The stock of HeartCore Enterprises Inc (HTCR) has gone up by 44.61% for the week, with a 71.04% rise in the past month and a 47.52% rise in the past quarter. The volatility ratio for the week is 10.80%, and the volatility levels for the past 30 days are 9.78% for HTCR. The simple moving average for the past 20 days is 39.76% for HTCR’s stock, with a 57.76% simple moving average for the past 200 days.
Is It Worth Investing in HeartCore Enterprises Inc (NASDAQ: HTCR) Right Now?
Company’s 36-month beta value is 1.55.Analysts have differing opinions on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for HTCR is 5.13M, and currently, short sellers hold a 0.25% ratio of that floaft. The average trading volume of HTCR on October 18, 2024 was 33.61K shares.
HTCR) stock’s latest price update
The stock price of HeartCore Enterprises Inc (NASDAQ: HTCR) has surged by 19.19 when compared to previous closing price of 0.99, but the company has seen a 44.61% gain in its stock price over the last five trading sessions. globenewswire.com reported 2024-10-18 that Q3 2024 Revenues Expected to Increase to Between $17 Million and $19 Million Q3 2024 Net Income Expected to Increase to Between $9 Million and $11 Million
HTCR Trading at 61.00% from the 50-Day Moving Average
After a stumble in the market that brought HTCR to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -5.60% of loss for the given period.
Volatility was left at 9.78%, however, over the last 30 days, the volatility rate increased by 10.80%, as shares surge +58.87% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +79.40% upper at present.
During the last 5 trading sessions, HTCR rose by +36.29%, which changed the moving average for the period of 200-days by +62.61% in comparison to the 20-day moving average, which settled at $0.8409. In addition, HeartCore Enterprises Inc saw 84.95% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at HTCR starting from Kuno Keisuke, who purchase 26,000 shares at the price of $0.59 back on Nov 16 ’23. After this action, Kuno Keisuke now owns 92,430 shares of HeartCore Enterprises Inc, valued at $15,340 using the latest closing price.
Hosaka Kimio, the Chief Operating Officer of HeartCore Enterprises Inc, purchase 6,000 shares at $0.50 during a trade that took place back on Nov 16 ’23, which means that Hosaka Kimio is holding 107,124 shares at $3,000 based on the most recent closing price.
Stock Fundamentals for HTCR
Current profitability levels for the company are sitting at:
- -0.42 for the present operating margin
- 0.22 for the gross margin
The net margin for HeartCore Enterprises Inc stands at -0.49. The total capital return value is set at -0.8. Equity return is now at value -145.16, with -35.28 for asset returns.
Based on HeartCore Enterprises Inc (HTCR), the company’s capital structure generated 0.63 points at debt to capital in total, while cash flow to debt ratio is standing at -1.58. The debt to equity ratio resting at 1.69. The interest coverage ratio of the stock is -46.31.
Currently, EBITDA for the company is -3.44 million with net debt to EBITDA at -0.12. When we switch over and look at the enterprise to sales, we see a ratio of 1.45. The receivables turnover for the company is 6.64for trailing twelve months and the total asset turnover is 0.71. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.72.
Conclusion
In a nutshell, HeartCore Enterprises Inc (HTCR) has experienced a better performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
