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Why HP Inc (HPQ) Stock Could See Much Higher Prices Ahead

HP Inc (NYSE: HPQ) is 17.71% higher on its value in year-to-date trading and has touched a low of $25.22 and a high of $39.52 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 $35.32 in the last trading session, with the day’s gains setting it 0.1%.

Currently trading at $35.42, the stock is -0.85% and 6.88% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 5.15 million and changing 0.28% at the moment leaves the stock 19.20% off its SMA200. HPQ registered 13.78% gain for a year compared to 6-month gain of 18.26%.

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The stock witnessed a -2.10% loss in the last 1 month and extending the period to 3 months gives it a 20.85%, and is 1.29% up 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 1.61% over the week and 2.09% over the month.

HP Inc (HPQ) has around 58000 employees, a market worth around $34.66B and $52.79B in sales. Current P/E ratio is 11.93 and Fwd P/E is 9.51. Profit margin for the company is 5.62%. Distance from 52-week low is 40.44% and -10.37% from its 52-week high. The company has generated returns on investments over the last 12 months (32.34%).

The EPS is expected to grow by 5.14% this year.

HP Inc (HPQ) Top Institutional Holders

The shares outstanding are 989.00M, and float is at 976.43M with Short Float at 2.28%.

HP Inc (HPQ) Insider Activity

The most recent transaction is an insider sale by CHO ALEX,the company’sPresident, Personal Systems. SEC filings show that CHO ALEX sold 173,137 shares of the company’s common stock on Jun 21 ’24 at a price of $36.11 per share for a total of $6.25 million. Following the sale, the insider now owns 64676.0 shares.

HP Inc disclosed in a document filed with the SEC on Mar 21 ’24 that BENNETT ROBERT R (Director) sold a total of 67,000 shares of the company’s common stock. The trade occurred on Mar 21 ’24 and was made at $30.01 per share for $2.01 million. Following the transaction, the insider now directly holds 60216.0 shares of the HPQ stock.

Still, SEC filings show that on Mar 08 ’24, Liebman Stephanie (Global Controller) disposed off 8,708 shares at an average price of $30.93 for $0.27 million. The insider now directly holds 0 shares of HP Inc (HPQ).

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