HPQ
HP Inc. Technology - Computer Hardware Investor Relations →
HP Inc. (HPQ) closed at $20.83 as of 2026-05-01, trading 21.8% below its 200-week moving average of $26.63. This places HPQ in the extreme value zone. The stock moved further from the line this week, up from -25.8% last week. The 14-week RSI sits at 60, indicating neutral momentum.
Trading volume is running at 0.8x of its 14-week average, which is in the normal range. The balance between buying and selling volume (1.10 ratio) is neutral — neither side is clearly dominating.
Over the past 3308 weeks of data, HPQ has crossed below its 200-week moving average 38 times. On average, these episodes lasted 24 weeks. Historically, investors who bought HPQ at the start of these episodes saw an average one-year return of +29.1%.
With a market cap of $19.1 billion, HPQ is a large-cap stock. The company generates a free cash flow yield of 14.8%, which is notably high. The stock trades at -24.9x book value.
The company has been aggressively buying back shares, reducing its share count by 6.0% over the past three years.
Over the past 33.3 years, a hypothetical investment of $100 in HPQ would have grown to $1256, compared to $2973 for the S&P 500. HPQ has returned 7.9% annualized vs 10.7% for the index, underperforming the broader market over this period.
Free cash flow has been declining at a -8.9% compound annual rate. A deteriorating cash flow trend warrants extra scrutiny — the stock may be cheap for a reason.
Business Health
Annual financials — how the underlying business has performed over the past several years.
Cash Flow Free cash flow & net income ($M)
Revenue Annual revenue ($M) — business growth proxy
Total Debt Balance sheet debt ($M)
ROIC Return on invested capital (%)
FCF Yield Free cash flow / market cap (%) — Yartseva signal
Gross Margin Pricing power & competitive moat (%)
Shares Outstanding Buybacks vs dilution (millions)
Growth of $100: HPQ vs S&P 500
Monthly data normalized to $100 at start. Vertical dashed lines mark 200-week MA touches.
What Happens After HPQ Crosses Below the Line?
Across 19 historical episodes, buying HPQ when it crossed below its 200-week moving average produced an average return of +21.4% after 12 months (median +30.0%), compared to +18.4% for the S&P 500 over the same periods. 62% of those episodes were profitable after one year. After 24 months, the average return was +32.5% vs +28.2% for the index.
Each line shows $100 invested at the moment HPQ crossed below its 200-week MA. Bold blue = stock average. Gray dashed = S&P 500 average over same periods.
Historical Touches
HPQ has crossed below its 200-week MA 38 times with an average 1-year return of +29.1% after recovery.
| Crossed Below | Recovered | Weeks | Max Depth | 1-Year Return | Return Since Touch |
|---|---|---|---|---|---|
| Dec 1962 | Dec 1964 | 105 | 25.3% | -17.1% | +77520.0% |
| May 1970 | Mar 1971 | 43 | 48.2% | +16.0% | +26404.3% |
| May 1971 | May 1971 | 1 | 0.6% | +49.6% | +23654.7% |
| Jul 1971 | Aug 1971 | 2 | 1.7% | +86.2% | +23500.4% |
| Nov 1971 | Nov 1971 | 3 | 1.6% | +108.8% | +23443.2% |
| Sep 1974 | Oct 1974 | 4 | 7.9% | +46.6% | +13050.3% |
| Nov 1974 | Jan 1975 | 12 | 15.8% | +65.5% | +13301.6% |
| Aug 1976 | Aug 1976 | 1 | 0.3% | -10.6% | +9082.4% |
| Oct 1976 | Nov 1976 | 5 | 9.2% | -12.1% | +9406.3% |
