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

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility.

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Stocks Info

HPQ belongs to the Technology sector of the NYSE while operating in the Computer Hardware industry. The current market capitalization of HP Inc is $34.56B. A total of 6.51 million shares were traded on the day, compared to an average of 8.06M shares.

In the most recent transaction, CHO ALEX sold 173,137 shares of HPQ for 36.11 per share on Jun 21 ’24. After the transaction, the President, Personal Systems now owns 64,676 company shares. In a previous transaction on Mar 21 ’24, BENNETT ROBERT R sold 67,000 shares at 30.01 per share. HPQ shares that Director owns now total 60,216.

Among the insiders who sold shares, Liebman Stephanie disposed of 8,708 shares on Mar 08 ’24 at a per-share price of $30.93. This resulted in the Global Controller holding 0 shares of HPQ after the transaction. In another insider transaction, McQuarrie David P. sold 51,111 shares at $29.19 per share on Mar 05 ’24. Company shares held by the Chief Commercial Officer now total 5,449.

Dividend

Paying dividends generates immediate cash flow for investors and indicates a positive outlook for the company. HP Inc pays an annual dividend of $1.09, resulting in a dividend yield of 3.08%, and it has a price to earnings (P/E) ratio of 11.90. HPQ’s most recent ex-dividend date was 9/11/2024 when it declared a $0.2756 quarterly dividend that was paid in cash on 10/2/2024. Previously, the company paid the dividend on 7/13/2024 with an ex-dividend date of 6/12/2024. The HPQ stock dividend was $0.2756 per share in cash.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. In terms of 52-week highs and lows, HPQ has a high of $39.52 and a low of $25.22.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using 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 -$0.94, while its Total Shareholder’s Equity was -$1.64B.

Analysts Opinion

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. 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 3.69.

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