HashiCorp Inc [NASDAQ: HCP] loss -0.15% or -0.05 points to close at $34.25 with a heavy trading volume of 4179097 shares.
The daily chart for HCP points out that the company has recorded 1.75% gains over the past six months.
If we look at the average trading volume of 2.02M shares, HCP reached to a volume of 4179097 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 $35.00 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 3.14. 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.
Citigroup have made an estimate for HashiCorp Inc shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on September 03, 2024. The new note on the price target was released on April 24, 2024, representing the official price target for HashiCorp Inc stock.
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 10.69. The Price to Book ratio for the last quarter was 5.56, with the Price to Cash per share for the same quarter was set at 6.59. Price to Free Cash Flow for HCP in the course of the last twelve months was 122.42 with Quick ratio for the last quarter at 3.66.
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 0.00. With this latest performance, HCP shares gained by 0.18% in over the last four-week period, additionally plugging by 1.75% over the last 6 months – not to mention a rise of 45.99% 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 53.06, with the RSI for the last a single of trading hit 47.89, and the three-weeks RSI is set at 54.88 for HashiCorp Inc [HCP]. The present Moving Average for the last 50 days of trading for this stock 34.03, while it was recorded at 34.28 for the last single week of trading, and 33.39 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 3.66 and a Current Ratio set at 3.66.
An analysis of Institutional ownership at HashiCorp Inc [HCP]
There are presently around $81.85%, or 85.34%% 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%.
