HP Inc.’s Stock Price Drops to $35.41, Marking a 3.91% Decline: A Closer Look at HPQ’s Market Performance

HP Inc. (HPQ)

35.41 USD -1.44 (-3.91%) Volume: 9.9M

HP Inc.’s stock price stands at 35.41 USD, experiencing a dip of -3.91% this trading session with a trading volume of 9.9M, yet boasting a YTD increase of +17.68%, indicating a robust performance for investors.

Latest developments on HP Inc.

Hewlett Packard Enterprise Co. stock price surged 5% today, outperforming competitors in the market. Analysts are bullish on the company, citing it as the best sector play. The strong trading day for Hewlett Packard comes as layouts are made easy on the eye with the company’s Print AI technology. Investors are optimistic about the future of Hewlett Packard Co, driving the stock price up significantly.

HP Inc. on Smartkarma

Analysts at Baptista Research on Smartkarma have been closely following Hewlett Packard Co, providing valuable insights on the company’s performance. In their report titled “HP Inc.: A Mixed Financial Picture! – Major Drivers,” they highlighted the recent Q3 2024 earnings of HP Inc. which showed a mixed financial picture with revenue growth and profitability challenges. The return to revenue growth after nine quarters, mainly driven by strong performance in Personal Systems, both consumer and commercial segments, was noted. The report also mentioned a notable recovery in commercial PCs, indicating a stabilizing market for the company.

Furthermore, in another report by Baptista Research titled “HP Inc.: Dominance of Personal Systems & Print Business & Other Major Drivers,” they discussed HP Inc.’s Q2 2024 earnings which were below expectations with a 1% decline in net revenue. However, the rate of decline slowed for the fourth straight quarter, and Personal Systems returned to growth for the first time in eight quarters. The report also highlighted a 2% growth in non-GAAP operating profit and a 4% increase in non-GAAP EPS year-over-year, slightly above the previous quarter’s guide. These insights provide investors with a comprehensive analysis of Hewlett Packard Co‘s performance and potential future prospects.

A look at HP Inc. Smart Scores

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Based on the Smartkarma Smart Scores, Hewlett Packard Co has a mixed long-term outlook. The company scores high in Dividend and Resilience, indicating a strong track record of paying dividends and the ability to withstand economic challenges. However, the scores for Value and Growth are lower, suggesting that the company may not be undervalued and may have limited growth potential. The Momentum score is also moderate, indicating a steady but not rapid increase in stock price. Overall, Hewlett Packard Co may be a stable investment choice for those seeking dividends and a resilient company.

HP Inc. provides a wide range of imaging and printing systems, computing systems, mobile devices, solutions, and services for both business and home use. Their product offerings include laser and inkjet printers, scanners, copiers and faxes, personal computers, workstations, storage solutions, and other computing and printing systems. With a global presence, HP Inc. serves customers worldwide with its diverse portfolio of technology products and services.

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