Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate HashiCorp Inc before investing.

In this article, we go over a few key elements for understanding HashiCorp Inc’s stock price such as:

• HashiCorp Inc’s current stock price and volume
• Why HashiCorp Inc’s stock price changed recently
• Upgrades and downgrades for HCP from analysts
• HCP’s stock price momentum as measured by its relative strength

About HashiCorp Inc (HCP)

Before we jump into HashiCorp Inc’s stock price, history, target price and what caused it to recently dip, let’s take a look at some background.

HashiCorp, Inc. is a multi-cloud infrastructure automation software company. The Company’s software suite enables organizations to adopt consistent workflows and create a system of record for automating the cloud for infrastructure provisioning, security, networking, and application deployment. The Company’s commercial products include Terraform, Vault, Consul, and Nomad. Terraform is its infrastructure provisioning product that allows users to easily set up and manage information technology infrastructure. Terraform enables IT operations teams to apply an Infrastructure-as-Code approach, where processes and configuration required to support applications are codified and automated instead of being manual and ticket-based. Vault is its secrets management and data protection product. Vault is its secrets management and data protection product. Nomad is its scheduler and workload orchestrator that enables organizations to deploy and manage applications.

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HashiCorp Inc’s Stock Price as of Market Close

As of April 15, 2024, 4:00 PM, CST, HashiCorp Inc’s stock price was $23.43.

HashiCorp Inc is down 4.56% from its previous closing price of $24.55.

During the last market session, HashiCorp Inc’s stock traded between $24.45 and $26.22. Currently, there are 197.22 million shares of HashiCorp Inc stock available for purchase.

Unfortunately, HashiCorp Inc’s P/E ratio is not significant enough to use for stock price evaluation. We recommend investors evaluate other financial metrics to understand its overall valuation.

HashiCorp Inc Stock Price History

HashiCorp Inc’s (HCP) price is currently down 13.06% so far this month.

During the month of April, HashiCorp Inc’s stock price has reached a high of $26.98 and a low of $23.30.

Over the last year, HashiCorp Inc has hit prices as high as $36.39 and as low as $18.91. Year to date, HashiCorp Inc’s stock is down 14.3%.

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What Caused HashiCorp Inc Stock’s Price to Dip?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of April 12, 2024, there were 9 analysts who downgraded HashiCorp Inc’s stock and 4 analysts who upgraded over the last month.

Additionally, you'll want to evaluate HashiCorp Inc’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on HashiCorp Inc’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

HashiCorp Inc’s current valuation based on AAII’s Value Grade is a F, which means it is considered to be Ultra Expensive.

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Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about HashiCorp Inc (HCP) by visiting AAII Stock Evaluator.

Relative Price Strength of HashiCorp Inc

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of April 12, 2024, HashiCorp Inc has a weighted four-quarter relative price strength of -5.57%, which translates to a Momentum Score of 48 and is considered to be Average.

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HashiCorp Inc Stock Price: Bottom Line

As of April 15, 2024, HashiCorp Inc’s stock price is $23.43, which is down 4.56% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like HashiCorp Inc stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

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