A share price of HashiCorp Inc [HCP] is currently trading at $33.49, up 0.15%. An important factor to consider is whether the stock is rising or falling in short-term value. The HCP shares have lost -0.21% over the last week, with a monthly amount glided 0.30%, 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 experienced fluctuations in its stock price throughout the past year between $18.91 and $34.05. Currently, Wall Street analysts expect the stock to reach $39.82 within the next 12 months. HashiCorp Inc [NASDAQ: HCP] shares were valued at $33.49 at the most recent close of the market. An investor can expect a potential return of 18.9% based on the average HCP price forecast.
Analyzing the HCP fundamentals
Trailing Twelve Months sales for HashiCorp Inc [NASDAQ:HCP] were 605.73M which represents 16.38% growth. 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. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.0.
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 33.40 points at the first support level, and at 33.30 for the second support level. However, for the 1st resistance point, the stock is sitting at 33.54, and for the 2nd resistance point, it is at 33.59.
Ratios To Look Out For
To put it in perspective, the Current Ratio for HashiCorp Inc [NASDAQ:HCP] is 3.61. On the other hand, the Quick Ratio is 3.61, and the Cash Ratio is 1.48. Considering the valuation of this stock, the price to sales ratio is 11.54, the price to book ratio is 5.56.
Transactions by insiders
Recent insider trading involved St. Ledger Susan, President, Worldwide Field Ops, that happened on Jun 25 ’24 when 3264.0 shares were sold. CHIEF TECHNOLOGY OFFICER, Dadgar Armon completed a deal on Jun 24 ’24 to sell 21137.0 shares. Meanwhile, CHIEF FINANCIAL OFFICER Welihinda Navam sold 17397.0 shares on Jun 24 ’24.
