HP Inc. (NYSE:HPQ) has a beta of 1.03, a 12-month trailing P/E ratio of 10.84, and a growth ratio of 0.64. The stock’s Relative Strength Index (RSI) is 41.17, with weekly volatility at 2.02% and ATR at 0.91. The HPQ stock’s 52-week price range has touched low of $15.55 and a $36.00 high. Its shares traded lower over the last trading session, losing -0.26% on 06/07/21. The shares fell to a low of $30.22 before closing at $30.55. Intraday shares traded counted 9.07 million, which was 12.72% higher than its 30-day average trading volume of 10.39M. HPQ’s previous close was $30.63 while the outstanding shares total 1.28B.
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 $37.21 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 20.09 billion total, with 28.03 billion as their total liabilities.
HPQ were able to record 2.22 billion as free cash flow during the 08/26/2021 quarter of the year, this saw their quarterly net cash flow reduce by -1.44 billion. In cash movements, the company had a total of 2.47 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 08/26/2021 quarter of the year, HP Inc. recorded a total of 15.88 billion in revenue. This figure implies that they witnessed a quarterly year/year change in their earnings with 21.47% coming in sequential stages and their sales for the 08/26/2021 quarter increasing by 1.45%.
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 12.44 billion trying to sell their products during the last quarter, with the result yielding a gross income of 3.44 billion. This allows shareholders to hold on to 1.28B with the recently reported earning now reading 1.00 cents per share. This is a figure that compared to analyst’s prediction for their 08/26/2021 (0.93 cents a share).
Having a look at the company’s valuation, the company is expected to record 3.49 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, President, Personal Systems, CHO ALEX sold 56,278 shares of the company’s stock in a transaction that recorded on Mar 01. The sale was performed at an average price of 29.60, for a total value of 1,665,829. As the sale deal closes, the Pres Imaging Prtng & Solutions, Tran Tuan now sold 36,287 shares of the company’s stock, valued at 1,066,909. Also, President of Printing, Tran Tuan sold 19,373 shares of the company’s stock in a deal that was recorded on Dec 31. The shares were price at an average price of 24.67 per share, with a total market value of 477,870. Following this completion of acquisition, the Controller, BRAMLEY CLAIRE now holds 23,374 shares of the company’s stock, valued at 570,375. In the last 6 months, insiders have changed their ownership in shares of company stock by 0.10%.
8 out of 19 analysts covering the stock have rated it a Buy, while 7 have maintained a Hold recommendation on HP Inc.. 2 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 $33.03.