Hp Inc Stock Today

HPQ Stock  USD 29.94  0.48  1.58%   

Performance

1 of 100

 
Low
 
High
Weak

Odds Of Distress

Less than 16

 
100  
 
Zero
Low
HP is selling at 29.94 as of the 18th of March 2024; that is -1.58 percent down since the beginning of the trading day. The stock's last reported lowest price was 29.61. HP has less than a 16 % chance of experiencing some financial distress in the next two years of operation, but did not have a good performance during the last 90 trading days. Equity ratings for HP Inc are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 25th of September 2022 and ending today, the 18th of March 2024. Click here to learn more.
Business Domain
Technology Hardware & Equipment
IPO Date
2nd of January 1962
Category
Technology
Classification
Information Technology
HP Inc. provides personal computing and other access devices, imaging and printing products, and related technologies, solutions, and services in the United States and internationally. HP Inc. was founded in 19 and is headquartered in Palo Alto, California. The company has 978.48 M outstanding shares of which 14.83 M shares are currently shorted by investors with about 1.84 days to cover. More on HP Inc

Moving together with HP Stock

  0.63DM Desktop Metal Financial Report 8th of May 2024 PairCorr

Moving against HP Stock

  0.5G Genpact Limited Financial Report 8th of May 2024 PairCorr
  0.44S SentinelOne Buyout TrendPairCorr
  0.42MSFT Microsoft Fiscal Quarter End 31st of March 2024 PairCorr
  0.42NSIT Insight Enterprises Financial Report 7th of May 2024 PairCorr

HP Stock Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. HP's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding HP or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
ESG Sustainability
Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary, HP's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to HP's managers, analysts, and investors.
Environment Score
Governance Score
Social Score
CEODion Weisler
Thematic Ideas
(View all Themes)
Business ConcentrationTechnology Hardware, Storage & Peripherals, Technology Hardware & Equipment, Information Technology, NYSE Composite, SP 500 Index, ARCA Computer Technology, NYSE US 100, ARCA Major Markets, Computers, Warren Buffett Holdings, Information Technology, Technology Hardware, Storage & Peripherals, Computer Hardware, Technology (View all Sectors)
Excise Tax ActivitiesAnimal Testing
Average Analyst Recommendation
Analysts covering HP report their recommendations after researching HP's financial statements, talking to executives and customers, or listening in on HP's conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering HP Inc. The HP consensus assessment is calculated by taking the average forecast from all of the analysts covering HP.
Financial Strength
Based on the analysis of HP's profitability, liquidity, and operating efficiency, HP Inc may be sliding down financialy. It has an above-average probability of going through some form of financial hardship next quarter. Financial strength of HP Inc is based on its profitability, leverage, liquidity, source of funds, and operating efficiency.
Current ValueLast YearChange From Last Year 10 Year Trend
Asset Turnover0.991.31
Way Down
Slightly volatile
Gross Profit Margin0.350.25
Significantly Up
Pretty Stable
Total Current Liabilities25 B28.2 B
Fairly Down
Pretty Stable
Non Current Liabilities Total12.9 B15.6 B
Significantly Down
Slightly volatile
Total Assets56 B42.6 B
Significantly Up
Slightly volatile
Total Current Assets29.4 B20.7 B
Significantly Up
Slightly volatile
Total Cash From Operating Activities6.5 B4.1 B
Way Up
Slightly volatile
HP's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to HP's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit.
HP's bond ratings measure its overall creditworthiness, which in many ways corresponds to the cost of borrowing for an issuer. These ratings assign a letter grade to all of HP's outstanding corporate bonds that indicate their credit quality. We use reports published by private self-sufficient rating services such as Standard & Poor's or Fitch Ratings Inc. to evaluate a bond issuer's financial strength or its ability to pay a bond's principal and interest.
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand HP's financial leverage. It provides some insight into what part of HP's total assets is financed by creditors.
By using current balance sheet information, investors can analyze the liability, assets, and equity on HP's books and decide whether to invest or hold. Statistics such as return on equity (ROE), debt to equity (D/E) help investors determine how HP deploys its capital and how much of that capital is borrowed.
Liquidity
HP cash flow analysis is essential to understand how it generates and spends money over a specific period. It can also help you figure out where your money is going and how much cash you have available at a given moment. The company has 9.48 B in debt with debt to equity (D/E) ratio of 0.88, which is OK given its current industry classification. HP Inc has a current ratio of 0.74, suggesting that it has not enough short term capital to pay financial commitments when the payables are due. Debt can assist HP until it has trouble settling it off, either with new capital or with free cash flow. So, HP's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like HP Inc sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for HP to invest in growth at high rates of return. When we think about HP's use of debt, we should always consider it together with cash and equity.

Depreciation

928.62 Million
HP Inc (HPQ) is traded on New York Stock Exchange in USA. It is located in 1501 Page Mill Road, Palo Alto, CA, United States, 94304 and employs 58,000 people. HP is listed under Technology Hardware, Storage & Peripherals category by Fama And French industry classification. The company currently falls under 'Large-Cap' category with a total capitalization of 29.77 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate HP's market, we take the total number of its shares issued and multiply it by HP's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. HP Inc runs under Technology Hardware, Storage & Peripherals sector within Information Technology industry. The entity has 978.48 M outstanding shares of which 14.83 M shares are currently shorted by investors with about 1.84 days to cover. HP Inc has about 3.15 B in cash with 3.57 B of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 3.15.
Check HP Probability Of Bankruptcy
Ownership Allocation
HP Inc shows a total of 978.48 Million outstanding shares. The majority of HP Inc outstanding shares are owned by institutions. These other corporate entities are usually referred to as non-private investors looking to purchase positions in HP Inc to benefit from reduced commissions. Hence, outside corporations are subject to a different set of regulations than regular investors in HP Inc. Please pay attention to any change in the institutional holdings of HP as this could imply that something significant has changed or is about to change at the company. Note that regardless of who owns the company, if the true value of the entity is less than the market is willing to pay for it, you may not be able to generate positive returns over time.
Check HP Ownership Details

