With 5.96 million shares changed hands, the volume of the stock remained lighter than its average volume of 13.72 million shares. During the session, the Communication Equipment company that operates in wider Technology sector, reached to the highest price of $21.92 whereas the lowest price it dropped to was $21.749. The 52-week range on HPE shows that it touched its highest point at $24.24 and its lowest point at $14.47 during that stretch. It currently has a 1-year price target of $24.21. With its current market cap of 28.89 billion, HPE has annualized dividend of $0.52 while the current yield stands at 2.38%. Beta for the stock currently stands at 1.22.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of HPE was up-trending over the past week, with a rise of 2.09%, but this was down by -0.50% over a month. Three-month performance surged to 10.78% while six-month performance rose 5.11%. The stock gained 28.67% in the past year, while it has gained 29.51% so far this year. A look at the trailing 12-month EPS for HPE yields 1.89 with Next year EPS estimates of 2.29. For the next quarter, that number is 0.50. This implies an EPS growth rate of 7.14% for this year and 7.40% for next year. EPS is expected to grow by 6.14% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 19.99%.
Float and Shares Shorts:
At present, 1.32 billion HPE shares are outstanding with a float of 1.31 billion shares on hand for trading. On 2024-11-15, short shares totaled 33.64 million, which was 258.99999 higher than short shares on 1728950400. In addition to Mr. Antonio Fabio Neri as the firm’s CEO, President & Director, Mr. John F. Schultz J.D. serves as its Executive VP and Chief Operating & Legal Officer.
Institutional Ownership:
Through their ownership of 0.86788005 of HPE’s outstanding shares, institutional investors have minority control over the company.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-07-31, HPE reported revenue of $8458000000.0 and operating income of $799000000.0. The EBITDA in the recently reported quarter was $1388000000.0 and diluted EPS was $nan.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for HPE since 13 analysts follow the stock currently. There are 5 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 8 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With HPE analysts setting a high price target of 29.0 and a low target of 19.0, the average target price over the next 12 months is 24.30882. Based on these targets, HPE could surge 32.48% to reach the target high and fall by -13.2% to reach the target low. Reaching the average price target will result in a growth of 11.05% from current levels.
Analysts have provided yearly estimates in a range of $1.98024 being high and $1.95009 being low. For HPE, this leads to a yearly average estimate of $1.96014. Based on analyst estimates, the high estimate for the next quarter is $0.54 and the low estimate is $0.46. The average estimate for the next quarter is thus $0.5.
