HashiCorp Inc (HCP) Outlook Starting To Look Brighter?

HashiCorp Inc (HCP) concluded trading on Wednesday at a closing price of $33.76, with 3.55 million shares of worth about $119.87 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 43.48% during that period and on October 16, 2024 the price saw a loss of about -0.30%. Currently the company’s common shares owned by public are about 202.89M shares, out of which, 150.31M shares are available for trading.

Stock saw a price change of -0.50% in past 5 days and over the past one month there was a price change of -0.53%. Year-to-date (YTD), HCP shares are showing a performance of 42.81% which increased to 53.59% 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 $34.06 during that period. The average intraday trading volume for HashiCorp Inc shares is 2.27 million. The stock is currently trading -0.36% below its 20-day simple moving average (SMA20), while that difference is down -0.22% for SMA50 and it goes to 12.51% higher than SMA200.

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HashiCorp Inc (NASDAQ: HCP) currently have 202.89M outstanding shares and institutions hold larger chunk of about 55.73% of that.

The stock has a current market capitalization of $6.85B and its 3Y-monthly beta is at 1.25. It has posted earnings per share of -$0.75 in the same period. It has Quick Ratio of 3.59 while making debt-to-equity ratio of 0.00. 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 0.40% while standing at 0.35% over the month.

Stock’s fiscal year EPS is expected to rise by 394.41% while it is estimated to increase by 42.80% 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 Citigroup on September 03, 2024 offering a Neutral rating for the stock and assigned a target price of $35 to it. On March 19, 2024, KeyBanc Capital Markets Initiated their recommendations, while on March 12, 2024, Scotiabank Upgrade their ratings for the stock with a price target of $31. Stock get an Overweight rating from Morgan Stanley on February 26, 2024.

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