HashiCorp Inc [NASDAQ: HCP] traded at a low on Thursday, posting a 0.00 loss after which it closed the day’ session at $33.80.
The results of the trading session contributed to over 2231088 shares changing hands. Over the past one week, the price volatility of HashiCorp Inc stands at 0.32% while the volatility over the past one month is 0.43%.
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The market cap for HCP stock reached $7.05 billion, with 208.71 million shares outstanding and 146.12 million shares in the current float. Compared to the average trading volume of 3.02M shares, HCP reached a trading volume of 2231088 in the most recent trading day, which is why market watchdogs consider the stock to be active.
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 $35.04 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 3.11. 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 0.14, with the Price to Sales ratio for HCP stock in the period of the last 12 months amounting to 11.65. The Price to Book ratio for the last quarter was 5.61, with the Price to Cash per share for the same quarter was set at 6.27. Price to Free Cash Flow for HCP in the course of the last twelve months was 3985.54 with Quick ratio for the last quarter at 3.61.
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 -0.21. With this latest performance, HCP shares gained by 0.15% in over the last four-week period, additionally plugging by 29.65% over the last 6 months – not to mention a rise of 17.81% 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 54.79, with the RSI for the last a single of trading hit 52.30, and the three-weeks RSI is set at 57.03 for HashiCorp Inc [HCP]. The present Moving Average for the last 50 days of trading for this stock 33.63, while it was recorded at 33.83 for the last single week of trading, and 28.10 for the last 200 days.
HashiCorp Inc [HCP]: Deeper insight into the fundamentals
HashiCorp Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 3.61 and a Current Ratio set at 3.61.
Earnings analysis for HashiCorp Inc [HCP]
With the latest financial reports released by the company, HashiCorp Inc posted -0.1/share EPS, while the average EPS was predicted by analysts to be reported at -0.15/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 0.05. 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.
Insider trade positions for HashiCorp Inc [HCP]
There are presently around $79.25%, or 83.07%% of HCP stock, in the hands of institutional investors. The top three institutional holders of HCP stocks are: VANGUARD GROUP INC with ownership of 15.01 million shares, which is approximately 7.5036%. BLACKROCK INC., holding 6.23 million shares of the stock with an approximate value of $$209.87 million in HCP stocks shares; and BLACKROCK INC., currently with $$140.79 million in HCP stock with ownership which is approximately 2.0887%.
