Hewlett Packard Enterprise Co (NYSE:HPE) traded at $17.34 at last check on current trade day and made an upward move of 0.03% on its previous day’s price.
Looking at the stock we see that its previous close was $17.34 with the day’s price range being $17.145 – $17.4194. The company has a trailing 12-month PE ratio of 12.64. In terms of its 52-week price range, HPE has a high of $22.82 and a low of $14.47. The company’s stock has lost about -18.07% over that past 30 days.
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Hewlett Packard Enterprise Co has a market cap of $22.54 billion. With its Forward Dividend at 0.51 and a yield of 2.94%, the company’s investors could be anxious for the HPE stock to gain ahead of the earnings release. Estimates by analysts give the company expected earnings per share (EPS) of 0.47, with the EPS growth for the year raised at 1.92 for current year and 1.92 for next year.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at 7.66B, with a low of 7.49B and a high of 7.79B. According to analyst consensus estimates figures, the company’s yearly revenue forecast for current year is expected to hit 29.75B, or 2.10% up from figures reported last year.
Based on estimates by 13 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 8 have rated the Hewlett Packard Enterprise Co (HPE) stock as a Hold, while 5 rate it as a Buy. 0 analyst(s) rate it as overweight while 0 of them rated it as underweight, whereas 0 suggest the stock as a Sell. The stock has an overall rating of Hold and investors could take advantage and scoop up stock of the company.
Looking further, we note that the PEG ratio for the HPE stock currently stands at 3.42, and the most recent price level today is -10.28% off its SMA20 and -13.52% from its 50-day simple moving average. The RSI (14) is pointing at 32.78 while the volatility over the past week is 2.72% and jumps to 2.64% over the past one month. The beta value is 1.23, while the average true range (ATR) is currently pointing at 0.60. The average price target for the stock over the next 12 months is $19, with the estimates having a low of $14 and a high of $26. These price ends are 19.26% and -49.94% off the today’s price level respectively, although investors could be excited at the prospect of a -9.57% if the HPE share price touches on the median price of $19.
Coming back to Hewlett Packard Enterprise Co (NYSE:HPE), we note that the average 3-month trading volume was 16.94 million, while that of the preceding 10-day period stands at 11.65 million. Current shares outstanding are 1.30 billion.
The insiders hold 0.41% of the company’s shares while institutions hold 85.84%. The data shows that short shares as of 2024-07-15, stood at 24.18 million at a short ratio of 1.3. This represents a 212.00 short interest in shares outstanding on 2024-07-15. Shares short rose in July from the previous month at 24.13 million. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock 2.15% up in year-to-date price movement.
