HP Inc (NYSE: HPQ) is 15.52% higher on its value in year-to-date trading and has touched a low of $25.56 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 $35.87 in the last trading session, with the day’s loss setting it -1.11%.
Currently trading at $34.76, the stock is 0.20% and -0.59% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 10.36 million and changing -3.09% at the moment leaves the stock 8.41% off its SMA200. HPQ registered 35.25% gain for a year compared to 6-month gain of 17.59%. The firm has a 50-day simple moving average (SMA 50) of $34.9008 and a 200-day simple moving average (SMA200) of $32.08765.
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The stock witnessed a -3.92% loss in the last 1 month and extending the period to 3 months gives it a -0.11%, and is -3.01% 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 2.18% over the week and 2.03% over the month.
HP Inc (HPQ) has around 58000 employees, a market worth around $33.50B and $52.96B in sales. Current P/E ratio is 12.19 and Fwd P/E is 9.61. Profit margin for the company is 5.37%. Distance from 52-week low is 35.99% and -12.04% from its 52-week high. The company has generated returns on investments over the last 12 months (37.48%).
The EPS is expected to grow by 3.07% this year.
HP Inc (HPQ) Top Institutional Holders
1583.0 institutions hold shares in HP Inc (HPQ), with institutional investors hold 81.05% of the company’s shares. The shares outstanding are 989.00M, and float is at 961.57M with Short Float at 3.20%. Institutions hold 80.89% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 120.62 million shares valued at $4.22 billion. The investor’s holdings represent 12.2582% of the HPQ Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 104.65 million shares valued at $3.66 billion to account for 10.6348 of the shares outstanding. The other top investors are STATE STREET CORP which holds 47.88 million shares representing 4.8657% and valued at over $1.69 billion, while DODGE & COX holds 3.5669 of the shares totaling 35.1 million with a market value of $1.23 billion.
HP Inc (HPQ) Insider Activity
The most recent transaction is an insider sale by LORES ENRIQUE, the company’s President and CEO. SEC filings show that LORES ENRIQUE sold 211,501 shares of the company’s common stock on Sep 12 ’24 at a price of $33.16 per share for a total of $7.01 million. Following the sale, the insider now owns 3.0 shares.
Still, SEC filings show that on Jun 21 ’24, CHO ALEX (President, Personal Systems) disposed off 173,137 shares at an average price of $36.11 for $6.25 million. The insider now directly holds 64,676 shares of HP Inc (HPQ).
