As of Thursday close, HashiCorp Inc.’s (NASDAQ:HCP) stock was down -$0.64, moving down -2.68 percent to $23.26. The average number of shares traded per day over the past five days has been 1,909,420 shares. 2 times new highs have been achieved over the past 5 days, with a -$1.91 fall in that time frame. In the last twenty days, the average volume was 1,932,075, while in the previous 50 days, it was 1,708,980.
Since last month, HCP stock retreated -17.11%. Shares of the company fell to $22.90 on 09/21/23, the lowest level in the past month. A 52-week high of $37.31 was reached on 02/02/23 after having rallying from a 52-week low of $21.50. Since the beginning of this year, HCP’s stock price has dropped by -14.92% or -$4.08, and marked a new high 9 times. However, the stock has declined by -37.66% since its 52-week high.
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HCP stock investors should be aware that HashiCorp Inc. (HCP) stock had its last reported insider trading activity 10 days ago on Sep 12. Sweeney Brandon, the Chief Revenue Officer of the company, disposed of 10,000 shares for $25.98 on Sep 12. It resulted in a $259,774 divestment by the insider. Dadgar Armon sold 38,000 shares at an average price of $27.95 on Sep 01. The insider now owns 1,748,000 shares following the transaction. On Aug 22, Chief Technology Officer Dadgar Armon sold 38,000 shares at $28.13 apiece. The transaction was valued at $1,069,027.
Valuation Metrics
The stock’s beta is 1.16. Besides these, the trailing price-to-sales (P/S) ratio of 8.34, the price-to-book (PB) ratio of 3.78.
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 July 30, HashiCorp Inc.’s quick ratio stood at 4.00, while its current ratio was 4.00, showing that the company is able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is 81.20% percent. In the year ended July 30, EBITDA margin amounted to -60.90%, whereas operating margins totaled -53.60%. Based on annual data, HCP earned $388.92 million in gross profit and brought in $475.89 million in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -24.70%. Return on equity (ROE) for the past 12 months was -20.10%.
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 rose 17.58% to $137.98 million during the quarter, while net income inched up to $142.91 million. While analysts expected HashiCorp Inc. to report -$0.15 quarterly earnings, the actual figure was -$0.1 per share, beating the consensus estimate by 33.30%. During the quarter, the company generated -$83.15 million in EBITDA. The liabilities of HashiCorp Inc. were 405.69 million at the end of its most recent quarter ended July 30, and its total debt was $13.84 million. The value of shareholders’ equity is $193.89 million.
Technical Picture
This quick technical analysis looks at HashiCorp Inc.’s (HCP) price momentum. With a historical volatility rate of 15.83%, the RSI 9-day stood at 15.62% on 21 September.
With respect to its five-day moving average, the current HashiCorp Inc. price is down by -7.59% percent or -$1.91. At present, HCP shares trade -19.29% below its 20-day simple moving average and -13.24% percent below its 100-day simple moving average. However, the stock is currently trading approximately -18.44% below its SMA50 and -15.26% below its SMA200.
Stochastic coefficient K was 4.84% and Stochastic coefficient D was 5.28%, while ATR was 0.92. Given the Stochastic reading of 6.31% for the 14-day period, the RSI (14) reading has been calculated as 24.84%. As of today, the MACD Oscillator reading stands at -0.99, while the 14-day reading stands at -1.68.
Analyst Ratings
HashiCorp Inc. downgraded its rating on HashiCorp Inc. (NASDAQ: HCP) to a Neutral in a note to investors on June 08, 2023. The analysts firm previously had a Buy rating on the stock.HashiCorp Inc. (HCP) has been rated Overweight by analysts. According to 0 brokerage firms, HCP is a sell, and 8 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 10 recommending it as overweight.
With a median target price of $32.50, the current consensus forecast for the stock is $26.00 – $42.00. Based on these forecasts, analysts predict HashiCorp Inc. (HCP) will achieve an average price target of $32.44.
