The stock of HashiCorp Inc. (NASDAQ:HCP) increased by $0.57 on Tuesday to finish at $28.69, up 2.03 percent. The last five days have seen an average of 1,545,600 shares of common stock traded. 9 times new highs were reached in the current year, with a gain of $1.35. The average number of shares traded over the last 20 days was 1,425,995, while the average volume over the last 50 days totaled 1,903,516.
HCP stock dropped -3.11% since last month. On 08/18/23, the company’s shares reached a one-month low of $26.47. The stock touched a high of $38.82 on 02/02/23, after rallying from a low of $21.50 in 52 weeks. The price of HCP stock has risen by 4.94% or $1.35 this year, reaching a new high 9 times. Still, the stock price is down -26.09% from the 52-week high.
Insider Transactions
HCP stock investors should be aware that HashiCorp Inc. (HCP) stock had its last reported insider trading activity 8 days ago on Aug 22. On Aug 22, Chief Technology Officer Dadgar Armon sold 38,000 shares at $28.13 each. This transaction resulted in the insider making $1,069,027. On Aug 01, Dadgar Armon sold 38,000 shares at a price of US$29.30. After the transaction, the insider now owns 1,824,000 shares. Director Zarmi Sigal had earlier sold 4,050 shares on Jul 31 for $30.00 a share. The transaction was completed for $121,500.
Valuation Metrics
Beta for the stock is 1.12. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 10.51, the price-to-book (PB) ratio of 4.58.
Company paid $0.37 per share in dividends, remained unchanged from $0.37 last year.
Financial Health
For the three months ended April 29, HashiCorp Inc.’s quick ratio was 4.20, while its current ratio was 4.20, indicating its ability to pay off its debt. As far as profitability goes, gross margin for the trailing twelve months is 81.60% percent. HashiCorp Inc.’s EBITDA margin for the year ended April 29 was -60.90%, whereas its operating margin stood at -55.90% for the same period. Based on annual data, it had gross profit of $388.92 million and revenue of $475.89 million.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. HCP’s return on assets (ROA) during the last 12 months has been -15.80%. There was a -24.70% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was -20.60%.
Earnings Surprise
According to HashiCorp Inc.’s quarterly financial report for the quarter that ended April 29. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $137.98 million, while revenues rose by 26.87% to $135.79 million. It was predicted that HashiCorp Inc.’s quarterly earnings would be -$0.07, but it ended up being -$0.14. EBITDA was -$67.57 million for the quarter. At the end of HashiCorp Inc.’s most recent quarter ended April 29, its liabilities totaled 389.05 million, while its total debt was $14.67 million. Equity owned by shareholders amounts to $191.88 million.
Technical Picture
Here’s a quick look at HashiCorp Inc.’s (HCP) price momentum from a technical perspective. As of 29 August, the RSI 9-day stood at 52.53%, suggesting the stock is Neutral, with a 34.49% historical volatility rate.
The stochastic %K and %D were 70.38% and 65.71% respectively, while the average true range (ATR) was 1.14. Based on the 14-day stochastic reading of 74.04%, the RSI (14) reading is 51.54%. On the 9-day MACD Oscillator, the stock is at 0.33, and the 14-day reading is at 0.18.
Analyst Ratings
HashiCorp Inc. (NASDAQ: HCP) was downgraded by BofA Securities to a a Neutral rating in its latest research report. The stock was previously rated as a a Buy. Analysts have assigned HashiCorp Inc. (HCP) an Overweight rating. HCP is a stock that is recommended for selling by 0 brokerage firms, while 8 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 11 others recommend it as a buy.
What is HCP’s price target for the next 12 months?
The current consensus forecast for the stock is between $26.00 and $42.00, with a median target price of $31.00. In analyzing these forecasts, the average price target given by analysts for HashiCorp Inc. (HCP) is $31.94.
