A share price of HashiCorp Inc [HCP] is currently trading at $33.69, down -0.35%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The HCP shares have lost -0.21% over the last week, with a monthly amount drifted -0.41%, and not 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.
HashiCorp Inc experienced fluctuations in its stock price throughout the past year between $18.91 and $34.06. Currently, Wall Street analysts expect the stock to reach $39.82 within the next 12 months. HashiCorp Inc [NASDAQ: HCP] shares were valued at $33.69 at the most recent close of the market. An investor can expect a potential return of 18.2% based on the average HCP price forecast.
Analyzing the HCP fundamentals
Trailing Twelve Months sales for HashiCorp Inc [NASDAQ:HCP] were 627.62M which represents 15.28% growth. 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. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of-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 33.63 points at the first support level, and at 33.58 for the second support level. However, for the 1st resistance point, the stock is sitting at 33.80, and for the 2nd resistance point, it is at 33.92.
Ratios To Look Out For
To put it in perspective, the Current Ratio for HashiCorp Inc [NASDAQ:HCP] is 3.59. Further, the Quick Ratio stands at 3.59, while the Cash Ratio is 1.93. Considering the valuation of this stock, the price to sales ratio is 10.89, the price to book ratio is 5.54.
Transactions by insiders
Recent insider trading involved Dadgar Armon, CHIEF TECHNOLOGY OFFICER, that happened on Oct 22 ’24 when 35904.0 shares were sold. CHIEF TECHNOLOGY OFFICER, Dadgar Armon completed a deal on Oct 02 ’24 to sell 35904.0 shares. Meanwhile, CHIEF MARKETING OFFICER Holmes Marc sold 13782.0 shares on Sep 24 ’24.
