HP Inc. (NYSE: HPQ) is 3.87% higher on its value in year-to-date trading and has touched a low of $24.08 and a high of $41.47 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The HPQ stock was last observed hovering at around $26.96 in the last trading session, with the day’s gains setting it 0.95% off its average median price target of $30.00 for the next 12 months. It is also 15.42% off the consensus price target high of $33.00 offered by 18 analysts, but current levels are -16.29% lower than the price target low of $24.00 for the same period.
Currently trading at $27.91, the stock is 1.70% and -1.58% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 6.69 million and changing 3.52% at the moment leaves the stock -11.18% off its SMA200. HPQ registered -23.74% loss for a year compared to 6-month loss of -16.59%.
The stock witnessed a 5.08% gain in the last 1 month and extending the period to 3 months gives it a 9.49%, and is -2.24% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.55% over the week and 2.30% over the month.
HP Inc. (HPQ) has around 58000 employees, a market worth around $26.48B and $62.98B in sales. Current P/E ratio is 9.26 and Fwd P/E is 7.60. Profit margin for the company is 5.10%. Distance from 52-week low is 15.93% and -32.70% from its 52-week high. The company has generated returns on investments over the last 12 months (42.50%).
HP Inc. (HPQ) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for HP Inc. (HPQ) is a “Hold”. 18 analysts offering their recommendations for the stock, where 13 rate it as a Hold and 0 think it is a “Overweight”. 1 of the analysts rate the stock as a “Buy”. 3 analysts have rated the stock as a Sell or Underperform.
HP Inc. is expected to release its quarterly report on 02/23/2023.The EPS is expected to shrink by -42.80% this year.
HP Inc. (HPQ) Top Institutional Holders
The shares outstanding are 996.00M, and float is at 970.20M with Short Float at 3.11%.
HP Inc. (HPQ) Insider Activity
A total of 33 insider transactions have happened at HP Inc. (HPQ) in the last six months, with sales accounting for 22 and purchases happening 11 times. The most recent transaction is an insider sale by LORES ENRIQUE,the company’sPresident and CEO. SEC filings show that LORES ENRIQUE sold 34,000 shares of the company’s common stock on Jan 03 at a price of $27.13 per share for a total of $0.92 million. Following the sale, the insider now owns 0.8 million shares.
HP Inc. disclosed in a document filed with the SEC on Jan 03 that MYERS MARIE (Chief Financial Officer) sold a total of 7,380 shares of the company’s common stock. The trade occurred on Jan 03 and was made at $27.00 per share for $0.2 million. Following the transaction, the insider now directly holds 27316.0 shares of the HPQ stock.
Still, SEC filings show that on Dec 28, McQuarrie David P. (Chief Commercial Officer) disposed off 20,609 shares at an average price of $26.64 for $0.55 million. The insider now directly holds 4,551 shares of HP Inc. (HPQ).
HP Inc. (HPQ): Who are the competitors?
The company’s main competitors (and peers) include Apple Inc. (AAPL) that is trading -17.06% down over the past 12 months and Dell Technologies Inc. (DELL) that is -30.54% lower over the same period.