Here's Why HashiCorp, Inc. (HCP) is a Strong Momentum Stock

Zacks
01-27

Taking full advantage of the stock market and investing with confidence are common goals for new and old investors alike.

Achieving those goals is made easier with the Zacks Style Scores, a unique set of guidelines that rates stocks based on popular investing methodologies, namely value, growth, and momentum. The Style Scores can help you narrow down which stocks are better for your portfolio and which ones can beat the market over the long-term.

Is This 1 Momentum Stock a Screaming Buy Right Now?

Momentum investors, who live by the saying "the trend is your friend," are most interested in taking advantage of upward or downward trends in a stock's price or earnings outlook. Utilizing one-week price change and the monthly percentage change in earnings estimates, among other factors, the Momentum Style Score can help determine favorable times to buy high-momentum stocks.

HashiCorp, Inc. (HCP)

Headquartered in Irvine, CA, HCP, Inc. is a real estate investment trust (REIT) in the United States that acquires, develops, manages, sells and leases a diverse portfolio of healthcare real estate related properties. The company divides its operations into following four reportable segments: senior housing triple-net, senior housing operating portfolio (SHOP), life science and medical office. As of June 30, 2019, HCP’s portfolio of investments, including properties in its unconsolidated joint ventures (JV), comprised interests in 745 properties.

HCP sits at a Zacks Rank #2 (Buy), holds a Momentum Style Score of B, and has a VGM Score of B. The stock is down 0.2% and up 0.2% over the past one-week and four-week period, respectively, and HashiCorp, Inc. has gained 51.3% in the last one-year period as well. Additionally, an average of 1,853,663.75 shares were traded over the last 20 trading sessions.

Momentum investors don't just pay attention to price changes; positive earnings play a crucial role, too. Three analysts revised their earnings estimate upwards in the last 60 days for fiscal 2025. The Zacks Consensus Estimate has increased $0.09 to $0.36 per share. HCP boasts an average earnings surprise of 386.7%.

With strong earnings growth, a good Zacks Rank, and top-tier Momentum and VGM Style Scores, investors should think about adding HCP to their portfolios.

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