HashiCorp Inc. (NASDAQ:HCP) finished Thursday with an addition of $0.96 to close at $28.94, an upside of 3.43 percent. An average of 1,082,527 shares of common stock have been traded in the last five days. There was a fall of -$0.24 in the past week, and it reached a new high 1 time over the past 12 months. The last 20 days have seen an average of 1,542,907 shares traded, while the 50-day average volume stands at 2,546,921.
HCP stock has increased by 1.15% in the last month. The company shares reached their 1-month lowest point of $27.07 on 07/12/23. With the stock rallying to its 52-week high on 02/02/23, shares of the company touched a low of $21.50 and a high of $44.34 in 52 weeks. It has reached a new high 9 times so far this year and achieved 5.85% or $1.66 in price. In spite of this, the price is down -34.73% from the 52-week high.
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Insider Transactions
HCP stock investors should be aware that HashiCorp Inc. (HCP) stock had its last reported insider trading activity 10 days ago on Aug 01. In this transaction, the insider spent $1,113,275. Director, Zarmi Sigal, disposed of 4,050 shares at a price of $30.00 on Jul 31. The insider now owns more than $121,500 worth of shares. Prior to that, Chief Technology Officer Dadgar Armon went on to Sale 38,000 shares at $27.61 each on Jul 24. An amount of $1,049,165 was transacted.
Valuation Metrics
HashiCorp Inc. (HCP) stock’s beta is 1.13. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 10.55, the price-to-book (PB) ratio at 4.62.
Financial Health
The quick ratio of HashiCorp Inc. for the three months ended April 29 was 4.20, and the current ratio was 4.20, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.00 and a total debt to equity ratio of 0.00 for the quarter ending April 29. HashiCorp Inc.’s EBITDA margin for the year ending April 29 is -60.90%, while its operating margin for the same period stands at -55.90%. Its gross profit as reported stood at $388.92 million compared to revenue of $475.89 million.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, HashiCorp Inc.’s return on assets was -15.80%.
Earnings Surprise
For the three-month period that ended April 29, HashiCorp Inc. had $322.4 million in cash. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of -$53.26 million in the quarter, while revenues of -$49.36 million were shrunk -46.86%. The analyst consensus anticipated HashiCorp Inc.’s latest quarter earnings to come in at -$0.14 per share, but it turned out to be -$0.07, a 50.00% surprise. For the quarter, EBITDA amounted to -$67.57 million. Shareholders own equity worth $191.88 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at HashiCorp Inc. (HCP) price momentum. RSI 9-day as of the close on 10 August was 53.41%, suggesting the stock is Neutral, with historical volatility in this time frame at 43.16%.
As of today, HCP’s price is $28.82 -0.84% or -$0.24 from its 5-day moving average. HCP is currently trading +4.37% higher than its 20-day SMA and -1.31% lower than its 100-day SMA. However, the stock’s current price level is -15.56% below the SMA50 and -6.23% below the SMA200.
The stochastic %K and %D were 38.42% and 46.28%, respectively, and the average true range (ATR) was 1.28. With the 14-day stochastic at 49.62% and the average true range at 1.29, the RSI (14) stands at 52.59%. The stock has reached -0.34 on the 9-day MACD Oscillator while the 14-day reading was at -0.42.
Analyst Ratings
BofA Securities downgraded HashiCorp Inc. (NASDAQ: HCP) to a a Neutral rating in its most recent analyst report. Previously, the stock was rated as a Buy. The consensus rating for HashiCorp Inc. (HCP) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell HCP, while 8 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 11 others rate it as a “buy”.
What is HCP’s price target for the next 12 months?
Analysts predict a range of price targets between $26.00 and $42.00, with a median target of $31.00. Taking a look at these predictions, the average price target given by analysts for HashiCorp Inc. (HCP) stock is $31.94.
