HCP Stock Summary and Trading Ideas (Hashicorp - Class A | NASDAQ:HCP)

HashiCorp Inc is engaged in solving the infrastructure challenges of cloud adoption by enabling an operating model that unlocks the full potential of modern public and private clouds. Its cloud operating model provides consistent workflows and a standardized approach to automate the processes involved in delivering applications in the cloud: infrastructure provisioning, security, networking, and application deployment. Its main commercial products are Terraform, Vault, Consul, and Nomad.

Hashicorp - Class A trades on the NASDAQ stock market under the symbol HCP.

As of May 17, 2024, HCP stock price climbed to $33.04 with 4,347,872 million shares trading.

HCP has a beta of 1.97, meaning it tends to be more sensitive to market movements. HCP has a correlation of 0.18 to the broad based SPY ETF.

HCP has a market cap of $6.64 billion. This is considered a Mid Cap stock.

Last quarter Hashicorp - Class A reported $156 million in Revenue and $.05 earnings per share. This beat revenue expectation by $6 million and exceeded earnings estimates by $.04.

The top ETF exchange traded funds that HCP belongs to (by Net Assets): VTI, VB, SKYY, VGT, VXF.

HCP has underperformed the market in the last year with a price return of +3.4% while the SPY ETF gained +29.1%. However, in the short term, HCP had mixed performance relative to the market. It has outperformed in the last 3 months, returning +39.6% vs +6.3% return in SPY. But in the last 2 weeks, HCP shares have been beat by the market, returning +0.6% compared to an SPY return of +3.6%.

HCP support price is $32.16 and resistance is $33.70 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that HCP stock will trade within this expected range on the day.