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HPQ
Stock ticker:
NYSE
AS OF
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Price
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Capitalization
29.01B

HPQ HP Forecast, Technical & Fundamental Analysis

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

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Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I.Advisor
a Summary for HPQ with price predictions
08:00 PM EDT May 31, 2023

HPQ in downward trend: price dove below 50-day moving average on May 31, 2023

HPQ moved below its 50-day moving average on May 31, 2023 date and that indicates a change from an upward trend to a downward trend. In of 38 similar past instances, the stock price decreased further within the following month. The odds of a continued downward trend are .

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 70 cases where HPQ's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are .

The Momentum Indicator moved below the 0 level on May 31, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on HPQ as a result. In of 85 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 May 31, 2023. 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 52 similar instances when the indicator turned negative. In of the 52 cases the stock turned lower in the days that followed. This puts the odds of success at .

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 23, 2023. 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

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where HPQ advanced for three days, in of 345 cases, the price rose further within the following month. The odds of a continued upward trend are .

Fundamental Analysis (Ratings)

Fear & Greed

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to outstanding 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.

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 87, 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 fairly steady price growth. HPQ’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is significantly overvalued 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 (4.119). P/E Ratio (11.013) is within average values for comparable stocks, (45.402). Projected Growth (PEG Ratio) (172.976) is also within normal values, averaging (87.676). Dividend Yield (0.035) settles around the average of (0.046) among similar stocks. P/S Ratio (0.528) is also within normal values, averaging (12.153).

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 4.63B. 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 12%, and the average quarterly price growth was 8%. CRTG experienced the highest price growth at 33%, while CAN experienced the biggest fall at -24%.

Volume

The average weekly volume growth across all stocks in the Computer Peripherals Industry was -5%. For the same stocks of the Industry, the average monthly volume growth was 108% and the average quarterly volume growth was 203%

Fundamental Analysis Ratings

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

Valuation Rating: 52
P/E Growth Rating: 64
Price Growth Rating: 52
SMR Rating: 71
Profit Risk Rating: 87
Seasonality Score: -4 (-100 ... +100)
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A.I. Advisor
published Earnings

HPQ is expected to report earnings to rise 6.44% to 85 cents per share on August 24

HP HPQ Stock Earnings Reports
Q3'23
Est.
$0.85
Q2'23
Beat
by $0.04
Q1'23
Beat
by $0.01
Q4'22
Est.
$0.85
Q3'22
Est.
$1.04
The last earnings report on May 30 showed earnings per share of 80 cents, beating the estimate of 75 cents. With 1.01M shares outstanding, the current market capitalization sits at 29.01B.
A.I.Advisor
published Dividends

HPQ paid dividends on April 05, 2023

HP HPQ Stock Dividends
А dividend of $0.26 per share was paid with a record date of April 05, 2023, and an ex-dividend date of March 07, 2023. Read more...
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 closely correlated with DELL. These tickers have moved in lockstep 84% 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%
+1.24%
DELL - HPQ
84%
Closely correlated
+1.45%
NTAP - HPQ
72%
Closely correlated
+8.46%
WDC - HPQ
71%
Closely correlated
+0.62%
STX - HPQ
71%
Closely correlated
+2.00%
CRSR - HPQ
64%
Loosely correlated
-0.20%
More

Groups containing HPQ

Correlation & Price change

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To HPQ
1D Price
Change %
HPQ100%
+1.24%
HPQ
(undefined stocks)
88%
Closely correlated
+2.05%
hardware
(undefined stocks)
78%
Closely correlated
+2.56%
imaging
(undefined stocks)
76%
Closely correlated
+1.36%
fossil free
(undefined stocks)
72%
Closely correlated
+1.10%
3d printing
(undefined stocks)
71%
Closely correlated
+2.80%
More