HashiCorp Inc [HCP] Is Currently -2.09 below its 200 Period Moving Avg: What Does This Mean?

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HashiCorp Inc [NASDAQ: HCP] traded at a low on 11/02/23, posting a -2.09 loss after which it closed the day’ session at $19.20. The company report on October 11, 2023 at 11:45 AM that HashiCorp customers improve cloud maturity to deliver business value.

The Home Depot, Unity, BlackRock, PagerDuty, Indeed, and Wayfair join HashiConf to discuss how they drive developer productivity, reduce costs, and strengthen security for cloud.

The results of the trading session contributed to over 3085281 shares changing hands. Over the past one week, the price volatility of HashiCorp Inc stands at 3.24% while the volatility over the past one month is 3.80%.

The market cap for HCP stock reached $3.72 billion, with 193.65 million shares outstanding and 100.72 million shares in the current float. Compared to the average trading volume of 1.78M shares, HCP reached a trading volume of 3085281 in the most recent trading day, which is why market watchdogs consider the stock to be active.

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What do top market gurus say about HashiCorp Inc [HCP]?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for HCP shares is $31.75 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on HCP stock is a recommendation set at 1.89. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

BofA Securities have made an estimate for HashiCorp Inc shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on June 08, 2023.

The Average True Range (ATR) for HashiCorp Inc is set at 0.82, with the Price to Sales ratio for HCP stock in the period of the last 12 months amounting to 6.86. The Price to Book ratio for the last quarter was 3.14, with the Price to Cash per share for the same quarter was set at 6.42.

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How has HCP stock performed recently?

HashiCorp Inc [HCP] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -3.13. With this latest performance, HCP shares dropped by -15.94% in over the last four-week period, additionally sinking by -32.94% over the last 6 months – not to mention a drop of -36.59% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for HCP stock in for the last two-week period is set at 28.72, with the RSI for the last a single of trading hit 26.95, and the three-weeks RSI is set at 30.57 for HashiCorp Inc [HCP]. The present Moving Average for the last 50 days of trading for this stock 23.52, while it was recorded at 19.55 for the last single week of trading, and 27.94 for the last 200 days.

HashiCorp Inc [HCP]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and HashiCorp Inc [HCP] shares currently have an operating margin of -62.47 and a Gross Margin at +80.16. HashiCorp Inc’s Net Margin is presently recorded at -57.64.

Return on Total Capital for HCP is now -23.58, given the latest momentum, and Return on Invested Capital for the company is -21.81. Return on Equity for this stock declined to -22.05, with Return on Assets sitting at -16.87. When it comes to the capital structure of this company, HashiCorp Inc [HCP] has a Total Debt to Total Equity ratio set at 1.28. Additionally, HCP Total Debt to Total Capital is recorded at 1.27, with Total Debt to Total Assets ending up at 0.95. Long-Term Debt to Equity for the company is recorded at 1.00, with the Long-Term Debt to Total Capital now at 0.99.

Reflecting on the efficiency of the workforce at the company, HashiCorp Inc [HCP] managed to generate an average of -$114,291 per employee. Receivables Turnover for the company is 3.29 with a Total Asset Turnover recorded at a value of 0.29.HashiCorp Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 3.86 and a Current Ratio set at 3.86.

Insider trade positions for HashiCorp Inc [HCP]

The top three institutional holders of HCP stocks are: VANGUARD GROUP INC with ownership of 1.3 billion shares, which is approximately 8.2579%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $201.66 billion in HCP stocks shares; and BERKSHIRE HATHAWAY INC, currently with $177.59 billion in HCP stock with ownership which is approximately 5.7994%.

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