HP Inc [HPQ] stock prices are up 0.29% to $38.11 at the moment. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The HPQ shares have gain 5.66% over the last week, with a monthly amount glided 7.32%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
HP Inc [NYSE: HPQ] stock has seen the most recent analyst activity on May 30, 2024, when TD Cowen reiterated its Hold rating and also boosted its price target to $32 from $30. Previously, Barclays upgraded its rating to Equal Weight on May 21, 2024, and elevated its price target to $30. On February 14, 2024, upgrade upgraded it’s rating to Buy and revised its price target to $33 on the stock. Morgan Stanley upgraded its rating to a Overweight and increased its price target to $35 on December 12, 2023. Evercore ISI upgraded its rating to a Outperform and raised its price target to $40 on December 11, 2023. Citigroup upgraded its rating to Buy for this stock on November 13, 2023, and upped its price target to $33. In a note dated November 07, 2023, Edward Jones upgraded an Buy rating on this stock.
The stock price of HP Inc [HPQ] has been fluctuating between $25.22 and $39.52 over the past year. Currently, Wall Street analysts expect the stock to reach $34.1 within the next 12 months. HP Inc [NYSE: HPQ] shares were valued at $38.11 at the most recent close of the market. An investor can expect a potential drop of -10.52% based on the average HPQ price forecast.
Analyzing the HPQ fundamentals
The HP Inc [NYSE:HPQ] reported sales of 52.79B for trailing twelve months, representing a drop of -2.00%. Gross Profit Margin for this corporation currently stands at 0.22% with Operating Profit Margin at 0.07%, Pretax Profit Margin comes in at 0.06%, and Net Profit Margin reading is 0.06%. To continue investigating profitability, this company’s Return on Assets is posted at 0.08, Equity is -2.02 and Total Capital is 0.31. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at -10.98.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 37.51 points at the first support level, and at 36.92 for the second support level. However, for the 1st resistance point, the stock is sitting at 38.56, and for the 2nd resistance point, it is at 39.02.
Ratios To Look Out For
It’s worth pointing out that HP Inc [NYSE:HPQ]’s Current Ratio is 0.75. Further, the Quick Ratio stands at 0.45, while the Cash Ratio is 0.1. Considering the valuation of this stock, the price to sales ratio is 0.71 and price to earnings (TTM) ratio is 12.84.
Transactions by insiders
Recent insider trading involved CHO ALEX, President, Personal Systems, that happened on Jun 21 ’24 when 0.17 million shares were sold. Director, BENNETT ROBERT R completed a deal on Mar 21 ’24 to sell 67000.0 shares. Meanwhile, Global Controller Liebman Stephanie sold 8708.0 shares on Mar 08 ’24.
