HPQ Silicon (CVE:HPQ) Shares Up 2.2% - Should You Buy?

On Friday, shares of HPQ Silicon Inc. (CVE:HPQ) experienced a 2.2% increase. The stock reached a high of C$0.24 during the trading session before closing at C$0.24. Approximately 189,560 shares exchanged hands, which is a 13% drop from the average daily trading volume of 218,186 shares. The previous day's close was at C$0.23.

HPQ Silicon Stock Performance

The market capitalization for HPQ Silicon is C$88.29 million, with a price-to-earnings (P/E) ratio of -5.88 and a beta of 2.14, indicating higher volatility compared to the market. The stock's 50-day moving average is C$0.24, while the 200-day moving average stands at C$0.30. Additionally, the company has a debt-to-equity ratio of 17.30, alongside a current ratio of 0.30 and a quick ratio of 0.71.

HPQ Silicon Company Profile

HPQ Silicon Inc., along with its subsidiaries, provides silica and silicon-based solutions within Canada. The company is focused on developing a portfolio of silicon and silica products specifically targeted at battery and electric vehicle manufacturers, as well as hydrogen applications and carbon particles for capacitor uses.

Investment Considerations

Before making an investment decision regarding HPQ Silicon, it’s important to consider various factors. Market analysts currently give HPQ Silicon a "Hold" rating. Moreover, top-rated analysts have identified five alternative stocks that they believe are more attractive investment options at this time. Interested investors should research these alternatives carefully.

Conclusion

If you’re contemplating investing in HPQ Silicon, it’s crucial to stay informed about the company’s stock performance and market outlook. Thorough analysis is recommended to determine if HPQ is suitable for your investment portfolio at this time.

HPQ, Silicon, Stocks