A share price of HashiCorp Inc [HCP] is currently trading at $34.22, up 0.32%. 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 0.29% over the last week, with a monthly amount drifted -0.18%, and not seem to be holding up well over a long-time horizon.
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 $21.50 and $34.47. Currently, Wall Street analysts expect the stock to reach $39.82 within the next 12 months. HashiCorp Inc [NASDAQ: HCP] shares were valued at $34.22 at the most recent close of the market. An investor can expect a potential return of 16.36% based on the average HCP price forecast.
Analyzing the HCP fundamentals
Trailing Twelve Months sales for HashiCorp Inc [NASDAQ:HCP] were 654.89M which represents 18.66% growth. Gross Profit Margin for this corporation currently stands at 0.82% with Operating Profit Margin at -0.27%, Pretax Profit Margin comes in at -0.18%, and Net Profit Margin reading is -0.19%. To continue investigating profitability, this company’s Return on Assets is posted at -0.07, Equity is -0.1 and Total Capital is -0.14.
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 34.09 points at the first support level, and at 33.97 for the second support level. However, for the 1st resistance point, the stock is sitting at 34.30, and for the 2nd resistance point, it is at 34.39.
Ratios To Look Out For
To put it in perspective, the Current Ratio for HashiCorp Inc [NASDAQ:HCP] is 3.66. As well, the Quick Ratio is 3.66, while the Cash Ratio is 2.25. Considering the valuation of this stock, the price to sales ratio is 10.68, the price to book ratio is 5.56.
Transactions by insiders
Recent insider trading involved Dadgar Armon, CHIEF TECHNOLOGY OFFICER, that happened on Dec 24 ’24 when 17800.0 shares were sold. Director, Armon Memaran-Dadgar completed a deal on Dec 24 ’24 to buy 17800.0 shares. Meanwhile, CEO and Chairman McJannet David sold 47526.0 shares on Dec 20 ’24.
