Hashicorp Inc Crosses 200 Day Moving Average, Reaches $30.32 Per Share
August 8, 2023
☀️Trending News
Hashicorp ($NASDAQ:HCP) Inc, a provider of enterprise and cloud software services, recently crossed a major milestone in its stock performance. On Friday, the company’s shares traded up to $30.32 per share, surpassing their 200 day moving average of $28.94. The company offers solutions for IT operations, software deployment, and cloud compliance.
Its products span across multiple industries, including financial services, healthcare, and government services. Hashicorp is quickly becoming an industry leader in the cloud infrastructure and automation space, and its strong stock performance is a testament to its success.
Share Price
On Monday, Hashicorp Inc reached a milestone as its stock crossed the 200 day moving average and reached $30.32 per share. The stock opened at $29.3 and closed at $30.0, up by 2.4% from the prior closing price of $29.2. This marks the fourth consecutive day of growth for the company, with investors reacting positively to the news. Hashicorp Inc is a leader in the development of open source enterprise software, providing solutions to assist businesses in the areas of cloud computing, security, and other organizational needs.
The company continues to see strong growth in its customer base, with more companies turning to the company for its comprehensive and reliable services. With the stock reaching new heights, investors are hoping that Hashicorp Inc will continue to find success as a leader in the enterprise software space. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Hashicorp. More…
| Total Revenues | Net Income | Net Margin |
| 512.98 | -249.34 | -48.6% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Hashicorp. More…
| Operations | Investing | Financing |
| -66.87 | -331.61 | 22.59 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Hashicorp. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.58k | 389.05 | 6.23 |
Key Ratios Snapshot
Some of the financial key ratios for Hashicorp are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 53.0% | – | -55.9% |
| FCF Margin | ROE | ROA |
| -15.1% | -14.9% | -11.3% |
Analysis
At GoodWhale, we have conducted a comprehensive analysis of HASHICORP and its fundamentals. According to our Star Chart, HASHICORP is classified as ‘cheetah’. This type of company is characterized by high revenue or earnings growth. However, it is generally considered to be less stable due to lower profitability. Given these characteristics, we believe that HASHICORP would be attractive to certain types of investors. For example, high-growth investors may be drawn to the potential of increased returns. On the other hand, value investors may be more cautious given the potential risks associated with the lower profitability of the company. When it comes to financial health, HASHICORP fares well with a score of 7 out of 10. This shows that the company is in a strong position with regards to its cashflows and debt and is capable of sustaining future operations even in times of crisis. Overall, HASHICORP is strong in terms of asset and growth but weak in dividend and profitability. Despite this, the company still holds appeal for certain investors who are looking for high-growth potential. Given its strong financial health, HASHICORP may be a good option for those who are interested in taking on such risks. More…
Peers
HashiCorp is a cloud infrastructure software company based in San Francisco. The company was founded in 2012 by Mitchell Hashimoto and Armon Dadgar. HashiCorp develops a suite of tools for enterprises that enable them to provision, secure, and run their applications in the cloud. The company’s tools are used by some of the world’s largest organizations, including eBay, LinkedIn, and Square.
HashiCorp’s main competitors in the cloud infrastructure software market are Radware Ltd, Sovereign Cloud Holdings Ltd, and Kingsoft Cloud Holdings Ltd.
– Radware Ltd ($NASDAQ:RDWR)
Radware Ltd. is a global leader in providing cybersecurity and application delivery solutions. It offers a comprehensive and award-winning portfolio of products and services to help organizations ensure the security, performance, and availability of their applications and networks. Radware has been recognized by industry analysts and others for its innovation, leadership, and vision.
– Sovereign Cloud Holdings Ltd ($ASX:SOV)
Sovereign Cloud Holdings Ltd is a cloud-based software company that provides enterprise software solutions. The company has a market cap of 29.7M and a ROE of -23.6%. Sovereign Cloud Holdings Ltd’s products and services are used by businesses of all sizes, from small businesses to large enterprises. The company’s products are used in a variety of industries, including healthcare, banking, retail, and manufacturing.
– Kingsoft Cloud Holdings Ltd ($NASDAQ:KC)
Kingson Cloud Holdings Ltd is a Chinese holding company that provides cloud computing services. It has a market capitalization of 544.63 million as of 2022 and a return on equity of -14.02%. The company offers a range of services including storage, networking, and computing. It has a strong presence in the Chinese market and is expanding its operations globally.
Summary
Hashicorp Inc has seen a positive change in its stock market performance, crossing above its 200 day moving average of $28.94. The stock price reached a high of $30.32 per share on Friday. Investors may find this development encouraging and it could signify a potential upward trend in the company’s stock performance. Analysts should review the company’s financials and other key metrics before making any decisions.
Hashicorp’s fundamentals should also be considered, such as its revenue, earnings per share, dividend yield, and debt-to-equity ratio. Analysts should also keep an eye on factors such as growth prospects, competitive landscape, and sector outlook to get a full picture of the company’s potential for long-term success.
