HashiCorp Inc [NASDAQ: HCP] gained 0.03% or 0.01 points to close at $32.81 with a heavy trading volume of 3778928 shares.
The daily chart for HCP points out that the company has recorded 69.65% gains over the past six months.
If we look at the average trading volume of 4.36M shares, HCP reached to a volume of 3778928 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 $34.30 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 2.79. 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.
BTIG Research have made an estimate for HashiCorp Inc shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on April 24, 2024. While these analysts kept the previous recommendation, KeyBanc Capital Markets raised their target price to Sector Weight. The new note on the price target was released on March 19, 2024, representing the official price target for HashiCorp Inc stock. Previously, the target price had yet another raise to $31, while Scotiabank analysts kept a Sector Outperform rating on HCP stock. On February 26, 2024, analysts increased their price target for HCP shares from 23 to 30.
The Average True Range (ATR) for HashiCorp Inc is set at 0.85, with the Price to Sales ratio for HCP stock in the period of the last 12 months amounting to 11.30. The Price to Book ratio for the last quarter was 5.39, with the Price to Cash per share for the same quarter was set at 6.36.
Trading performance analysis for HCP stock
HashiCorp Inc [HCP] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 0.58. With this latest performance, HCP shares gained by 21.65% in over the last four-week period, additionally plugging by 69.65% over the last 6 months – not to mention a rise of 10.51% 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 74.53, with the RSI for the last a single of trading hit 80.21, and the three-weeks RSI is set at 70.15 for HashiCorp Inc [HCP]. The present Moving Average for the last 50 days of trading for this stock 27.49, while it was recorded at 32.81 for the last single week of trading, and 24.65 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 3.38 and a Current Ratio set at 3.38.
An analysis of Institutional ownership at HashiCorp Inc [HCP]
The top three institutional holders of HCP stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.4983%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $200.69 billion in HCP stocks shares; and BERKSHIRE HATHAWAY INC, currently with $174.35 billion in HCP stock with ownership which is approximately 5.8386%.
