With 4.27 million shares changed hands, the volume of the stock remained heavier than its average volume of 1.98 million shares. The 52-week range on HP shows that it touched its highest point at $42.39 and its lowest point at $14.65 during that stretch. It currently has a 1-year price target of $22.20. With its current market cap of 1.80 billion, HP has annualized dividend of $0.75 while the current yield stands at 4.14%. Beta for the stock currently stands at 0.83.
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 HP was up-trending over the past week, with a rise of 10.23%, but this was down by -6.07% over a month. Three-month performance dropped to -28.40% while six-month performance fell -45.55%. The stock lost -47.57% in the past year, while it has lost -43.47% so far this year. A look at the trailing 12-month EPS for HP yields 2.19 with Next year EPS estimates of 1.20. For the next quarter, that number is 0.24. This implies an EPS growth rate of -61.02% for this year and -12.22% for next year.
Float and Shares Shorts:
At present, 99.42 million HP shares are outstanding with a float of 95.47 million shares on hand for trading.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for HP since 15 analysts follow the stock currently. There are 6 analysts who recommend BUY ratings, while 2 suggest SELL ratings. Of the remaining analysts, 7 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.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of $3.64448 being high and $3.46475 being low. For HP, this leads to a yearly average estimate of $3.52466. Based on analyst estimates, the high estimate for the next quarter is $0.27 and the low estimate is $0.02. The average estimate for the next quarter is thus $0.18.
