HP Inc. (NYSE:HPQ) has a beta of 1.03, a 12-month trailing P/E ratio of 8.68, and a growth ratio of 1.15. The stock’s Relative Strength Index (RSI) is 58.81, with weekly volatility at 4.72% and ATR at 0.78. The HPQ stock’s 52-week price range has touched low of $12.54 and a $23.93 high. Its shares traded lower over the last trading session, losing -2.07% on 05/21/20. The shares fell to a low of $16.89 before closing at $16.83. Intraday shares traded counted 3.12 million, which was 79.67% higher than its 30-day average trading volume of 15.33M. HPQ’s previous close was $17.18 while the outstanding shares total 1.45B.
Investors have identified the Computer Hardware company HP Inc. as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $24.98 billion, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
HP Inc. (HPQ) Fundamentals that are to be considered.
When analyzing a stock, the first fundamental thing to take into account is the balance sheet. How healthy the balance sheet of a company is will determine if the company will be able to carry out all its financial and non-financial obligations and also keep the faith of its investors. In terms of their assets, the company currently has 17477000000 million total, with 23867000000 million as their total liabilities.
HPQ were able to record 1.09 billion as free cash flow during the third quarter of the year, this saw their quarterly net cash flow reduce by -332.0 million. In cash movements, the company had a total of 1.28 billion as operating cash flow.
Potential earnings growth for HP Inc. (HPQ)
In order to determine the future investment potential for this stock, we will have to analyze key trends that affect it. During the third quarter of the year, HP Inc. recorded a total of 14.62 billion in revenue. This figure implies that they witnessed a quarterly year/year change in their earnings with -0.63% coming in sequential stages and their sales for the third quarter reducing by -5.4%.
What matters though is how it ends. When the core data for the company is broken down, then the stock sounds interesting. The company spent 11.75 billion trying to sell their products during the last quarter, with the result yielding a gross income of 2.87 billion. This allows shareholders to hold on to 1.45B with the revenue now reading 0.47 cents per share. This is a figure that is close to analyst’s prediction for their fourth quarter (0.54 cents a share).
Having a look at the company’s valuation, the company is expected to record 2.24 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on HPQ sounds very interesting.
Is the stock of HPQ attractive?
In related news, Chief HR Officer, KEOGH TRACY S sold 121,763 shares of the company’s stock in a transaction that recorded on Feb 25. The sale was performed at an average price of 23.00, for a total value of 2,800,549. As the sale deal closes, the Chief Commercial Officer, Schell Christoph now sold 42,804 shares of the company’s stock, valued at 855,652. Also, President, Personal Systems, CHO ALEX sold 22,018 shares of the company’s stock in a deal that was recorded on Dec 10. The shares were price at an average price of 19.99 per share, with a total market value of 440,140. Following this completion of acquisition, the Chief Commercial Officer, Schell Christoph now holds 60,121 shares of the company’s stock, valued at 1,212,641. In the last 6 months, insiders have changed their ownership in shares of company stock by 0.10%.
5 out of 16 analysts covering the stock have rated it a Buy, while 8 have maintained a Hold recommendation on HP Inc.. 1 analysts has assigned a Sell rating on the HPQ stock. The 12-month mean consensus price target for the company’s shares has been set at $19.12.