HashiCorp Inc [HCP] stock prices are up 0.12% to $33.97 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 0.27% over the last week, with a monthly amount glided 0.38%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Previously, BTIG Research downgraded its rating to Neutral on April 24, 2024. On March 19, 2024, KeyBanc Capital Markets initiated with a Sector Weight rating. Scotiabank upgraded its rating to a Sector Outperform but stick to its price target of $31 on March 12, 2024. Morgan Stanley upgraded its rating to a Overweight and raised its price target to $30 on February 26, 2024. Needham reiterated a Buy rating for this stock on December 08, 2023, and downed its price target to $27. In a note dated December 08, 2023, TD Cowen downgraded an Market Perform rating on this stock and revised its target price from $28 to $23.
The stock price of HashiCorp Inc [HCP] has been fluctuating between $18.91 and $34.06 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 $33.97 at the most recent close of the market. An investor can expect a potential return of 17.22% based on the average HCP price forecast.
Analyzing the HCP fundamentals
The HashiCorp Inc [NASDAQ:HCP] reported sales of 627.62M for trailing twelve months, representing a surge of 15.28%. Gross Profit Margin for this corporation currently stands at 0.82% with Operating Profit Margin at -0.32%, Pretax Profit Margin comes in at -0.23%, and Net Profit Margin reading is -0.24%. To continue investigating profitability, this company’s Return on Assets is posted at -0.09, Equity is -0.12 and Total Capital is -0.16. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at -0.02.
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 33.91 points at the first support level, and at 33.86 for the second support level. However, for the 1st resistance point, the stock is sitting at 34.01, and for the 2nd resistance point, it is at 34.06.
Ratios To Look Out For
It’s worth pointing out that HashiCorp Inc [NASDAQ:HCP]’s Current Ratio is 3.59. As well, the Quick Ratio is 3.59, while the Cash Ratio is 1.93. Considering the valuation of this stock, the price to sales ratio is 10.98, the price to book ratio is 5.58.
Transactions by insiders
Recent insider trading involved Dadgar Armon, CHIEF TECHNOLOGY OFFICER, that happened on Oct 02 ’24 when 35904.0 shares were sold. CHIEF MARKETING OFFICER, Holmes Marc completed a deal on Sep 24 ’24 to sell 13782.0 shares. Meanwhile, CHIEF TECHNOLOGY OFFICER Dadgar Armon sold 35904.0 shares on Sep 23 ’24.
