In the last trading session, 2.57 million shares of the HashiCorp Inc (NASDAQ:HCP) were traded, and its beta was 1.25. Most recently the company’s share price was $33.68, and it changed around $0.01 or 0.03% from the last close, which brings the market valuation of the company to $6.83B. HCP currently trades at a discount to its 52-week high of $34.06, offering almost -1.13% off that amount. The share price’s 52-week low was $18.91, which indicates that the current value has risen by an impressive 43.85% since then. We note from HashiCorp Inc’s average daily trading volume that its 10-day average is 2.14 million shares, with the 3-month average coming to 2.15 million.
HashiCorp Inc stock received a consensus recommendation rating of Hold, based on a mean score of 3.11. If we narrow it down even further, the data shows that 1 out of 20 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 17 recommended HCP as a Hold, whereas 2 deemed it a Buy, and 0 rated it as Underweight. HashiCorp Inc is expected to report earnings per share of 0.05 for the current quarter.
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HashiCorp Inc (NASDAQ:HCP) trade information
Instantly HCP has showed a green trend with a performance of 0.03% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of 33.87 on recent trading dayincreased the stock’s daily price by 0.56%. The company’s shares are currently up 42.47% year-to-date, but still down -0.18% over the last five days. On the other hand, HashiCorp Inc (NASDAQ:HCP) is -0.56% down in the 30-day period. We can see from the shorts that 11.53 million shares have been sold at a short interest cover period of 5.67 day(s).
The consensus price target as assigned by Wall Street analysts is $36, which translates to bulls needing to increase their stock price by 6.44% from its current value. Analyst projections state that HCP is forecast to be at a low of $31 and a high of $54.
HashiCorp Inc (HCP) estimates and forecasts
HashiCorp Inc share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 3.34 percent over the past six months and at a 437.50% annual growth rate that is well above the industry average of 18.90%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will gain 66.70% in revenue this quarter, and will report an increase of 60.00% in the next quarter. The year-over-year growth rate is expected to be 13.90%, up from the previous year.
Consensus estimates provided by 9 financial analysts predict the company will bring in an average of 163.94M in revenue for the current quarter. 9 analysts expect HashiCorp Inc to make 174.49M in revenue for the current ending quarter. Forecasts for the next quarter put sales growth at 12.00%.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -30.02%.
HCP Dividends
HashiCorp Inc’s next quarterly earnings report is expected to be released in November.
HashiCorp Inc (NASDAQ:HCP)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 4.39% of HashiCorp Inc shares, and 73.56% of them are in the hands of institutional investors. The stock currently has a share float of 76.93%. HashiCorp Inc stock is held by 383.0 institutions, with VANGUARD GROUP INC being the largest institutional investor. By 2024-06-30, it held 7.5036% of the shares, which is about 15.01 million shares worth $505.78 million.
BLACKROCK INC., with 3.1136% or 6.23 million shares worth $209.87 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
