With 6.7 million shares changed hands, the volume of the stock remained lighter than its average volume of 8.43 million shares. 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 29.43 billion, HPQ has annualized dividend of $1.08 while the current yield stands at 3.58%. 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 down-trending over the past week, with a drop of -1.73%, but this was up by 5.80% over a month. Three-month performance dropped to -0.66% while six-month performance rose 11.16%. The stock gained 5.14% in the past year, while it has lost -0.03% 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 3.00% 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 976.27 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 77.19% 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.