HashiCorp Inc (HCP) Shares Decline Despite Market Challenges

The stock of HashiCorp Inc (NASDAQ: HCP) has decreased by -0.12 when compared to last closing price of 25.81. Despite this, the company has experienced a -4.27% fall in its stock price over the last five trading sessions. Seeking Alpha reported 2024-03-20 that HashiCorp’s FY24 revenue exceeded expectations, leading to 150 bps of growth upside. Management’s three-pronged growth strategy focusing on sales productivity, differentiation, and cloud products is promising. Despite a slowdown in FY25 revenue guidance, a buy rating is recommended due to the potential for growth acceleration and upside in valuation.

Is It Worth Investing in HashiCorp Inc (NASDAQ: HCP) Right Now?

The 36-month beta value for HCP is also noteworthy at 1.42. There are mixed opinions on the stock, with 2 analysts rating it as a “buy,” 0 rating it as “overweight,” 17 rating it as “hold,” and 1 rating it as “sell.”

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The public float for HCP is 112.16M, and at present, short sellers hold a 5.76% of that float. The average trading volume of HCP on April 03, 2024 was 2.48M shares.

HCP’s Market Performance

HCP’s stock has seen a -4.27% decrease for the week, with a -0.35% drop in the past month and a 9.05% gain in the past quarter. The volatility ratio for the week is 2.66%, and the volatility levels for the past 30 days are at 4.01% for HashiCorp Inc The simple moving average for the past 20 days is -3.20% for HCP’s stock, with a 5.17% simple moving average for the past 200 days.

Analysts’ Opinion of HCP

Scotiabank, on the other hand, stated in their research note that they expect to see HCP reach a price target of $31. The rating they have provided for HCP stocks is “Sector Outperform” according to the report published on March 12th, 2024.

Morgan Stanley gave a rating of “Overweight” to HCP, setting the target price at $30 in the report published on February 26th of the current year.

HCP Trading at 4.24% from the 50-Day Moving Average

After a stumble in the market that brought HCP to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -29.16% of loss for the given period.

Volatility was left at 4.01%, however, over the last 30 days, the volatility rate increased by 2.66%, as shares surge +1.38% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +18.97% upper at present.

During the last 5 trading sessions, HCP fell by -4.27%, which changed the moving average for the period of 200-days by -10.92% in comparison to the 20-day moving average, which settled at $26.65. In addition, HashiCorp Inc saw 9.05% in overturn over a single year, with a tendency to cut further gains.

Insider Trading

Reports are indicating that there were more than several insider trading activities at HCP starting from Dadgar Armon, who sale 35,904 shares at the price of $27.09 back on Mar 22 ’24. After this action, Dadgar Armon now owns 1,697,068 shares of HashiCorp Inc, valued at $972,629 using the latest closing price.

Dadgar Armon, the CHIEF TECHNOLOGY OFFICER of HashiCorp Inc, sale 25,956 shares at $27.09 during a trade that took place back on Mar 22 ’24, which means that Dadgar Armon is holding 118,864 shares at $703,122 based on the most recent closing price.

Stock Fundamentals for HCP

Current profitability levels for the company are sitting at:

  • -0.44 for the present operating margin
  • 0.82 for the gross margin

The net margin for HashiCorp Inc stands at -0.33. The total capital return value is set at -0.2. Equity return is now at value -15.77, with -11.49 for asset returns.

Based on HashiCorp Inc (HCP), the company’s capital structure generated 0.01 points at debt to capital in total, while cash flow to debt ratio is standing at -0.53. The debt to equity ratio resting at 0.01. The interest coverage ratio of the stock is 17.11.

Currently, EBITDA for the company is -244.77 million with net debt to EBITDA at 3.03. When we switch over and look at the enterprise to sales, we see a ratio of 7.57. The receivables turnover for the company is 3.19for trailing twelve months and the total asset turnover is 0.34. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.38.

Conclusion

In summary, HashiCorp Inc (HCP) has had a mixed performance as of late. Analysts have bullish opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.

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