The trading price of HubSpot Inc. (NYSE:HUBS) closed higher on Tuesday, October 12, closing at $758.27, 11.07% higher than its previous close.
Traders who pay close attention to intraday price movement should know that it fluctuated between $685.935 and $814.90. In examining the 52-week price action we see that the stock hit a 52-week high of $736.15 and a 52-week low of $283.87. Over the past month, the stock has gained 13.17% in value.
HubSpot Inc., whose market valuation is $35.84 billion at the time of this writing, is expected to release its quarterly earnings report Nov 03, 2021 – Nov 08, 2021. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by $0.44 per share this quarter, however they have predicted annual earnings per share of $1.69 for 2021 and $2.46 for 2022. It means analysts are expecting annual earnings per share growth of 28.00% this year and 45.60% next year.
Analysts have forecast the company to bring in revenue of $327.11 million for the current quarter, with the likely lows of $325 million and highs of $337.96 million. The average estimate suggests sales will likely up by 43.20% this quarter compared to what was recorded in the comparable quarter last year. From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue in 2021 is $1.27 billion. The company’s revenue is forecast to grow by 44.10% over what it did in 2021.
A company’s earnings reviews provide a brief indication of a stock’s direction in the short term, where in the case of HubSpot Inc. No upward and no downward comments were posted in the last 7 days. On the technical side, indicators suggest HUBS has a 100% Buy on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 100% Buy, while an average of long term indicators suggests that the stock is currently 100% Buy.
Here is the average analyst rating on the stock as represented by 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock should be considered as either strong buy or strong sell respectively. The number of analysts that have assigned HUBS a recommendation rating is 24. Out of them, 4 rate it a Hold, while 18 recommend Buy, whereas 0 assign an Overweight rating. 1 analyst(s) have tagged HubSpot Inc. (HUBS) as Underweight, while 1 advise Sell. Analysts have rated the stock Overweight, likely urging investors to take advantage of the opportunity to add to their holdings of the company’s shares.
A quick review shows that HUBS’s price is currently 10.47% off the SMA20 and 12.66% off the SMA50. The RSI metric on the 14-day chart is currently showing 66.17, and weekly volatility stands at 6.57%. When measured over the past 30 days, the indicator reaches 4.60%. HubSpot Inc. (NYSE:HUBS)’s beta value is currently sitting at 1.64, while the Average True Range indicator is currently displaying 34.79. With analysts defining $552.00-$800.00 as the low and high price targets, we arrive at a consensus price target of $700.30 for the trailing 12-month period. The current price is about 27.2% off the estimated low and -5.5% off the forecast high, based on this estimate. Investors will be thrilled if HUBS’s share price rises to $701.50, which is the median consensus price. At that level, HUBS’s share price would be 7.49% above current price.
To see how HubSpot Inc. stock has been performing in comparison to its peers in the industry, here are the numbers: HUBS stock’s performance was 11.07% in the latest trading, and 134.95% in the past year, while Digimarc Corporation (DMRC) has traded 3.89% on the day and positioned 17.42% higher than it was a year ago. Another comparable company PROS Holdings Inc. (PRO) saw its stock close -0.48% lower in the most recent trading session but was down -7.23% in a year. Furthermore, Paycom Software Inc. (PAYC) showed an increase of 1.54% on the day while its price kept inclining at 38.86% over the past year. HubSpot Inc. has a P/E ratio of 0. Also in last trading session, the S&P 500 Index has plunged -0.24%, while the Dow Jones Industrial also saw a negative session, down -0.34% on the day.
An evaluation of the daily trading volume of HubSpot Inc. (NYSE:HUBS) indicates that the 3-month average is 431.64K. However, this figure has increased over the past 10 days to an average of 0.53 million.
Currently, records show that 46.78 million of the company’s shares remain outstanding. The insiders hold 5.00% of outstanding shares, whereas institutions hold 93.00%. The stats also highlight that short interest as of May 27, 2021, stood at 1.54 million shares, resulting in a short ratio of 2.9 at that time. From this, we can conclude that short interest is 3.30% of the company’s total outstanding shares. It is noteworthy that short shares in May were up slightly from the previous month’s figure, which was 1.51 million. However, since the stock’s price has seen 91.27% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.