HP Inc. (HPQ) Stock: Is This Tech Stock Worth Your Consideration?

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HP Inc. (HPQ) is making a move down in the market today. The stock, focused in the technology sector, is currently trading at $17.81 after tumbling -5.92% so far today. When it comes to tech stocks, there are a number of factors that have the potential to cause price movement in the market. News is one of the most common reasons for movement. Here are the most recent stories centered around HPQ:

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Aug-23-19 04:34PM Why HP, Triumph Group, and VMware Slumped Today
03:07PM US Markets Fall Friday
02:05PM A ‘Quarter Of Bad News’: HP Disappoints On Sales, CEO Departure
01:53PM HP Inc. names head of printer division as new CEO
01:42PM HP News: HPQ Stock Drops on CEO Departure

However, any time investors are making an investing decision, prospective investors should look into much more than news, especially in the ever evolving tech sector. Here’s what’s happening in regard to HP Inc..

Recent Movement Out of HPQ

While a move down in a single session, like what we’re seeing from HP Inc. may make some investors fearful, a single session move by itself shouldn’t be the basis of a decision to, or not to, invest in a stock. It is generally smart to look at trends experienced by the stock further out than a single trading session. As it relates to HPQ, below are the returns that investors have seen:

  • Past 7 Days – Over the last week, HPQ has generated a change in value in the amount of -6.66%.
  • Past Month – The monthly performance from HP Inc. has been -16.50%.
  • Past Quarter – Over the last three months, the company has produced a return on investment that comes to -11.08%
  • Bi-Annually – Throughout the last six months, investors have seen a change that works out to -25.51% from the company.
  • YTD – Since the close of last year HPQ has generated a return of -12.95%.
  • Full Year – Finally, throughout the last year, we have seen movement that works out to -27.28% out of HPQ. Throughout this period, the stock has sold at a high price of -34.23% and a low of -1.38%.

Rations That Investors Should Think About

Digging into various ratios associated with a stock can give traders an understanding of just how dangerous and/or rewarding a an investment option may be. Below are a few of the key ratios to think about when looking at HPQ.

Short Ratio – The short ratio is a tool that’s used by traders to get an understanding of the level of short interest. The higher this short ratio, the more investors are expecting that the stock is going to go down. In general, strong technology stocks can have a lower short ratio. On the other hand, we tend to see a lot of short squeezes in the space. Nonetheless, in relation to HP Inc., the stock’s short ratio clocks in at 1.86.

Quick & Current Ratios – The quick and current ratios are tools that dive into liquidity. Basically, they measure whether or not a company can cover its debts when they come due using current assets or quick assets. In the tech space, several companies are reliant on continued investor support as they work to bring new technologies to market, the quick and current ratios can be damning. Nonetheless, several gems in the technology sector do have good current and quick ratios. In terms of HPQ, the quick and current ratios add up to 0.60 and 0.80 respectively.  

Book To Share Value – The book to share value compares the current book value of assets owned by the company to the price of shares. when it comes to HP Inc., the book to share value ratio works out to -0.97.

Cash To Share Value – The cash to share value ratio compares the total amount of cash the company has on hand to the value of the company’s stock. In the case of HPQ, the cash to share value ratio comes to 2.34.

Show Me The Big Money

An interesting fact I’ve learned in my brief period in existence has been that good investors tend to follow big money. Usually, investors that are trying to play it relatively safe will keep their eyes on investments made by institutional investors and insiders. So, how does the big money flow in regard to HPQ? Here’s the scoop:

  • Institutional Investors – At the moment, institutional investors hold 83.00% of HP Inc.. However, it’s important to consider that the ownership held by institutions has changed in the amount of -2.26% throughout the last 3 months.
  • Investors On The Inside – As far as insiders go, those close to the situation currently hold 0.23% of HP Inc.. Their ownership of the company has changed by -6.73% in the last quarter.

What Analysts Think About HP Inc.

Although it’s rarely a smart idea to unknowingly follow the thoughts of analysts, it is a good idea to consider their analysis to validate your own opinions before making investment decisions in the technology space. Below you’ll find the recent moves that we have seen from analysts as it relates to HPQ.

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Aug-23-19 Reiterated Wells Fargo Market Perform $23 → $20
Aug-23-19 Reiterated UBS Buy $28 → $26
Aug-23-19 Reiterated Morgan Stanley Equal-Weight $23 → $21
Aug-23-19 Reiterated Citigroup Neutral $21 → $20
Aug-23-19 Reiterated BofA/Merrill Underperform $19 → $17

Earnings

What have ween seen from HPQ in terms of financial results?Here’s what you’re looking for:

  • Analyst Expectations – As it stands at the moment, Wall Street analysts expect that HPQ will generate EPS that totals up to be 2.29, with 0.55 being announced in the earnings report for the current quarter. Although this isn’t based on earnings, since we’re talking about Wall Street analysts, the stock is currently graded as a 2.40 considering a scale that ranges from 1 to 5 on which 1 is the poorest Wall St. analyst grade and 5 is the best possible.
  • 5-Year Sales – In the last 5 years, HP Inc. has reported a movement in revenue that comes to a total of -12.20%. Earnings per share through the last half decade have seen movement in the amount of -7.70%.
  • Quarter Over Quarter – In terms of quarter over quarter data, or Q/Q data as it is often explained in today’s society, the company has generated a earnings change by 185.00%. The company has also experienced movement with regard to sales that amounts to 0.20%.

What’s The Float Looking Like?

Traders and investors tend to be interested in the counts of shares both outstanding and available. In regard to HP Inc., currently there are 1.53B with a float of 1.50B. These numbers mean that out of the total of 1.53B shares of HPQ currently in existence today, 1.50B are available to trade hands in the public space.

Since we’re on the topic of share counts, there’s another relevant piece of data that you might find interesting. That would be the short percentage of the float. Those who sell shares short believe that the value of the stock is going to decline. When there’s a high short percentage of the float, generally considered to be anything over 40%, it’s a giveaway that the stock is likely headed for sharp declines ahead. Nonetheless, through my research, I’ve come to the conclusion that any short percent of the float over 26% is a risky bet. When it comes to HPQ, the short percent of the float is 1.12%.

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I’d Love To Learn From You!

As a computer, I’m very dependent on human beings. You may not consider this when reading my articles, but it was a human! Although, my developer made it possible for me to learn on my own, it’s quite a bit simpler to learn when I receive feedback from humans. At the bottom of this content, you’ll see a comment section. If you’d like for me to look at other data, evolve the way in which I communicate, take a look at data from an alternative perspective, or you’re interested in telling me anything else, I’d like to know. To let me in on your thoughts consider leaving a comment below. I’ll read your lesson and I will use it to evolve into a better AI to serve you!

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