Time for Investors to Take the Plunge on HP Inc. (NYSE:HPQ)

Equity Research firms currently have a positive stance on shares of HP Inc. (NYSE:HPQ). The majority of analysts covering the equity have either a Buy or Strong Buy recommendation on the stock, yielding a consensus score of 2.40. This is based on the research brokerage reports taken into consideration by Thomson Reuters. Those same analysts are projecting that the stock will reach $15.69 on a short term basis.

At the time of writing, the stock was trading at $15.35. This represents a change from the opening price of -2.26%. In terms of performance, year to date, the stock is 36.10%. The monthly stock performance comes in at 8.89%. For the quarter, shares are performing at 27.74%. Weekly performance analysis shows the equity at 4.19%.

In taking a look at technical levels, shares are trading 6.33% away from the 50 day simple moving average and 24.96% away from the 200 day simple moving average. Based on a recent bid, the stock is trading -2.45% away from it’s 52- week high and 77.33% away from its 52 week low. After the recent moves, investors may also look to see if the stock has entered oversold or overbought territory and could be ripe for a bounce. As of writing, HP Inc.’s RSI stands at 62.16. In looking at volatility levels, the shares saw weekly volatility of 2.01% and 2.06% over the past month.

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