Reasons why HashiCorp Inc’s (NASDAQ:HCP) fundamentals are futile

In yesterday’s Wall Street session, HashiCorp Inc (NASDAQ:HCP) shares traded at $33.35, up 0.15% from the previous session.

HCP stock price is now 15.97% away from the 50-day moving average and 34.29% away from the 200-day moving average. The market capitalization of the company currently stands at $6.70B.

Top 5 Artificial Intelligence Stocks to Buy for 2024

By now, you're well aware of the artificial intelligence boom. You know Big Tech has been investing billions of dollars into it. According to Next Move Strategy Consulting, the AI market – currently valued at about $100 billion – cold grow twenty-fold by 2030 to more than $2 trillion. That means you may want to strongly consider these top AI stocks. Get our free report, "Top 5 AI Stocks to Buy in 2024."

Click here to automatically get the our FREE Report & Special Offer "5 Best AI Stocks to Invest In"

Sponsored

, while ‘Scotiabank’ rates the stock as ‘Sector Outperform’

In other news, Holmes Marc, CHIEF MARKETING OFFICER sold 13,916 shares of the company’s stock on May 10 ’24. The stock was sold for $456,271 at an average price of $32.79. Upon completion of the transaction, the CHIEF MARKETING OFFICER now directly owns 0 shares in the company, valued at $0.0. An SEC document containing details of the transaction can be found on the SEC’s website. On May 02 ’24, CHIEF TECHNOLOGY OFFICER Dadgar Armon sold 35,904 shares of the business’s stock. A total of $1,174,844 was realized by selling the stock at an average price of $32.72. This leaves the insider owning 1,589,356 shares of the company worth $53.01 million. A total of 42.13% of the company’s stock is owned by insiders.

During the past 12 months, HashiCorp Inc has had a low of $18.91 and a high of $36.39. As of last week, the company has a debt-to-equity ratio of 0.01, a current ratio of 3.38, and a quick ratio of 3.38. The fifty day moving average price for HCP is $28.888 and a two-hundred day moving average price translates $24.85175 for the stock.

The latest earnings results from HashiCorp Inc (NASDAQ: HCP) was released for 2024-01-31. The net profit margin was -32.70% and return on equity was -15.77% for HCP. The company reported revenue of $155.78 million for the quarter, compared to $135.79 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 14.73 percent.

Related Posts