HP Stock Price Odds Analysis

In regard to a normal probability distribution, the odds of HP jumping above the current price in 90 days from now is about 22.22%. The HP Inc probability density function shows the probability of HP stock to fall within a particular range of prices over 90 days. Considering the 90-day investment horizon the stock has a beta coefficient of 1.2756. This usually indicates as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, HP will likely underperform. Additionally, the company has a negative alpha, implying that the risk taken by holding this instrument is not justified. HP Inc is significantly underperforming NYSE Composite.
  Odds Below 29.94HorizonTargetOdds Above 29.94
77.49%90 days
 29.94 
22.22%
Based on a normal probability distribution, the odds of HP to move above the current price in 90 days from now is about 22.22 (This HP Inc probability density function shows the probability of HP Stock to fall within a particular range of prices over 90 days) .

HP Stock Institutional Holders

Institutional Holdings refers to the ownership stake in HP that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of HP's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing HP's value.
InstituionRecorded OnShares
Northern Trust Corp2023-12-31
10.2 M
Pacer Advisors, Inc.2023-12-31
9.5 M
Legal & General Group Plc2023-12-31
9.4 M
Dimensional Fund Advisors, Inc.2023-12-31
9.4 M
Nuveen Asset Management, Llc2023-12-31
9.4 M
Amvescap Plc.2023-12-31
8.8 M
Bank Of New York Mellon Corp2023-12-31
8.4 M
Arrowstreet Capital Limited Partnership2023-12-31
7.4 M
Deutsche Bank Ag2023-12-31
7.1 M
Vanguard Group Inc2023-12-31
117.7 M
Berkshire Hathaway Inc2023-09-30
102.5 M
View HP Diagnostics

HP Historical Income Statement

HP Inc Income Statement is one of the three primary financial statements used for reporting HP's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of HP Inc revenue and expense. HP Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, HP's Selling General Administrative is relatively stable compared to the past year. As of 03/18/2024, Research Development is likely to grow to about 2.1 B, while EBIT is likely to drop slightly above 5.7 B. View More Fundamentals

HP Stock Against Markets

Picking the right benchmark for HP stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in HP stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for HP is critical whether you are bullish or bearish towards HP Inc at a given time. Please also check how HP's historical prices are related to one of the top price index indicators.

Be your own money manager

Our tools can tell you how much better you can do entering a position in HP without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

Did you try this?

Run Risk-Return Analysis Now

   

Risk-Return Analysis

View associations between returns expected from investment and the risk you assume
All  Next Launch Module

HP Corporate Directors

HP corporate directors refer to members of a HP board of directors. The board of directors generally takes responsibility for the HP's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of HP's board members must vote for the resolution. The HP board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.
Carl BassDirectorProfile
Robert BennettIndependent DirectorProfile
Mary CitrinoIndependent DirectorProfile
Subra SureshIndependent DirectorProfile

How to buy HP Stock?

Before investing in HP, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in HP. To buy HP stock, you can follow these steps:
  • Choose a brokerage firm: You need to select a brokerage firm to buy shares of HP. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
  • Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
  • Fund your account: You will need to deposit funds into your brokerage account to purchase HP stock. You can do this by transferring funds from your bank account or other investment accounts.
  • Place your order: Once you have located HP Inc stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
  • Monitor your investment: After you have purchased HP Inc stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as HP Inc, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy HP Stock please use our How to Invest in HP guide.

Already Invested in HP Inc?

The danger of trading HP Inc is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of HP is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than HP. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile HP Inc is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether HP Inc is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if HP Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Hp Inc Stock. Highlighted below are key reports to facilitate an investment decision about Hp Inc Stock:
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in HP Inc. Also, note that the market value of any Company could be tightly coupled with the direction of predictive economic indicators such as signals in american community survey.
You can also try the Equity Forecasting module to use basic forecasting models to generate price predictions and determine price momentum.

Complementary Tools for HP Stock analysis

When running HP's price analysis, check to measure HP's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy HP is operating at the current time. Most of HP's value examination focuses on studying past and present price action to predict the probability of HP's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move HP's price. Additionally, you may evaluate how the addition of HP to your portfolios can decrease your overall portfolio volatility.
Portfolio Manager
State of the art Portfolio Manager to monitor and improve performance of your invested capital
Economic Indicators
Top statistical indicators that provide insights into how an economy is performing
Sign In To Macroaxis
Sign in to explore Macroaxis' wealth optimization platform and fintech modules
Insider Screener
Find insiders across different sectors to evaluate their impact on performance
Balance Of Power
Check stock momentum by analyzing Balance Of Power indicator and other technical ratios
Earnings Calls
Check upcoming earnings announcements updated hourly across public exchanges
Efficient Frontier
Plot and analyze your portfolio and positions against risk-return landscape of the market.
ETFs
Find actively traded Exchange Traded Funds (ETF) from around the world
Is HP's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of HP. If investors know HP will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about HP listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
0.319
Dividend Share
1.063
Earnings Share
3.41
Revenue Per Share
53.452
Quarterly Revenue Growth
(0.04)
The market value of HP Inc is measured differently than its book value, which is the value of HP that is recorded on the company's balance sheet. Investors also form their own opinion of HP's value that differs from its market value or its book value, called intrinsic value, which is HP's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because HP's market value can be influenced by many factors that don't directly affect HP's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between HP's value and its price as these two are different measures arrived at by different means. Investors typically determine if HP is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, HP's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.