With 9.77 million shares changed hands, the volume of the stock remained heavier than its average volume of 8.88 million shares. During the session, the Computer Hardware company that operates in wider Technology sector, reached to the highest price of $30.92 whereas the lowest price it dropped to was $30.35. The 52-week range on HPQ shows that it touched its highest point at $33.90 and its lowest point at $25.22 during that stretch. It currently has a 1-year price target of $31.68. With its current market cap of 29.95 billion, HPQ has annualized dividend of $1.08 while the current yield stands at 3.52%. Beta for the stock currently stands at 1.06.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of HPQ was up-trending over the past week, with a rise of 0.16%, but this was up by 8.78% over a month. Three-month performance surged to 1.26% while six-month performance rose 8.05%. The stock gained 10.07% in the past year, while it has gained 1.73% so far this year. A look at the trailing 12-month EPS for HPQ yields 3.42 with Next year EPS estimates of 3.68. For the next quarter, that number is 0.81. This implies an EPS growth rate of 4.24% for this year and 7.65% for next year. EPS is expected to grow by 7.73% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 0.02%.
Float and Shares Shorts:
At present, 989.00 million HPQ shares are outstanding with a float of 976.26 million shares on hand for trading. On Feb 29, 2024, short shares totaled 14.83 million, which was 1.52% higher than short shares on Jan 31, 2024. In addition to HPE as the firm’s Hewlett Packard Enterprise Comp, HPQ serves as its HP Inc.
Institutional Ownership:
Through their ownership of 77.16% of HPQ’s outstanding shares, institutional investors have majority control over the company.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for HPQ since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential.
