HP Inc (NYSE:HPQ) shares, rose in value on Friday, November 22, with the stock price up by 1.12% to the previous day’s close as strong demand from buyers drove the stock to $38.33.
Actively observing the price movement in the recent trading, the stock is buoying the session at $37.91, falling within a range of $37.88 and $38.5. The value of beta (5-year monthly) is 1.087 whereas the PE ratio is 13.45 over 12-month period. Referring to stock’s 52-week performance, its high was $39.52, and the low was $27.42. On the whole, HPQ has fluctuated by 5.11% over the past month.
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With the market capitalization of HP Inc currently standing at about $36.94 billion, investors are eagerly awaiting this quarter’s results, scheduled for in December. The company’s Forward Dividend Ratio is 1.10, with its dividend yield at 2.88%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 53.52B, with a low estimate of 13.61B and a high estimate of 14.26B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 14B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that HPQ’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium-term indicators have put the stock in the category of 100% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the price of HPQ currently trading nearly 3.81% and 5.43% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 60.96, while the 7-day volatility ratio is showing 2.08% which for the 30-day chart, stands at 2.32%. Furthermore, HP Inc (HPQ)’s beta value is 1.07, and its average true range (ATR) is 0.84.
A comparison of HP Inc (HPQ) with its peers suggests the former has fared considerably weaker in the market. HPQ showed an intraday change of 1.12% in today’s session so far, and over the past year, it grew by 33.76%%.
Data on historical trading for HP Inc (NYSE:HPQ) indicates that the trading volumes over the past 10 days have averaged 6.5 and over the past 3 months, they’ve averaged 7.47 million. According to company’s latest data on outstanding shares, there are 989.00 million shares outstanding.
Nearly 0.24% of HP Inc’s shares belong to company insiders and institutional investors own 81.91% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 44.66 million shares as on 2024-10-31, resulting in a short ratio of 7.43. According to the data, the short interest in HP Inc (HPQ) stood at 529.00 of shares outstanding as of 2024-10-31; the number of short shares registered in 2024-09-30 reached 45.31 million. The stock has risen by 27.40% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the HPQ stock heading into the next quarter.
