Can HP Inc Bounce Back? 52-Week Performance and Analyst Predictions

HP Inc saw a rather consistency, in terms of market performance. The company’s stock reached its highest point at $33.90 on 07/12/23, while the lowest price for the same duration was marked at $25.22 on 09/28/23.

52-week price history of HPQ Stock

Studying a stock’s 52-week price history, which includes both low and high prices, can help gauge its current status and potential future performance. HP Inc’s current trading price is -12.80% away from its 52-week high, while its distance from the 52-week low is 17.21%. The stock’s price range during the 52-week period has remained between $25.22 and $33.90. In the Technology sector, the company’s shares saw a trading volume of around 6.13 million for the day, which was evidently lower than the average daily volume of 8.48 million over the past three months.

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Market Capitalization and Financial Performance: An In-Depth Look

HP Inc (HPQ) has experienced a quarterly decline of -1.76% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 28.92B and boasts a workforce of 58000 employees.

Making Sense of Trading Volume and Moving Average Data

Based on Barchart.com data, the company’s moving average over the 100-day period was 29.33, with a change in price of +2.23. Similarly, HP Inc recorded 8,724,678 in trading volume during the last 100 days, posting a change of +8.16%.

HPQ Stock Stochastic Average

As of today, HP Inc’s raw stochastic average for the last 50 days stands at 56.07%. This is a rise compared to the raw stochastic average of the previous 20 days, which was noted at 31.65%. Furthermore, the company’s Stochastic %K and %D values for the past 20 days were 54.28% and 61.38%, respectively.

HPQ Stock Price Performance Analysis

Investors’ outlook regarding the stock price performance over the year has been a mixed bag, with a range of optimism to pessimism depending on their perspective. The metric has seen a significant loss of -1.76% since the start of this calendar year. Looking back over the last six months, we can see a weaker performance of 15.02%. Over the past 30 days, the price of HPQ has fallen by 0.51%. And in the last five days, it has fallen by -1.07%.

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