While HP Inc has underperformed by -4.14%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, HPQ rose by 18.60%, with highs and lows ranging from $39.79 to $27.42, whereas the simple moving average jumped by 3.15% in the last 200 days.
On November 29, 2024, HSBC Securities Downgraded HP Inc (NYSE: HPQ) to Hold. A report published by TD Cowen on November 27, 2024, Reiterated its previous ‘Hold’ rating for HPQ. Citigroup also Downgraded HPQ shares as ‘Neutral’, setting a target price of $37 on the company’s shares in a report dated October 01, 2024. JP Morgan resumed its ‘Overweight’ rating for HPQ, as published in its report on August 23, 2024. Morgan Stanley’s report from August 19, 2024 suggests a price prediction of $37 for HPQ shares, giving the stock a ‘Equal-Weight’ rating. TD Cowen also rated the stock as ‘Hold’.
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Analysis of HP Inc (HPQ)
The current dividend for HPQ investors is set at $1.10 per share, indicating investors will get a return regardless of how the company performs over the next quarter. Further, the quarter-over-quarter increase in sales is 1.74%, showing a positive trend in the upcoming months.
There are several well-rounded types of analysis and research techniques that can be used to gain a clear view of HP Inc’s future performance, with equity being one of the most critical indicators. Taking into account the quick ratio of the company, currently set at 0.45, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
As an indicator of volatility for any stock, average volume can also be very valuable, and HPQ is recording an average volume of 7.76M. On a monthly basis, the volatility of the stock is set at 3.06%, whereas on a weekly basis, it is put at 2.43%, with a loss of -5.03% over the past seven days. Furthermore, long-term investors anticipate a median target price of $36.42, showing growth from the present price of $34.94, which can serve as yet another indication of whether HPQ is worth investing in or should be passed over.
How Do You Analyze HP Inc Shares?
HP Inc (HPQ) is based in the USA and is one of the most prominent companies operating in the Computer Hardware market. When comparing HP Inc shares with other companies under Technology, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 12.43, there is a growth in quarterly earnings of -4.13%.
Apart from looking at the fundamentals, you should also pay attention to the number of company employees who own shares. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 0.24%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 81.95% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
HPQ shares are owned by institutional investors to the tune of 81.95% at present.
