HashiCorp Inc [NASDAQ: HCP] loss -5.78% or -1.47 points to close at $23.96 with a heavy trading volume of 5407377 shares. The company report on March 5, 2024 at 4:05 PM that HashiCorp Announces Fourth Quarter and Fiscal Year 2024 Financial Results.
Fourth quarter revenue totaled $155.8 million, representing an increase of 15% year-over-year; fiscal 2024 revenue totaled $583.1 million, representing an increase of 23% year-over-year.
Trailing four quarter average Net Dollar Retention Rate was 115% at the end of the fourth quarter of fiscal 2024 and 131% at the end of fourth quarter of fiscal 2023.
The daily chart for HCP points out that the company has recorded -13.35% loss over the past six months.
If we look at the average trading volume of 2.80M shares, HCP reached to a volume of 5407377 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying 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 $26.27 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 1.94. 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.
Morgan Stanley have made an estimate for HashiCorp Inc shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on February 26, 2024. While these analysts kept the previous recommendation, Needham dropped their target price from $36 to $27. The new note on the price target was released on December 08, 2023, representing the official price target for HashiCorp Inc stock. Previously, the target price had yet another drop from $28 to $23, while TD Cowen kept a Market Perform rating on HCP stock.
The Average True Range (ATR) for HashiCorp Inc is set at 1.17, with the Price to Sales ratio for HCP stock in the period of the last 12 months amounting to 8.32. The Price to Book ratio for the last quarter was 3.93, with the Price to Cash per share for the same quarter was set at 6.42.
Trading performance analysis for HCP stock
HashiCorp Inc [HCP] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -7.95. With this latest performance, HCP shares gained by 3.14% in over the last four-week period, additionally sinking by -13.35% over the last 6 months – not to mention a drop of -24.30% 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 49.77, with the RSI for the last a single of trading hit 46.46, and the three-weeks RSI is set at 51.08 for HashiCorp Inc [HCP]. The present Moving Average for the last 50 days of trading for this stock 23.28, while it was recorded at 25.58 for the last single week of trading, and 25.00 for the last 200 days.
HashiCorp Inc [HCP]: A deeper dive into fundamental analysis
HashiCorp Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 3.89 and a Current Ratio set at 3.89.
HashiCorp Inc [HCP]: An earnings per share (EPS) analysis
With the latest financial reports released by the company, HashiCorp Inc posted -0.07/share EPS, while the average EPS was predicted by analysts to be reported at -0.22/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 68.20%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for HCP.
An analysis of Institutional ownership at 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 8.2815%. BLACKROCK INC., holding 1.03 billion shares of the stock with an approximate value of $176.59 billion in HCP stocks shares; and BERKSHIRE HATHAWAY INC, currently with $156.75 billion in HCP stock with ownership which is approximately 5.8325%.
