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HPQ
Stock ticker: NYSE
AS OF
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Price
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Capitalization
28.19B

HPQ Price Prediction, HP AI Recommendations

Stock market charts, price targets, analyst ratings and a financial calendar

Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I.Advisor
a Summary for HPQ with price predictions
07:00 PM EST Nov 29, 2023

HPQ in upward trend: price rose above 50-day moving average on November 10, 2023

HPQ moved above its 50-day moving average on November 10, 2023 date and that indicates a change from a downward trend to an upward trend. In of 41 similar past instances, the stock price increased further within the following month. The odds of a continued upward trend are .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on November 02, 2023. You may want to consider a long position or call options on HPQ as a result. In of 87 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

The 10-day moving average for HPQ crossed bullishly above the 50-day moving average on November 13, 2023. This indicates that the trend has shifted higher and could be considered a buy signal. In of 16 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where HPQ advanced for three days, in of 343 cases, the price rose further within the following month. The odds of a continued upward trend are .

The Aroon Indicator entered an Uptrend today. In of 272 cases where HPQ Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

Bearish Trend Analysis

The RSI Indicator has been in the overbought zone for 1 day. Expect a price pull-back in the near future.

The Stochastic Oscillator entered the overbought zone. Expect a price pull-back in the foreseeable future.

Following a 3-day decline, the stock is projected to fall further. Considering past instances where HPQ declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

HPQ broke above its upper Bollinger Band on November 30, 2023. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.

Fundamental Analysis (Ratings)

Fear & Greed

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is seriously undervalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (0.000) is normal, around the industry mean (4.467). P/E Ratio (8.787) is within average values for comparable stocks, (60.497). Projected Growth (PEG Ratio) (3.085) is also within normal values, averaging (57.090). Dividend Yield (0.037) settles around the average of (0.036) among similar stocks. P/S Ratio (0.533) is also within normal values, averaging (9.813).

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating well-balanced risk and returns. The average Profit vs. Risk Rating rating for the industry is 86, placing this stock slightly better than average.

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. HPQ’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron Seasonality Score of (best 1 - 100 worst) indicates that the company is fair valued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to consistent earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

A.I. Advisor
published Earnings

HPQ is expected to report earnings to fall 4.93% to 85 cents per share on February 26

HP HPQ Stock Earnings Reports
Q1'24
Est.
$0.86
Q4'23
Est.
$0.90
Q3'23
Est.
$0.86
Q2'23
Beat
by $0.04
Q1'23
Beat
by $0.01
The last earnings report on November 21 showed earnings per share of 89 cents, meeting the estimate of 89 cents. With 559.49K shares outstanding, the current market capitalization sits at 28.19B.
A.I.Advisor
published Dividends

HPQ paid dividends on October 04, 2023

HP HPQ Stock Dividends
А dividend of $0.26 per share was paid with a record date of October 04, 2023, and an ex-dividend date of September 12, 2023. Read more...
A.I.Advisor
published Highlights

Notable companies

The most notable companies in this group are Arista Networks (NYSE:ANET), Dell Technologies (NYSE:DELL), HP (NYSE:HPQ), NetApp (NASDAQ:NTAP), Seagate Technology Holdings PLC (NASDAQ:STX), Western Digital Corp (NASDAQ:WDC), Pure Storage (NYSE:PSTG), 3D Systems Corp (NYSE:DDD).

Industry description

Computer peripherals connect to a computer system to add functionality or to get information from or put information into computers. Think hard disk drive, data storage systems, cloud storage devices, printer and scanner, or mouse, keyboard etc. Some of the major companies operating in the computer peripherals industry include Western Digital Corporation, Seagate Technology PLC, NetApp, Inc., Zebra Technologies Corporation, and Xerox Holdings Corp.

Market Cap

The average market capitalization across the Computer Peripherals Industry is 5.77B. The market cap for tickers in the group ranges from 1.2K to 262.23B. ADTEF holds the highest valuation in this group at 262.23B. The lowest valued company is DPSM at 1.2K.

High and low price notable news

The average weekly price growth across all stocks in the Computer Peripherals Industry was -1%. For the same Industry, the average monthly price growth was 10%, and the average quarterly price growth was 0%. DDDX experienced the highest price growth at 20%, while UAVS experienced the biggest fall at -12%.

Volume

The average weekly volume growth across all stocks in the Computer Peripherals Industry was 90%. For the same stocks of the Industry, the average monthly volume growth was 39% and the average quarterly volume growth was 15%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 49
P/E Growth Rating: 63
Price Growth Rating: 52
SMR Rating: 72
Profit Risk Rating: 85
Seasonality Score: 25 (-100 ... +100)
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published price charts
A.I. Advisor
published General Information

General Information

a developer of imaging and printing systems, computing systems and information technology solutions

Industry ComputerPeripherals

Profile
Fundamentals
Details
Industry
Computer Processing Hardware
Address
1501 Page Mill Road
Phone
+1 650 857-1501
Employees
58000
Web
https://www.hp.com
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HPQ and

Correlation & Price change

A.I.dvisor indicates that over the last year, HPQ has been loosely correlated with DELL. These tickers have moved in lockstep 61% of the time. This A.I.-generated data suggests there is some statistical probability that if HPQ jumps, then DELL could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To HPQ
1D Price
Change %
HPQ100%
+0.93%
DELL - HPQ
61%
Loosely correlated
+1.08%
NTAP - HPQ
52%
Loosely correlated
+2.07%
WDC - HPQ
48%
Loosely correlated
+2.13%
STX - HPQ
48%
Loosely correlated
+0.79%
CRSR - HPQ
46%
Loosely correlated
+2.30%
More