HP Inc (NYSE:HPQ) price is hovering higher on Wednesday, April 17, jumping 0.22% above its previous close.
A look at today’s price movement shows that the recent level at last check reads $27.79. The company’s P/E ratio in the trailing 12-month period read 8.14. Taking into account the 52-week price action we note that the stock hit a 52-week high of $33.90 and 52-week low of $25.22. The stock subtracted -6.97% on its value in the past month.
HP Inc, which has a market valuation of $27.25 billion. The company stock has a Forward Dividend ratio of 1.08, while the dividend yield is 3.86%. It is understandable that investor optimism is growing ahead of the company’s current quarter results.
Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with no upward and no downward reviews. On the technical perspective front, indicators give HPQ a short term outlook of Hold on average. Looking at the stock’s medium term indicators we note that it is averaging as a 50% Sell, while an average of long term indicators are currently assigning the stock as 50% Sell.
If we dive deeper into the stock’s performance we see the positive picture represented by the PEG ratio, currently standing at 2.71. The overview shows that HPQ’s price is at present -5.58% off the SMA20 and -5.03% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 34.59, with weekly volatility standing at 2.71%. The indicator jumps to 1.93% when calculated based on the past 30 days. HP Inc (NYSE:HPQ)’s beta value is holding at 1.07, while the average true range (ATR) indicator is currently reading 0.62.
An analysis of the HP Inc (NYSE:HPQ) stock in terms of its daily trading volume indicates that the 3-month average is 8.13 million.
Current records show that the company has 989.00M in outstanding shares. The insiders’ percentage holdings are 0.22% of outstanding shares while the percentage share held by institutions stands at 79.52%. But the -7.44% downside, the stock’s price has registered year-to-date as of today’s value, will likely reignite investor interest given the prospect of it rallying even higher.
