The price of Hewlett Packard Enterprise Co (NYSE:HPE) shares last traded on Wall Street rose 0.17% to $17.34.
HPE stock price is now -13.62% away from the 50-day moving average and -0.50% away from the 200-day moving average. The market capitalization of the company currently stands at $22.54B.
Top 5 Artificial Intelligence Stocks to Buy for 2024
By now, you're well aware of the artificial intelligence boom. You know Big Tech has been investing billions of dollars into it.
According to Next Move Strategy Consulting, the AI market – currently valued at about $100 billion – cold grow twenty-fold by 2030 to more than $2 trillion. That means you may want to strongly consider these top AI stocks. Get our free report, "Top 5 AI Stocks to Buy in 2024."
Click here to automatically get the our FREE Report & Special Offer "5 Best AI Stocks to Invest In"
Sponsored
On March 01, 2024, Wells Fargo Downgraded its previous ‘Overweight’ rating to ‘Equal Weight’ on the stock reducing its target price from $21 to quote $17, while ‘Bernstein’ rates the stock as ‘Mkt Perform’
In other news, Gold Gerri, EVP, Pres & CEO Financial Serv sold 22,784 shares of the company’s stock on Jun 14 ’24. The stock was sold for $493,816 at an average price of $21.67. Upon completion of the transaction, the EVP, Pres & CEO Financial Serv now directly owns 57,081 shares in the company, valued at $0.99 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 11 ’24, EVP, GM of Compute HPC AI MacDonald Neil B sold 36,671 shares of the business’s stock. A total of $752,011 was realized by selling the stock at an average price of $20.51. This leaves the insider owning 111,054 shares of the company worth $1.93 million. A total of 0.41% of the company’s stock is owned by insiders.
During the past 12 months, Hewlett Packard Enterprise Co has had a low of $14.47 and a high of $22.82. As of last week, the company has a debt-to-equity ratio of 0.52, a current ratio of 0.90, and a quick ratio of 0.59. According to the stock market information, the enterprise value for the company is $31842334720, which is based on a 12.64 price-to-earnings ratio, a 3.42 price-to-earnings-growth ratio, and a beta of 1.23. The fifty day moving average price for HPE is $20.057 and a two-hundred day moving average price translates $17.4371 for the stock.
The latest earnings results from Hewlett Packard Enterprise Co (NYSE: HPE) was released for 2024-04-30. The net profit margin was 6.39% and return on equity was 8.60% for HPE. The company reported revenue of $7.2 billion for the quarter, compared to $6.97 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 3.31 percent.
