HashiCorp Inc [HCP] stock is trading at $33.60, down -0.09%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The HCP shares have lost -0.33% over the last week, with a monthly amount glided 2.03%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
HashiCorp Inc [NASDAQ: HCP] stock has seen the most recent analyst activity on April 24, 2024, when BTIG Research downgraded its rating to a Neutral. On March 12, 2024, upgrade upgraded it’s rating to Sector Outperform but maintained its price target of $31 on the stock. Morgan Stanley upgraded its rating to a Overweight and increased its price target to $30 on February 26, 2024. Needham reiterated its recommendation of a Buy and reduced its price target to $27 on December 08, 2023. TD Cowen downgraded its rating to Market Perform for this stock on December 08, 2023, and downed its price target to $23. In a note dated June 08, 2023, BofA Securities downgraded an Neutral rating on this stock.
HashiCorp Inc [HCP] stock has fluctuated between $18.91 and $34.05 over the past year. Currently, Wall Street analysts expect the stock to reach $39.82 within the next 12 months. HashiCorp Inc [NASDAQ: HCP] shares were valued at $33.60 at the most recent close of the market. An investor can expect a potential return of 18.51% based on the average HCP price forecast.
Analyzing the HCP fundamentals
HashiCorp Inc [NASDAQ:HCP] reported sales of 605.73M for the trailing twelve months, which represents a growth of 16.38%. Gross Profit Margin for this corporation currently stands at 0.82% with Operating Profit Margin at -0.4%, Pretax Profit Margin comes in at -0.31%, and Net Profit Margin reading is -0.31%. To continue investigating profitability, this company’s Return on Assets is posted at -0.11, Equity is -0.16 and Total Capital is -0.19. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.0.
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 33.53 points at the first support level, and at 33.47 for the second support level. However, for the 1st resistance point, the stock is sitting at 33.66, and for the 2nd resistance point, it is at 33.73.
Ratios To Look Out For
For context, HashiCorp Inc’s Current Ratio is 3.61. As well, the Quick Ratio is 3.61, while the Cash Ratio is 1.48. Considering the valuation of this stock, the price to sales ratio is 11.58, the price to book ratio is 5.57.
Transactions by insiders
Recent insider trading involved Holmes Marc, CHIEF MARKETING OFFICER, that happened on Jun 10 ’24 when 13916.0 shares were sold. CHIEF TECHNOLOGY OFFICER, Dadgar Armon completed a deal on Jun 03 ’24 to sell 35904.0 shares. Meanwhile, CHIEF TECHNOLOGY OFFICER Dadgar Armon sold 35904.0 shares on May 22 ’24.
