HubSpot Inc (NYSE:HUBS) shares, rose in value on Thursday, April 04, with the stock price up by 8.20% to the previous day’s close as strong demand from buyers drove the stock to $678.08.
Actively observing the price movement in the recent trading, the stock is buoying the session at $626.70. The value of beta (5-year monthly) is 1.59. Referring to stock’s 52-week performance, its high was $660.00, and the low was $390.22. On the whole, HUBS has fluctuated by 11.92% over the past month.
With the market capitalization of HubSpot Inc currently standing at about $34.36 billion, investors are eagerly awaiting this quarter’s results, scheduled for May 01, 2024 – May 06, 2024. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be $1.5, which is expected to increase to $1.88 for fiscal year $6.96 and then to about $8.39 by fiscal year 2025. Data indicates that the EPS growth is expected to be 18.20% in 2025, while the next year’s EPS growth is forecast to be 20.50%.
Analysts have estimated the company’s revenue for the quarter at $597.57 million, with a low estimate of $586.9 million and a high estimate of $608.77 million. According to the average forecast, sales growth in current quarter could jump up 19.10%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2025, the company’s y-o-y revenues would reach $2.56 billion, representing an increase of 18.10% from the revenues reported in the last year’s results.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that HUBS’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium term indicators have put the stock in the category of 100% Buy while long term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of HUBS currently trading nearly 9.51% and 10.49% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 66.50, while the 7-day volatility ratio is showing 3.83% which for the 30-day chart, stands at 2.96%. Furthermore, HubSpot Inc (HUBS)’s beta value is 1.58, and its average true range (ATR) is 23.39.
A comparison of HubSpot Inc (HUBS) with its peers suggests the former has fared considerably weaker in the market. HUBS showed an intraday change of 8.20% in today’s session so far, and over the past year, it grew by 61.41%%.
Data on historical trading for HubSpot Inc (NYSE:HUBS) indicates that the trading volumes over the past 10 days have averaged 0.49 million and over the past 3 months, they’ve averaged 428.85K. According to company’s latest data on outstanding shares, there are 50.45 million shares outstanding.
Nearly 4.31% of HubSpot Inc’s shares belong to company insiders and institutional investors own 91.24% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 0.64 million shares as on Mar 15, 2024, resulting in a short ratio of 1.42. According to the data, the short interest in HubSpot Inc (HUBS) stood at 1.26% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 0.65 million. The stock has risen by 16.80% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the HUBS stock heading into the next quarter.
