Investigating a stock’s 52-week price history, covering the range of low and high prices, can provide significant information about its present state and future potential. Hewlett Packard Enterprise Co’s current trading price is -17.57% away from its 52-week high, while its distance from the 52-week low is 30.04%. The stock’s price range during this period has varied between $14.47 and $22.82. The company, active in the Technology sector, saw a trading volume of around 30.62 million for the day, considerably higher average daily volume of 16.0 million observed over the last three months.
Hewlett Packard Enterprise Co’s stock has seen a smooth market performance. The company’s stock achieved a 1-year high of $22.82 on 06/18/24, and the lowest price during that time was $14.47, recorded on 03/01/24.
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How Financial Performance Impacts Market Capitalization
Hewlett Packard Enterprise Co (HPE) has experienced a quarterly decline of -10.09% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 24.43B and boasts a workforce of 62000 employees.
The Role of Moving Averages and Trading Volume in Technical Analysis
Based on Barchart.com data, the company’s moving average over the 100-day period was 18.99, with a change in price of +1.63. Similarly, Hewlett Packard Enterprise Co recorded 17,037,332 in trading volume during the last 100 days, posting a change of +9.49%.
How HPE’s Debt-to-Equity Ratio Affects Financial Health
A company’s financial condition and market reputation can be evaluated using the debt-to-equity (D/E) ratio. This ratio, calculated by dividing a company’s total liabilities by its shareholders’ equity, indicates the proportion of debt a company employs to back its assets in relation to its shareholders’ equity. At the time of writing, the total D/E ratio for HPE stands at 0.53. Similarly, the long-term debt-to-equity ratio is also 0.36.
HPE Stock Stochastic Average
As of today, the raw stochastic average of Hewlett Packard Enterprise Co over the last 50 days is at 52.78%. This shows a declinee from the raw stochastic average of the previous 20 days, which was recorded at 80.00%. Further, the company’s Stochastic %K and %D values for the last 20 days were 75.88% and 67.57%, respectively.
HPE Stock Price Performance Analysis
The performance of the stock price over the year has been up and down, leaving investors with either an optimistic or pessimistic outlook, depending on how they interpret the data. The index has shown a price gain of 10.78% this year. Over the last six months, there has been a weaker performance of 9.30%. The price of HPE leaped by -0.37% during the last 30 days period. For the last 5-days stocks have improved 9.68%.
