After Hours
The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Most recently, Yahoo Finance reported about the stock as it publicized that HP Inc. Reports Fiscal 2024 First Quarter Results.
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Stocks Info
HP Inc is listed on the NYSE as a member of the Technology sector and is a part of the Computer Hardware industry. The current market capitalization of HP Inc is $28.46B. A total of 10.74 million shares were traded on the day, compared to an average of 8.41M shares.
Insider Activity
Additionally, investors take into account insider trades when predicting how a stock will perform. During the recent three months, HPQ has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 17 BUYs and 32 SELLs from insiders. Insiders purchased 498,373 shares during that period but sold 23,529,905.
In the most recent transaction, LORES ENRIQUE sold 38,000 shares of HPQ for 29.75 per share on Jan 02. After the transaction, the President and CEO now owns 888,911 company shares. In a previous transaction on Nov 30, CHO ALEX sold 45,758 shares at 29.24 per share. HPQ shares that President, Personal Systems owns now total 22,003.
Among the insiders who sold shares, BERKSHIRE HATHAWAY INC disposed of 3,067,508 shares on Oct 03 at a per-share price of $26.20. This resulted in the 10% Owner holding 97,854,605 shares of HPQ after the transaction. In another insider transaction, BERKSHIRE HATHAWAY INC sold 1,596,922 shares at $25.70 per share on Oct 02. Company shares held by the 10% Owner now total 100,922,113.
Dividend
It is more appealing for investors to invest in companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook for the company. HP Inc pays an annual dividend of $1.06, resulting in a dividend yield of 3.70%, and it has a price to earnings (P/E) ratio of 8.72. HPQ’s most recent ex-dividend date was 3/12/2024 when it declared a $0.2756 quarterly dividend that was paid in cash on 4/3/2024. Previously, the company paid the dividend on 1/3/2024 with an ex-dividend date of 12/12/2023. The HPQ stock dividend was $0.2756 per share in cash.
Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. According to analysts who have offered 12-month price targets for HPQ in the last 3 months, the mean price target is $31.41 with high estimates of $40.00 and low estimates of $22.00. In terms of 52-week highs and lows, HPQ has a high of $33.90 and a low of $25.22.
As of this writing, HPQ has an earnings estimate of $0.81 per share for the current quarter. EPS was calculated based on a consensus of 12 estimates, with a high estimate of $0.84 per share and a lower estimate of $0.74.
Balance Sheet Annually/Quarterly
A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information. HPQ’s latest balance sheet shows that the firm has $4.30B in Cash & Short Term Investments as of fiscal 2021. There were $8.78B in debt and $29.06B in liabilities at the time. Its Book Value Per Share was -$1.08, while its Total Shareholder’s Equity was -$1.64B.
Analysts Opinion
It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for HPQ is Buy with a score of 3.58.
