Hp Inc Stock Price on November 22, 2022

HPQ Stock  USD 30.22  0.10  0.33%   
Below is the normalized historical share price chart for HP Inc extending back to January 02, 1962. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of HP stands at 30.22, as last reported on the 28th of March, with the highest price reaching 30.37 and the lowest price hitting 30.03 during the day.
IPO Date
2nd of January 1962
200 Day MA
29.4311
50 Day MA
29.2844
Beta
1.056
 
Embargo
 
Inflation
 
Black Monday
 
Oil Shock
 
Dot-com Bubble
 
Housing Crash
 
Credit Downgrade
 
Yuan Drop
 
Covid
If you're considering investing in HP Stock, it is important to understand the factors that can impact its price. We consider HP very steady. HP Inc retains Efficiency (Sharpe Ratio) of 0.0187, which attests that the entity had a 0.0187% return per unit of price deviation over the last 3 months. We have found twenty-eight technical indicators for HP, which you can use to evaluate the volatility of the firm. Please check out HP's Semi Deviation of 1.18, market risk adjusted performance of 0.0181, and Standard Deviation of 1.32 to validate if the risk estimate we provide is consistent with the expected return of 0.0256%.
  
At this time, HP's Common Stock Shares Outstanding is relatively stable compared to the past year. As of 03/28/2024, Liabilities And Stockholders Equity is likely to grow to about 56 B, while Common Stock Total Equity is likely to drop slightly above 8.6 M. . As of 03/28/2024, Price Earnings To Growth Ratio is likely to grow to 1.17, while Price Earnings Ratio is likely to drop 5.42. HP Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = 0.0187

Best PortfolioBest Equity
Good Returns
Average Returns
Small Returns
CashSmall RiskAverage RiskHigh RiskHuge Risk
Negative ReturnsHPQ

Estimated Market Risk

 1.37
  actual daily
12
88% of assets are more volatile

Expected Return

 0.03
  actual daily
0
Most of other assets have higher returns

Risk-Adjusted Return

 0.02
  actual daily
1
99% of assets perform better
Based on monthly moving average HP is performing at about 1% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of HP by adding it to a well-diversified portfolio.
Enterprise Value Ebitda
8.3827
Price Sales
0.5552
Shares Float
954.5 M
Dividend Share
1.063
Wall Street Target Price
31.85

HP Valuation on November 22, 2022

It is possible to determine the worth of HP on a given historical date. On November 22, 2022 HP was worth 29.23 at the beginning of the trading date compared to the closed value of 27.84. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of HP stock. Still, in general, we apply an absolute valuation method to find HP's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of HP where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against HP's related companies.
 Open High Low Close Volume
  29.16    29.30    27.63    27.63    10,697,100  
11/22/2022
  29.23    29.42    27.84    27.84    15,114,900  
  29.12    30.17    28.31    28.34    17,741,200  
Backtest HP  |  HP History  |  HP Valuation   PreviousNext  
Open Value
29.23
27.84
Closing Value
33.34
Upside

HP Trading Date Momentum on November 22, 2022

On November 23 2022 HP Inc was traded for  28.34  at the closing time. Highest HP's price during the trading hours was 30.17  and the lowest price during the day was  28.31 . The net volume was 17.7 M. The overall trading history on the 23rd of November contributed to the next trading period price gain. The trading delta at closing time to the next next day price was 1.80% . The trading delta at closing time to current price is 5.75% .

HP Inc Fundamentals Correlations and Trends

By evaluating HP's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among HP's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. HP financial account trend analysis is a perfect complement when working with valuation or volatility modules.

About HP Stock history

HP investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for HP is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in HP Inc will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing HP stock prices may prove useful in developing a viable investing in HP
Last ReportedProjected for 2024
Common Stock Shares Outstanding900 M1.6 B
Net Income Applicable To Common Shares2.9 B3.7 B

HP Stock Technical Analysis

HP technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of HP technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of HP trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Price Boundaries

HP Period Price Range

Low
November 22, 2022
High

 29.23 

  

 27.84 

-1.39-4.76%

HP March 28, 2024 Market Strength

Market strength indicators help investors to evaluate how HP stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading HP shares will generate the highest return on investment. By undertsting and applying HP stock market strength indicators, traders can identify HP Inc entry and exit signals to maximize returns

HP Technical and Predictive Indicators

Predictive indicators are helping investors to find signals for HP's price direction in advance. Along with the technical and fundamental analysis of HP Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of HP to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
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 Funds Screener module to find actively-traded funds from around the world traded on over 30 global exchanges.

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.
Economic Indicators
Top statistical indicators that provide insights into how an economy is performing
Price Exposure Probability
Analyze equity upside and downside potential for a given time horizon across multiple markets
Equity Search
Search for actively traded equities including funds and ETFs from over 30 global markets
Earnings Calls
Check upcoming earnings announcements updated hourly across public exchanges
Watchlist Optimization
Optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm
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.