HP Inc (HPQ) concluded trading on Tuesday at a closing price of $32.63, with 4.13 million shares of worth about $134.62 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -6.24% during that period and on December 31, 2024 the price remained unchanged. Currently the company’s common shares owned by public are about 939.00M shares, out of which, 935.46M shares are available for trading.
Stock saw a price change of -1.81% in past 5 days and over the past one month there was a price change of -7.90%. Year-to-date (YTD), HPQ shares are showing a performance of 8.44% which increased to 8.44% 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 7.17 million. The stock is currently trading -4.81% below its 20-day simple moving average (SMA20), while that difference is down -8.89% for SMA50 and it goes to -4.38% lower than SMA200.
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 $30.60B and its 3Y-monthly beta is at 1.06. PE ratio of stock for trailing 12 months is 11.60, while it has posted earnings per share of $2.81 in the same period. Its PEG reads 4.47 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 1.37% while standing at 2.39% over the month.
Analysts are in expectations that HP Inc (HPQ) stock would likely to be making an EPS of 0.74 in the current quarter, while forecast for next quarter EPS is 0.85 and it is 3.75 for next year. For the current quarter EPS, analysts have given the company a lowest target 0.73 which is 0.75 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of 0.81 in the same quarter a year ago. 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.
