Hewlett Packard Enterprise Company (NYSE:HPE) price on Thursday, August 26, rose 0.07% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $15.12.
A look at the stock’s price movement, the close in the last trading session was $15.11, moving within a range at $15.105 and $15.542. The beta value (5-Year monthly) was 1.24 while the PE ratio in trailing twelve months stood at 30.73. Turning to its 52-week performance, $16.74 and $8.28 were the 52-week high and 52-week low respectively. Overall, HPE moved 4.56% over the past month.
Hewlett Packard Enterprise Company’s market cap currently stands at around $19.47 billion, with investors looking forward to this quarter’s earnings report slated for Aug 23, 2021 – Aug 27, 2021. The company has a Forward Dividend ratio of 0.48, with its dividend yield at 3.17%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report. Analysts project the company’s earnings per share (EPS) to be $0.42, which has seen fiscal year 2021 EPS growth forecast to increase to $1.89 and about $1.95 for fiscal year 2022. Per the data, EPS growth is expected to be 40.00% for 2021 and 3.20% for the next financial year.
Analysts have a consensus estimate of $6.91 billion for the company’s revenue for the quarter, with a low and high estimate of $6.83 billion and $7.01 billion respectively. Wall Street analysts have also projected the company’s year-on-year revenue for 2021 to grow to $27.79 billion, representing a 3.00% jump on that reported in the last financial year.
Revisions could be used as tool to get short term price movement insight, and for the company that in the past seven days was no upward and no downward review(s). Turning to the stock’s technical picture we see that short term indicators suggest on average that HPE is a 50% Buy. On the other hand, the stock is on average a Hold as suggested by medium term indicators while long term indicators are putting the stock in 50% Buy category.
24 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 12 analyst(s) rate the stock as a Hold, 8 recommend HPE as a Buy and 2 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 2 say it is a Sell. As such, the average rating for the stock is Overweight which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
The technical evaluation for the stock shows the PEG ratio is 2.65, with HPE’s current price about 2.24% and 3.87% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 58.51, while 7-day volatility ratio is 2.18% and 2.06% in the 30-day chart. Further, Hewlett Packard Enterprise Company (HPE) has a beta value of 1.22, and an average true range (ATR) of 0.33. Analysts have given the company’s stock an average 52-week price target of $17.41, forecast between a low of $13.00 and high of $20.00. Looking at the price targets, the low is 14.02% off current price level while to achieve the yearly target high, price needs to move -32.28%. Nonetheless, investors will most likely welcome a -19.05% jump to $18.00 which is the analysts’ median price.
In the market, a comparison of Hewlett Packard Enterprise Company (HPE) and its peers suggest the former has performed considerably stronger. Data shows HPE’s intraday price has changed 0.07% in last session and 56.36% over the past year. Comparatively, Apple Inc. (AAPL) has moved -0.55% on the day and only 16.61% in the past 12 months. Looking at another peer, we see that Microsoft Corporation (MSFT) price has dipped -0.97% on the day. However, the stock is 35.24% off its price a year ago. Moreover, Cisco Systems Inc. (CSCO) is also down -0.25% in trading on the day while keeping a an uptrend of 40.12% over the past year. If we look at the PE ratio, we find that Hewlett Packard Enterprise Company’s ratio stands at 30.73 compared to Apple Inc.’s 28.90 and Microsoft Corporation’s 37.13. Elsewhere, the overall performance for the S&P 500 and Dow Jones Industrial shows that the indexes are down -0.58% and -0.54% respectively in the last trading.
If we refocus on Hewlett Packard Enterprise Company (NYSE:HPE), historical trading data shows that trading volumes averaged 6.18 million over the past 10 days and 8.44 million over the past 3 months. The company’s latest data on shares outstanding shows there are 1.31 billion shares.
The 0.10% of Hewlett Packard Enterprise Company’s shares are in the hands of company insiders while institutional holders own 84.50% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 26.05 million on Jun 14, 2021, giving us a short ratio of 2.81. The data shows that as of Jun 14, 2021 short interest in Hewlett Packard Enterprise Company (HPE) stood at 1.99% of shares outstanding, with shares short rising to 24.38 million registered in May 13, 2021. Current price change has pushed the stock 27.59% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the HPE stock continues to rise going into the next quarter.