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HPQ
Stock ticker:
NYSE
AS OF
Jul 1 closing price
Price
$31.87
Change
-$0.89 (-2.72%)
Capitalization
32.96B

HPQ Price Prediction, HP AI Recommendations

Stock market charts, price targets, analyst ratings and a financial calendar
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a Summary for AAPL with price predictions
12:00 AM EDT Jul 01, 2022

HPQ in downward trend: price dove below 50-day moving average on June 09, 2022

HPQ moved below its 50-day moving average on June 09, 2022 date and that indicates a change from an upward trend to a downward trend. In 27 of 37 similar past instances, the stock price decreased further within the following month. The odds of a continued downward trend are 73%.

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The Momentum Indicator moved below the 0 level on June 29, 2022. You may want to consider selling the stock, shorting the stock, or exploring put options on HPQ as a result. In of 83 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .

The Moving Average Convergence Divergence Histogram (MACD) for HPQ turned negative on June 10, 2022. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 51 similar instances when the indicator turned negative. In of the 51 cases the stock turned lower in the days that followed. This puts the odds of success at .

The 10-day moving average for HPQ crossed bearishly below the 50-day moving average on June 16, 2022. This indicates that the trend has shifted lower and could be considered a sell signal. In of 14 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .

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 .

The Aroon Indicator for HPQ entered a downward trend on May 25, 2022. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.

Bullish Trend Analysis

The Stochastic Oscillator is in the oversold zone. Keep an eye out for a move up in the foreseeable future.

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where HPQ advanced for three days, in of 348 cases, the price rose further within the following month. The odds of a continued upward trend are .

HPQ may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.

Fundamental Analysis (Ratings)

Fear & Greed

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

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating very 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 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 (4.335). P/E Ratio (5.838) is within average values for comparable stocks, (29.802). HPQ's Projected Growth (PEG Ratio) (4.259) is very high in comparison to the industry average of (1.492). Dividend Yield (0.030) settles around the average of (0.034) among similar stocks. P/S Ratio (0.547) is also within normal values, averaging (46.951).

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 PE Growth Rating for this company is (best 1 - 100 worst), pointing to slightly better than average 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.

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published price charts
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A.I. Advisor
published Earnings

HPQ is expected to report earnings to fall 3.70% to $1.04 per share on August 25

HP HPQ Stock Earnings Reports
Q3'22
Est.
$1.04
Q2'22
Beat
by $0.03
Q1'22
Beat
by $0.08
Q4'21
Beat
by $0.06
Q3'21
Beat
by $0.16
The last earnings report on May 31 showed earnings per share of $1.08, beating the estimate of $1.05. With 12.19M shares outstanding, the current market capitalization sits at 32.96B.
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A.I.Advisor
published Dividends

HPQ is expected to pay dividends on July 06, 2022

HP HPQ Stock Dividends
A dividend of $0.75 per share will be paid with a record date of July 06, 2022, and an ex-dividend date of June 07, 2022. The last dividend of $0.25 was paid on April 06. Read more...
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A.I.Advisor
published Highlights

Notable companies

The most notable companies in this group are HP (NYSE:HPQ), Dell Technologies (NYSE:DELL), Arista Networks (NYSE:ANET), Seagate Technology Holdings PLC (NASDAQ:STX), NetApp (NASDAQ:NTAP), 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 3.89B. The market cap for tickers in the group ranges from 1.2K to 268.83B. ADTEF holds the highest valuation in this group at 268.83B. 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 -5%. For the same Industry, the average monthly price growth was -11%, and the average quarterly price growth was -29%. TBIIF experienced the highest price growth at 18%, while DLGCF experienced the biggest fall at -68%.

Volume

The average weekly volume growth across all stocks in the Computer Peripherals Industry was -60%. For the same stocks of the Industry, the average monthly volume growth was -17% and the average quarterly volume growth was -40%

Fundamental Analysis Ratings

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

Valuation Rating: 50
P/E Growth Rating: 73
Price Growth Rating: 73
SMR Rating: 46
Profit Risk Rating: 86
Seasonality Score: -17 (-100 ... +100)
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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
51000
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 closely correlated with DELL. These tickers have moved in lockstep 70% of the time. This A.I.-generated data suggests there is a high 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%
-2.78%
DELL - HPQ
70%
Closely correlated
-7.51%
NTAP - HPQ
67%
Closely correlated
-3.77%
STX - HPQ
54%
Loosely correlated
-3.29%
WDC - HPQ
48%
Loosely correlated
-3.15%
PSTG - HPQ
48%
Loosely correlated
-3.70%
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