HP Inc.’s Stock Price Plummets to $34.66, Experiences a Sharp 11.36% Decline

HP Inc. (HPQ)

34.66 USD -4.44 (-11.36%) Volume: 27.02M

HP Inc.’s stock price stands at 34.66 USD, experiencing a significant drop of -11.36% in the recent trading session, with a high trading volume of 27.02M. Despite this, the tech giant’s stock has shown resilience with a year-to-date percentage change of +13.53%, indicating a promising performance for investors.

Latest developments on HP Inc.

Today, Hewlett Packard Co stock price is expected to be influenced by a series of key events leading up to this moment. In the fourth quarter of 2024, investors are eagerly awaiting the company’s financial results. Hewlett Packard Enterprise Company (HPE) recently made headlines for powering RWE’s AI-driven weather models with a private cloud solution. Additionally, the company’s acquisition of Juniper Networks for $14 billion was named Deal of the Week, reflecting its strategic growth initiatives. HPE also announced major updates to its GreenLake platform, simplifying hybrid cloud and AI solutions. As West Tower Group LLC trims its stake in Hewlett Packard Enterprise, market analysts are closely monitoring the stock price movements today.

HP Inc. on Smartkarma

Analysts on Smartkarma, such as Baptista Research, have been covering Hewlett Packard Co and providing insights on the company’s financial performance. In a report titled “HP Inc.: A Mixed Financial Picture! – Major Drivers,” the analysts noted that HP Inc. recently presented its Q3 2024 earnings, showing a mixed financial picture with revenue growth and profitability challenges. The return to revenue growth, albeit modest at 2%, was mainly driven by strong performance in Personal Systems, including both consumer and commercial segments. The recovery in commercial PCs was also highlighted, indicating a stabilizing market for the company.

Another report by Baptista Research titled “HP Inc.: Dominance of Personal Systems & Print Business & Other Major Drivers” discussed HP Inc.’s Q2 2024 earnings performance. Despite a 1% decline in net revenue, the rate of decline slowed for the fourth straight quarter. Personal Systems returned to growth for the first time in eight quarters, showcasing signs of market stabilization and solid execution. Non-GAAP operating profit grew 2%, and non-GAAP EPS was up 4% year-over-year, slightly exceeding the previous quarter’s guidance. Overall, analysts are leaning bullish on Hewlett Packard Co‘s performance based on these reports.

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. While the company scores high in Dividend and Resilience, indicating a strong dividend payout and ability to weather economic downturns, it falls short in Value, Growth, and Momentum. This suggests that Hewlett Packard Co may not be seen as a high-growth investment opportunity, but could appeal to investors looking for stable returns and a reliable dividend yield.

HP Inc. provides imaging and printing systems, computing systems, mobile devices, solutions, and services for business and home. The company offers a wide range of products including printers, scanners, personal computers, and storage solutions. Despite some mixed scores in certain areas, Hewlett Packard Co continues to sell its products worldwide, catering to both business and consumer markets.

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