| Dec 1976 | Jul 1978 | 84 | 26.7% | -15.7% | +9406.3% |
| Aug 1978 | Aug 1978 | 1 | 0.6% | +31.5% | +9254.6% |
| Oct 1978 | Dec 1978 | 9 | 12.4% | +30.5% | +9624.3% |
| Jan 1979 | Mar 1979 | 5 | 3.8% | +59.7% | +9061.4% |
| Apr 1985 | May 1985 | 1 | 0.2% | +36.3% | +2865.2% |
| Sep 1985 | Nov 1985 | 10 | 13.6% | +36.5% | +2815.4% |
| Sep 1986 | Oct 1986 | 4 | 0.9% | +83.3% | +2413.3% |
| Aug 1988 | Aug 1988 | 1 | 2.0% | +14.9% | +1999.7% |
| Nov 1988 | Nov 1988 | 3 | 0.6% | -6.9% | +1929.2% |
| Sep 1989 | Mar 1991 | 78 | 47.5% | -32.7% | +1764.9% |
| Apr 1991 | May 1991 | 3 | 5.0% | +74.5% | +1894.3% |
| Sep 1991 | Sep 1991 | 1 | 1.0% | +22.4% | +1842.4% |
| Sep 1991 | Oct 1991 | 2 | 1.8% | +14.7% | +1857.9% |
| Nov 2000 | Jan 2001 | 7 | 6.8% | -30.8% | +154.0% |
| Feb 2001 | Nov 2004 | 196 | 63.8% | -37.7% | +146.2% |
| Jan 2005 | Jan 2005 | 1 | 0.6% | +63.9% | +295.2% |
| Oct 2008 | Jul 2009 | 38 | 28.9% | +51.1% | +127.6% |
| Jun 2010 | Jul 2010 | 1 | 0.8% | -12.6% | +70.1% |
| Aug 2010 | Jan 2011 | 21 | 12.5% | -19.4% | +80.0% |
| Feb 2011 | Jan 2014 | 151 | 64.1% | -36.6% | +69.9% |
| Sep 2015 | Sep 2015 | 1 | 3.9% | +38.2% | +162.1% |
| Dec 2015 | Mar 2016 | 13 | 20.1% | +34.6% | +156.0% |
| May 2016 | May 2016 | 3 | 2.9% | +68.8% | +151.4% |
| Sep 2019 | Oct 2019 | 4 | 7.9% | +19.0% | +57.7% |
| Mar 2020 | Aug 2020 | 24 | 24.4% | +82.8% | +51.5% |
| Sep 2020 | Sep 2020 | 1 | 2.1% | +56.7% | +38.2% |
| Oct 2020 | Nov 2020 | 1 | 4.6% | +73.6% | +40.9% |
| Sep 2023 | Oct 2023 | 5 | 1.6% | +42.6% | -10.3% |
| Mar 2025 | Ongoing | 60+ | 32.8% | Ongoing | -22.2% |
| Average | 24 | — | +29.1% | — |
Frequently Asked Questions
Is HPQ below its 200-week moving average?
Yes. As of 2026-05-01, HP Inc. (HPQ) is trading 21.8% below its 200-week moving average of $26.63. The current price is $20.83.
What is HPQ's 200-week moving average price?
HP Inc.'s 200-week moving average is $26.63 as of 2026-05-01. This is the average weekly closing price over roughly the last 4 years, and it acts as a long-term trend line. When a stock drops below this level, it can signal that the price has fallen far enough from the long-term trend to attract value-oriented investors.
What happens when HPQ drops below its 200-week moving average?
HPQ has crossed below its 200-week moving average 38 times in our data. On average, buying at that moment produced a one-year return of +29.1%. These dips have historically been decent entry points. These episodes lasted 24 weeks on average.
Is HPQ a good value right now?
Here's what our data says about HPQ as of 2026-05-01: The stock is below its 200-week moving average, which is the starting point for our analysis. The 14-week RSI is 60. Free cash flow yield is 14.8%. Price-to-book is -24.9x. This is not a buy or sell recommendation — always do your own research.
How does HPQ compare to the S&P 500?
Over the past 33.3 years, $100 invested in HPQ would have grown to $1256, compared to $2973 for the S&P 500. That's 7.9% annualized vs 10.7% for the index. HPQ has underperformed the broader market over this period.
Does HPQ pay a dividend?
Yes. HP Inc. currently pays a dividend yield of 576.00%.
Not financial advice. This is an educational tool. Past performance does not guarantee future results. Do your own research before making investment decisions.
Data as of week of 2026-05-01