Hewlett Packard Enterprise Co (NYSE:HPE) shares, rose in value, with the stock price up by 0.33% to the previous day’s close as strong demand from buyers drove the stock to $18.00.
Actively observing the price movement in the last trading, the stock closed the session at $17.94. The value of beta (5-year monthly) was 1.20 whereas the PE ratio was 12.40 over 12-month period. Referring to stock’s 52-week performance, its high was $20.07, and the low was $13.65. On the whole, HPE has fluctuated by -4.10% over the past month.
With the market capitalization of Hewlett Packard Enterprise Co currently standing at about $23.40 billion, investors are eagerly awaiting this quarter’s results, scheduled for May 28, 2024 – Jun 03, 2024. The company’s Forward Dividend Ratio is 0.50, with its dividend yield at 2.78%. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be $0.39, which is expected to increase to $0.52 for fiscal year $1.88 and then to about $2.04 by fiscal year 2025. Data indicates that the EPS growth is expected to be -12.60% in 2025, while the next year’s EPS growth is forecast to be 8.50%.
Analysts have estimated the company’s revenue for the quarter at $6.83 billion, with a low estimate of $6.72 billion and a high estimate of $7 billion. Wall Street analysts also predicted that in 2025, the company’s y-o-y revenues would reach $29.16 billion, representing an increase of 0.10% from the revenues reported in the last year’s results.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that HPE’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium term indicators have put the stock in the category of Hold while long term indicators on average have been pointing out that it is a 50% Buy.
The stock’s technical analysis shows that the PEG ratio is about 4.59, with the price of HPE currently trading nearly 2.26% and 9.76% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 60.93, while the 7-day volatility ratio is showing 3.03% which for the 30-day chart, stands at 3.00%. Furthermore, Hewlett Packard Enterprise Co (HPE)’s beta value is 1.21, and its average true range (ATR) is 0.55.
A comparison of Hewlett Packard Enterprise Co (HPE) with its peers suggests the former has fared considerably weaker in the market. HPE showed an intraday change of 0.33% in last session, and over the past year, it grew by 11.73%%.
Data on historical trading for Hewlett Packard Enterprise Co (NYSE:HPE) indicates that the trading volumes over the past 10 days have averaged 13.51 million and over the past 3 months, they’ve averaged 15.91 million. According to company’s latest data on outstanding shares, there are 1.30 billion shares outstanding.
Nearly 0.40% of Hewlett Packard Enterprise Co’s shares belong to company insiders and institutional investors own 83.43% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 23.74 million shares as on Mar 15, 2024, resulting in a short ratio of 1.07. According to the data, the short interest in Hewlett Packard Enterprise Co (HPE) stood at 1.83% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 30.62 million. The stock has risen by 6.01% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the HPE stock heading into the next quarter.
