HashiCorp Inc [HCP] stock prices are up 2.42% to $24.55 at the moment. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The HCP shares have gain 4.78% over the last week, with a monthly amount drifted -9.44%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Previously, Scotiabank upgraded its rating to Sector Outperform on March 12, 2024, and kept the price target unchanged to $31. On February 26, 2024, upgrade upgraded it’s rating to Overweight and revised its price target to $30 on the stock. Needham reiterated its Buy rating and decreased its price target to $27 on December 08, 2023. TD Cowen downgraded its rating to a Market Perform and reduced its price target to $23 on December 08, 2023. BofA Securities downgraded its rating to Neutral for this stock on June 08, 2023. In a note dated March 23, 2023, BTIG Research initiated an Buy rating and provided a target price of $37 on this stock.
The stock price of HashiCorp Inc [HCP] has been fluctuating between $18.91 and $36.39 over the past year. Currently, Wall Street analysts expect the stock to reach $40.7 within the next 12 months. HashiCorp Inc [NASDAQ: HCP] shares were valued at $24.55 at the most recent close of the market. An investor can expect a potential return of 65.78% based on the average HCP price forecast.
Analyzing the HCP fundamentals
The HashiCorp Inc [NASDAQ:HCP] reported sales of 583.14M for trailing twelve months, representing a surge of 14.73%. Gross Profit Margin for this corporation currently stands at 0.82% with Operating Profit Margin at -0.44%, Pretax Profit Margin comes in at -0.33%, and Net Profit Margin reading is -0.33%. To continue investigating profitability, this company’s Return on Assets is posted at -0.11, Equity is -0.16 and Total Capital is -0.2. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.01.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 24.11 points at the first support level, and at 23.66 for the second support level. However, for the 1st resistance point, the stock is sitting at 24.80, and for the 2nd resistance point, it is at 25.04.
Ratios To Look Out For
It’s worth pointing out that HashiCorp Inc [NASDAQ:HCP]’s Current Ratio is 3.38. As well, the Quick Ratio is 3.38, while the Cash Ratio is 1.73. Considering the valuation of this stock, the price to sales ratio is 8.44, the price to book ratio is 4.03.
Transactions by insiders
Recent insider trading involved Holmes Marc, CHIEF MARKETING OFFICER, that happened on Apr 10 ’24 when 13916.0 shares were sold. CHIEF TECHNOLOGY OFFICER, Dadgar Armon completed a deal on Apr 02 ’24 to sell 35904.0 shares. Meanwhile, CHIEF TECHNOLOGY OFFICER Dadgar Armon sold 35904.0 shares on Mar 22 ’24.
