HP Inc. (HPQ) is priced at $33.67 after the most exact trading session. At the very opening of the session, the stock price was $33.05 and reached a high price of $33.83, prior to closing the session it reached the value of $33.39. The stock touched a low price of $33.01.Recently in News on August 1, 2022, HP Announces Extension of the Expiration Date for Exchange Offer for Plantronics Notes. HP Inc. (NYSE: HPQ) (“HP” or the “Company”) announced today that it has extended the expiration date of the previously announced offer to exchange (the “Exchange Offer”) any and all outstanding notes (the “Poly Notes”) of Plantronics, Inc. (NYSE: POLY) (“Poly”) for up to $500,000,000 aggregate principal amount of new notes to be issued by the Company (the “HP Notes”). HP hereby extends such expiration date from 11:59 p.m., New York City time, on August 1, 2022, to 5:00 p.m., New York City time, on August 15, 2022 (as the same may be further extended, the “Expiration Date”). You can read further details here
HP Inc. had a pretty favorable run when it comes to the market performance. The 1-year high price for the company’s stock is recorded $41.47 on 04/07/22, with the lowest value was $30.01 for the same time period, recorded on 07/05/22.
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Price records that include history of low and high prices in the period of 52 weeks can tell a lot about the stock’s existing status and the future performance. Presently, HP Inc. shares are logging -18.81% during the 52-week period from high price, and 28.95% higher than the lowest price point for the same timeframe. The stock’s price range for the 52-week period managed to maintain the performance between $26.11 and $41.47.
The company’s shares, operating in the sector of Technology managed to top a trading volume set approximately around 6375510 for the day, which was evidently lower, when compared to the average daily volumes of the shares.
When it comes to the year-to-date metrics, the HP Inc. (HPQ) recorded performance in the market was -10.62%, having the revenues showcasing -8.08% on a quarterly basis in comparison with the same period year before. At the time of this writing, the total market value of the company is set at 34.02B, as it employees total of 51000 workers.
According to the data provided on Barchart.com, the moving average of the company in the 100-day period was set at 35.81, with a change in the price was noted -1.96. In a similar fashion, HP Inc. posted a movement of -5.50% for the period of last 100 days, recording 13,012,564 in trading volumes.
Raw Stochastic average of HP Inc. in the period of last 50 days is set at 33.95%. The result represents downgrade in oppose to Raw Stochastic average for the period of the last 20 days, recording 95.81%. In the last 20 days, the company’s Stochastic %K was 90.55% and its Stochastic %D was recorded 75.80%.
Bearing in mind the latest performance of HP Inc., several moving trends are noted. Year-to-date Price performance of the company’s stock appears to be encouraging, given the fact the metric is recording -10.62%. Additionally, trading for the stock in the period of the last six months notably deteriorated by -7.25%, alongside a boost of 16.63% for the period of the last 12 months. The shares increased approximately by 3.28% in the 7-day charts and went up by 2.72% in the period of the last 30 days. Common stock shares were lifted by -8.08% during last recorded quarter.
In the latest trading session, HP (HPQ) closed at $31.95, marking a -1.99% move from the previous day. This move lagged the S&P 500's daily loss of 1.15%. Meanwhile, the Dow lost 0.71%, and the Nasdaq, a tech-heavy index, lost 0.13%.
Coming into today, shares of the personal computer and printer maker had lost 7.81% in the past month. In that same time, the Computer and Technology sector lost 1.37%, while the S&P 500 gained 1.44%.
Wall Street will be looking for positivity from HP as it approaches its next earnings report date. In that report, analysts expect HP to post earnings of $1.05 per share. This would mark year-over-year growth of 5%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $15.8 billion, up 3.34% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $4.30 per share and revenue of $65.97 billion, which would represent changes of +13.46% and +3.92%, respectively, from the prior year.
It is also important to note the exact changes to analyst estimates for HP. exact revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.12% lower. HP is holding a Zacks Rank of #3 (Hold) right now.
Investors should also note HP's current valuation metrics, including its Forward P/E ratio of 7.57. For comparison, its industry has an average Forward P/E of 7.57, which means HP is trading at a no noticeable deviation to the group.
Meanwhile, HPQ's PEG ratio is currently 1.89. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. HPQ's industry had an average PEG ratio of 1.94 as of yesterday's close.
The Computer - Mini computers industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 51, which puts it in the top 21% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
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