HP Inc (NYSE:HPQ) shares, rose in value on Wednesday, May 07, with the stock price up by 0.86% to the previous day’s close as strong demand from buyers drove the stock to $25.85.
Actively observing the price movement in the last trading, the stock closed the session at $25.63. The PE ratio was 9.29 over 12-month period. Referring to stock’s 52-week performance, its high was $39.79, and the low was $21.21. On the whole, HPQ has fluctuated by 10.56% over the past month.
With the market capitalization of HP Inc currently standing at about $24.37 billion, investors are eagerly awaiting this quarter’s results, scheduled for in June. The company’s Forward Dividend Ratio is 1.13, with its dividend yield at 4.37%.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that HPQ’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium-term indicators have put the stock in the category of 100% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the PEG ratio is about 2.08, with the price of HPQ currently trading nearly 4.65% and -3.99% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 51.64, while the 7-day volatility ratio is showing 1.70% which for the 30-day chart, stands at 3.86%. Furthermore, HP Inc (HPQ)’s beta value is 1.36, and its average true range (ATR) is 0.86.
A comparison of HP Inc (HPQ) with its peers suggests the former has fared considerably weaker in the market. HPQ showed an intraday change of 0.86% in last session, and over the past year, it shrunk by -8.27%%.
Data on historical trading for HP Inc (NYSE:HPQ) indicates that the trading volumes over the past 3 months, they’ve averaged 8.67 million. According to company’s latest data on outstanding shares, there are 944.66 million shares outstanding.
Nearly 0.26% of HP Inc’s shares belong to company insiders and institutional investors own 81.15% of the company’s shares. The stock has fallen by -20.78% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the HPQ stock heading into the next quarter.
