Does Hewlett Packard Enterprise Co (HPE) offer a good opportunity for investors?

With 9.67 million shares changed hands, the volume of the stock remained lighter than its average volume of 15.5 million shares. The 52-week range on HPE shows that it touched its highest point at $20.07 and its lowest point at $13.65 during that stretch. It currently has a 1-year price target of $17.32. With its current market cap of 23.32 billion, HPE has annualized dividend of $0.50 while the current yield stands at 2.79%. Beta for the stock currently stands at 1.22.

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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 HPE was up-trending over the past week, with a rise of 3.28%, but this was up by 17.79% over a month. Three-month performance surged to 4.48% while six-month performance rose 1.76%. The stock gained 15.59% in the past year, while it has gained 5.65% so far this year. A look at the trailing 12-month EPS for HPE yields 1.45 with Next year EPS estimates of 2.05. For the next quarter, that number is 0.39. This implies an EPS growth rate of -12.67% for this year and 9.30% for next year. EPS is expected to grow by 2.70% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 4.61%.

Float and Shares Shorts:

At present, 1.30 billion HPE shares are outstanding with a float of 1.29 billion shares on hand for trading. On Mar 15, 2024, short shares totaled 23.74 million, which was 1.83% higher than short shares on Feb 15, 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 83.52% of HPE’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 HPE 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.