shares of worth about $71.16 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -5.41% during that period and on December 24, 2024 the price saw a gain of about 0.63%. Currently the company’s common shares owned by public are about 939.00M shares, out of which, 935.47M shares are available for trading.
Stock saw a price change of -1.92% in past 5 days and over the past one month there was a price change of -12.96%. Year-to-date (YTD), HPQ shares are showing a performance of 10.30% which increased to 9.97% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $27.42 but also hit the highest price of $39.79 during that period. The average intraday trading volume for HP Inc shares is 7.43 million. The stock is currently trading -4.32% below its 20-day simple moving average (SMA20), while that difference is down -7.50% for SMA50 and it goes to -1.86% lower than SMA200.
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HP Inc (NYSE: HPQ) currently have 939.00M outstanding shares and institutions hold larger chunk of about 84.24% of that.
The stock has a current market capitalization of $31.56B and its 3Y-monthly beta is at 1.06. PE ratio of stock for trailing 12 months is 11.89, while it has posted earnings per share of $2.81 in the same period. Its PEG reads 4.58 and has Quick Ratio of 0.45. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for HPQ, volatility over the week remained 2.75% while standing at 3.17% over the month.
Stock’s fiscal year EPS is expected to rise by 5.42% while it is estimated to increase by 6.08% in next year. EPS is likely to shrink at an annualized rate of 2.60% for next 5-years, compared to annual growth of 6.29% made by the stock over the past 5-years.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by HSBC Securities on November 29, 2024 offering a Hold rating for the stock and assigned a target price range of between $39 and $38 to it. Coverage by TD Cowen stated HP Inc (HPQ) stock as a Hold in their note to investors on November 27, 2024, suggesting a price target of $39 for the stock. On October 01, 2024, Citigroup Downgrade their recommendations, while on September 27, 2024, BofA Securities Downgrade their ratings for the stock with a price target of $37. Stock get an Overweight rating from JP Morgan on August 23, 2024.
