HP Stock Price on July 6, 2022 Breakdown

HPQ
 Stock
  

USD 29.86  0.18  0.60%   

As of today, the current price of HP is  29.86 , as last reported on the 2nd of December, with the highest price reaching  30.23  and the lowest price hitting  29.78  during the day.
We consider HP very steady. HP Inc retains Efficiency (Sharpe Ratio) of 0.0774, which attests that the entity had 0.0774% of return per unit of price deviation over the last 3 months. Our outlook to determining the volatility of a stock is to use all available market data together with stock-specific technical indicators that cannot be diversified away. We have found twenty-seven technical indicators for HP, which you can use to evaluate the future volatility of the firm. Please check out HP Inc standard deviation of 2.54, and Market Risk Adjusted Performance of (0.010006) to validate if the risk estimate we provide is consistent with the expected return of 0.19%.
  
As of 2nd of December 2022, Net Income Common Stock is likely to grow to about 8.1 B. As of 2nd of December 2022, Price to Earnings Ratio is likely to grow to 8.35, while Price to Book Value is likely to drop (19.57) . HP Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Most Recent Activity

Shares Float
905.2 M
net Income Applicable To Common Shares
3.2 B
Shares Outstanding
B
Shares Short Prior Month
35.6 M
Dividend Share
1.0
Earnings Share
3.05

HP Main Headline on 6th of July 2022

HP Inc dividend paid on 6th of July 2022

HP Valuation on July 6, 2022

It is possible to determine the worth of HP on a given historical date. On July 6, 2022 HP was worth 31.54 at the beginning of the trading date compared to the closed value of 30.9. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of HP stock. Still, in general, we apply an absolute valuation method to find HP's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Visa where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against HP's related companies.
 Open High Low Close Volume
  30.91    31.56    30.01    31.26    13,971,000  
07/06/2022
  31.54    31.70    30.76    30.90    8,306,000  
  31.65    32.00    31.46    31.50    7,022,200  
Backtest HP  |  HP History  |  HP Valuation   PreviousNext  
Open Value 31.54
30.9
Closing Value
38.71
Upside

HP Trading Date Momentum on July 6, 2022

On July 07 2022 HP Inc was traded for  31.50  at the closing time. Highest HP's price during the trading hours was 32.00  and the lowest price during the day was  31.46 . The net volume was 7 M. The overall trading history on the 7th of July contributed to the next trading period price boost. The trading delta at closing time to the next next day price was 1.94% . The trading delta at closing time to current price is 3.53% .

HP Inc Fundamentals Correlations and Trends

By evaluating HP's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among HP's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. HP financial account trend analysis is a perfect complement when working with valuation or volatility modules.

About HP Stock history

HP investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for HP is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in HP Inc will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing HP historical stock prices may prove useful in developing a viable investing in HP
Last ReportedProjected for 2022
Weighted Average Shares1.4 B1.8 B
Weighted Average Shares Diluted1.4 B1.8 B
Issuance Purchase of Equity Shares-7.2 B-7.4 B

HP Stock Technical Analysis

HP technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of HP technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of HP trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Price Boundaries

HP Period Price Range

Low
July 6, 2022
High

 31.54 

  

 30.90 

-0.64-2.03%

HP December 2, 2022 Market Strength

Market strength indicators help investors to evaluate how HP stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading HP shares will generate the highest return on investment. By undertsting and applying HP stock market strength indicators, traders can identify HP Inc entry and exit signals to maximize returns

HP Technical and Predictive Indicators

Predictive indicators are helping investors to find signals for HP stock's direction in advance. Along with the technical and fundamental analysis of HP Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of HP to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen stock market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
Please check Risk vs Return Analysis. You can also try Price Transformation module to use Price Transformation models to analyze depth of different equity instruments across global markets.

Complementary Tools for analysis

When running HP Inc price analysis, check to measure HP's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy HP is operating at the current time. Most of HP's value examination focuses on studying past and present price action to predict the probability of HP's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move HP's price. Additionally, you may evaluate how the addition of HP to your portfolios can decrease your overall portfolio volatility.
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Is HP's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of HP. If investors know HP will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about HP listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth YOY
0.17
Market Capitalization
31.1 B
Quarterly Revenue Growth YOY
(0.11) 
Return On Assets
0.085
The market value of HP Inc is measured differently than its book value, which is the value of HP that is recorded on the company's balance sheet. Investors also form their own opinion of HP's value that differs from its market value or its book value, called intrinsic value, which is HP's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because HP's market value can be influenced by many factors that don't directly affect HP's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between HP's value and its price as these two are different measures arrived at by different means. Investors typically determine HP value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, HP's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.