HP Inc (NYSE:HPQ) does about 8.17M shares in volume on a normal day but saw 12376858 shares change hands in Monday trading. The company now has a market cap of 34.56B USD. Its current market price is $35.32, marking a decrease of -3.23% compared to the previous close of $36.50. The 52 week high reached by this stock is $39.52 whilst the lowest price level in 52 weeks is $25.22.
HP Inc (HPQ) has a 20-day trading average at $31.95 and the current price is -10.63% off the 52-week high compared with 40.05% distance from its 52-week low. The 50-day simple moving average of the closing price is $30.05 and its 200-day simple moving average is $29.03. If we look at the stock’s price movements over the week, volatility stands at 6.56%, which decreases to 2.94% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 65.74 to suggest the stock is neutral.
The consensus objective for the share price is $34.96, suggesting that the stock has a potential downside of -1.03% over the period.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on May 30, 2024 when TD Cowen reiterated the stock to “Hold” and issued a price target of between $30 and $32. Barclays upgraded the stock to “Equal Weight” from Underweight on May 21, 2024 at a price target of $24-$30. HSBC Securities upgraded its price target at $30-$33.
HP Inc (HPQ) stock is up 7.85% over the week and 26.41% over the past month. Its price is 17.38% year-to-date and 20.05% over the past year.
To reach the target analysts have set, the stock logically needs to shrink -1.03 percent from here.
The company has a return on investment of 32.34%. The price to earnings ratio (P/E ratio) amounts to 11.90 while the forward price to earnings ratio is 9.49. The beta has a value of 1.13. Price to sales ratio is 0.65.
