HashiCorp Inc (NASDAQ: HCP)’s stock price has increased by 18.74 compared to its previous closing price of 24.55. However, the company has seen a 23.20% increase in its stock price over the last five trading sessions. The Motley Fool reported 2024-04-23 that The Wall Street Journal reported that HashiCorp is nearing a deal to be acquired by IBM. While the company could fetch a nice premium to yesterday’s closing price, any deal will likely still be far below the company’s 2021 IPO price.
Is It Worth Investing in HashiCorp Inc (NASDAQ: HCP) Right Now?
Additionally, the 36-month beta value for HCP is 1.41. 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.”
The public float for HCP is 113.24M and currently, short sellers hold a 6.09% ratio of that float. The average trading volume of HCP on April 24, 2024 was 2.39M shares.
HCP’s Market Performance
HCP stock saw an increase of 23.20% in the past week, with a monthly gain of 7.52% and a quarterly increase of 31.01%. The volatility ratio for the week is 8.50%, and the volatility levels for the last 30 days are 4.37% for HashiCorp Inc (HCP). The simple moving average for the last 20 days is 14.42% for HCP stock, with a simple moving average of 19.52% for the last 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 14.53% 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 -19.90% of loss for the given period.
Volatility was left at 4.37%, however, over the last 30 days, the volatility rate increased by 8.50%, as shares surge +8.24% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +17.87% upper at present.
During the last 5 trading sessions, HCP rose by +23.20%, which changed the moving average for the period of 200-days by +14.45% in comparison to the 20-day moving average, which settled at $25.59. In addition, HashiCorp Inc saw 23.31% 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 Holmes Marc, who sale 13,916 shares at the price of $26.30 back on Apr 10 ’24. After this action, Holmes Marc now owns 0 shares of HashiCorp Inc, valued at $366,031 using the latest closing price.
Dadgar Armon, the CHIEF TECHNOLOGY OFFICER of HashiCorp Inc, sale 35,904 shares at $25.69 during a trade that took place back on Apr 02 ’24, which means that Dadgar Armon is holding 1,661,164 shares at $922,392 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 8.73. 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 conclusion, HashiCorp Inc (HCP) has seen better performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
