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HP Inc (HPQ) down -1.76% since start of the year

HP Inc (NYSE: HPQ) is -1.76% lower on its value in year-to-date trading and has touched a low of $25.22 and a high of $33.90 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The HPQ stock was last observed hovering at around $30.38 in the last trading session, with the day’s loss setting it -0.82%.

Currently trading at $29.56, the stock is -1.96% and 0.64% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 6.13 million and changing -2.70% at the moment leaves the stock 0.44% off its SMA200. HPQ registered 2.28% gain for a year compared to 6-month gain of 15.02%. The firm has a 50-day simple moving average (SMA 50) of $0.71 and a 200-day simple moving average (SMA200) of $8.29.

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The stock witnessed a 0.51% loss in the last 1 month and extending the period to 3 months gives it a -1.76%, and is -1.07% 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 1.43% over the week and 1.84% over the month.

HP Inc (HPQ) has around 58000 employees, a market worth around $28.92B and $53.05B in sales. Current P/E ratio is 8.63 and Fwd P/E is 8.03. Profit margin for the company is 6.46%. Distance from 52-week low is 17.21% and -12.80% from its 52-week high. The company has generated returns on investments over the last 12 months (40.44%).

HP Inc quarterly earnings per share for the current quarter are estimated at $0.81 with sales reaching $12.59B over the same period.The EPS is expected to grow by 4.24% this year, but quarterly earnings will post -0.00% year-over-year.

HP Inc (HPQ) Top Institutional Holders

1,506 institutions hold shares in HP Inc (HPQ), with institutional investors hold 79.23% of the company’s shares. The shares outstanding are 989.00M, and float is at 976.39M with Short Float at 1.77%. Institutions hold 77.24% of the Float.

The top institutional shareholder in the company is Berkshire Hathaway, Inc with over 120.95 million shares valued at $3.71 billion. The investor’s holdings represent 12.24% of the HPQ Shares outstanding. As of Jun 29, 2023, the second largest holder is Vanguard Group Inc with 104.63 million shares valued at $3.21 billion to account for 10.59% of the shares outstanding. The other top investors are Blackrock Inc. which holds 88.05 million shares representing 8.91% and valued at over $2.7 billion, while State Street Corporation holds 4.50% of the shares totaling 44.43 million with a market value of $1.36 billion.

HP Inc (HPQ) Insider Activity

The most recent transaction is an insider sale by BENNETT ROBERT R,the company’sDirector. SEC filings show that BENNETT ROBERT R sold 67,000 shares of the company’s common stock on Mar 21 ’24 at a price of $30.01 per share for a total of $2.01 million. Following the sale, the insider now owns 60216.0 shares.

HP Inc disclosed in a document filed with the SEC on Mar 08 ’24 that Liebman Stephanie (Global Controller) sold a total of 8,708 shares of the company’s common stock. The trade occurred on Mar 08 ’24 and was made at $30.93 per share for $0.27 million. Following the transaction, the insider now directly holds 0.0 shares of the HPQ stock.

Still, SEC filings show that on Mar 05 ’24, McQuarrie David P. (Chief Commercial Officer) disposed off 51,111 shares at an average price of $29.19 for $1.49 million. The insider now directly holds 5,449 shares of HP Inc (HPQ).

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