A Closer Look At HashiCorp Inc. (HCP)’s Financials

At the last check on Thursday, HashiCorp Inc.’s (NASDAQ:HCP) stock was up $1.61, moving up 5.47 percent to $31.03. The average number of shares traded per day over the past five days has been 1,988,067 shares. 5 times new highs have been achieved over the past 5 days, with a $2.53 gain in that time frame. In the last twenty days, the average volume was 2,260,367, while in the previous 50 days, it was 1,738,343.

Since last month, HCP stock retreated -13.57%. Shares of the company fell to $25.51 on 06/16/22, the lowest level in the past month. Since the beginning of this year, HCP’s stock price has dropped by -67.68% or -$60.04, and marked a new high 1 time. However, the stock has declined by -69.86% since its 52-week high.

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HashiCorp Inc. (HCP) last reported insider trading activity 2 days ago on Jun 21. Sweeney Brandon, the Chief Revenue Officer of the company, disposed of 26,917 shares for $28.89 on Jun 21. It resulted in a $777,753 divestment by the insider. Holmes Marc sold 3,748 shares at an average price of $28.91 on Jun 21. The insider now owns 6,372 shares following the transaction. On Jun 21, Chief Technology Officer Dadgar Armon sold 6,504 shares at $28.90 apiece. The transaction was valued at $187,934.

Valuation Metrics

The latest dividend of $0.37 per share was paid out, remained unchanged from last year’s $0.37.

Financial Health

In the three months ended January 30, HashiCorp Inc.’s quick ratio stood at 5.00, while its current ratio was 5.00, showing that the company is able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is 80.20% percent. In the year ended January 30, operating margins totaled -99.30%. Based on annual data, HCP earned $257.33 million in gross profit and brought in $320.77 million in revenue.

According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. HCP’s revenue fell -332.26% to $531.69 million during the quarter, while net income inched up to $100.9 million. While analysts expected HashiCorp Inc. to report -$0.25 quarterly earnings, the actual figure was -$0.24 per share, beating the consensus estimate by 4.00%. During the quarter, the company generated -$77.54 million in EBITDA. The liabilities of HashiCorp Inc. were 328.77 million at the end of its most recent quarter ended January 30, and its total debt was $18.61 million. The value of shareholders’ equity is $184.38 million.

Technical Picture

This quick technical analysis looks at HashiCorp Inc.’s (HCP) price momentum. With a historical volatility rate of 78.65%, the RSI 9-day stood at 49.59% on 22 June.

With respect to its five-day moving average, the current HashiCorp Inc. price is up by +8.89% percent or $2.53. At present, HCP shares trade +0.13% above its 20-day simple moving average and -50.80% percent below its 100-day simple moving average. However, the stock is currently trading approximately -42.38% below its SMA50.

Stochastic coefficient K was 29.47% and Stochastic coefficient D was 20.86%, while ATR was 3.55. Given the Stochastic reading of 42.17% for the 14-day period, the RSI (14) reading has been calculated as 46.08%. As of today, the MACD Oscillator reading stands at 1.31, while the 14-day reading stands at -0.70.

Analyst Ratings

Piper Sandler launched its rating on HashiCorp Inc. (NASDAQ: HCP) to a Neutral in a note to investors on April 12, 2022. HashiCorp Inc. (HCP) has been rated Overweight by analysts. According to 0 brokerage firms, HCP is a sell, and 6 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate HashiCorp Inc. stock as buy, with 7 recommending it as overweight.

With a median target price of $48.00, the current consensus forecast for the stock is $45.00 – $70.00. Based on these forecasts, analysts predict HashiCorp Inc. (HCP) will achieve an average price target of $50.64.


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