HP Inc (NYSE: HPQ): Is It A Buying Opportunity Again?

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Yahoo Finance discussed the stock recently as it posted HP Introduces Breakthrough Innovation for Partners at Amplify Partner Conference.

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Stocks Info

This NYSE-listed company operates within the Computer Hardware industry segment, falling under the Technology sector. The current market capitalization of HP Inc is $29.33B. A total of 6.59 million shares were traded on the day, compared to an average of 8.26M shares.

In the most recent transaction, BENNETT ROBERT R sold 67,000 shares of HPQ for 30.01 per share on Mar 21 ’24. After the transaction, the Director now owns 60,216 company shares. In a previous transaction on Mar 08 ’24, Liebman Stephanie sold 8,708 shares at 30.93 per share. HPQ shares that Global Controller owns now total 0.

Among the insiders who sold shares, McQuarrie David P. disposed of 51,111 shares on Mar 05 ’24 at a per-share price of $29.19. This resulted in the Chief Commercial Officer holding 5,449 shares of HPQ after the transaction. In another insider transaction, Ludgate Kristen M sold 41,015 shares at $29.24 per share on Mar 05 ’24. Company shares held by the Chief People Officer now total 56,169.

Dividend

The income generated by dividends is an indication that a company is improving its financial position, which is why investors prefer companies paying dividends. HP Inc pays an annual dividend of $1.08, resulting in a dividend yield of 3.59%, and it has a price to earnings (P/E) ratio of 8.75. 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.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. 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 $0.86 per share and a lower estimate of $0.78.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. 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 -$1.67, while its Total Shareholder’s Equity was -$1.64B.

Analysts Opinion

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. 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 3.54.

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