Technical Outlook And Game Plan For HashiCorp Inc (NASDAQ: HCP)

HashiCorp Inc (HCP) concluded trading on Thursday at a closing price of $24.26, with 3.0 million shares of worth about $72.89 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -14.34% during that period and on Thursday the price saw a gain of about 6.12%. Currently the company’s common shares owned by public are about 195.53M shares, out of which, 106.83M shares are available for trading.

According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 195 times over the past 12 months. They bought 15,190,640 shares in 96 of the transactions. In 99 selling transactions, insiders dumped 14,999,392 shares.

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However, the stock later moved at a day high price of 24.58, or with a gain of 6.12%. Stock saw a price change of 7.92% in past 5 days and over the past one month there was a price change of 9.38%. Year-to-date (YTD), HCP shares are showing a performance of 2.62% which decreased to -27.56% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $18.91 but also hit the highest price of $36.39 during that period. The average intraday trading volume for HashiCorp Inc shares is 2.53 million. The stock is currently trading 8.00% above its 20-day simple moving average (SMA20), while that difference is up 7.10% for SMA50 and it goes to -4.62% lower than SMA200.

HashiCorp Inc (NASDAQ: HCP) currently have 195.53M outstanding shares and institutions hold larger chunk of about 45.70% of that.

The stock has a current market capitalization of $4.74B and its 3Y-monthly beta is at 1.32. It has posted earnings per share of -$1.09 in the same period. It has Quick Ratio of 3.89 while making debt-to-equity ratio of 0.01. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for HCP, volatility over the week remained 3.91% while standing at 3.83% over the month.

Analysts are in expectations that HashiCorp Inc (HCP) stock would likely to be making an EPS of $0.01 in the current quarter, while forecast for next quarter EPS is $0 and it is $0.13 for next year. For the current quarter EPS, analysts have given the company a lowest target -$0.01 which is $0.09 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of -$0.07 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 76.64% while it is estimated to increase by 199.64% in next year.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Needham on December 08, 2023 offering a Buy rating for the stock and assigned a target price range of between $36 and $27 to it.

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