Healthcare Triangle Inc (NASDAQ: HCTI)’s stock price has dropped by -4.65 in relation to previous closing price of 1.29. Nevertheless, the company has seen a loss of -5.38% in its stock price over the last five trading days. zacks.com reported 2024-09-13 that Discover why Zacks rates Healthcare Triangle as “Underperform”, being the first on Wall Street to initiate coverage on the stock. Explore HCTI’s heavy reliance on top clients amid liquidity issues and ongoing losses.
Is It Worth Investing in Healthcare Triangle Inc (NASDAQ: HCTI) Right Now?
HCTI has 36-month beta value of 0.49. Analysts have mixed views on the stock, with 1 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for HCTI is 3.02M, and currently, short sellers hold a 0.86% ratio of that float. The average trading volume of HCTI on November 04, 2024 was 3.04M shares.
HCTI’s Market Performance
HCTI stock saw an increase of -5.38% in the past week, with a monthly gain of 139.07% and a quarterly increase of 101.31%. The volatility ratio for the week is 37.48%, and the volatility levels for the last 30 days are 19.85% for Healthcare Triangle Inc (HCTI). The simple moving average for the past 20 days is 72.35% for HCTI’s stock, with a 10.60% simple moving average for the past 200 days.
HCTI Trading at 103.93% from the 50-Day Moving Average
After a stumble in the market that brought HCTI to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -74.74% of loss for the given period.
Volatility was left at 19.85%, however, over the last 30 days, the volatility rate increased by 37.48%, as shares surge +149.95% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +121.12% upper at present.
During the last 5 trading sessions, HCTI fell by -3.85%, which changed the moving average for the period of 200-days by -45.65% in comparison to the 20-day moving average, which settled at $0.7144. In addition, Healthcare Triangle Inc saw -55.19% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for HCTI
Current profitability levels for the company are sitting at:
- -0.44 for the present operating margin
- 0.19 for the gross margin
The net margin for Healthcare Triangle Inc stands at -0.49. The total capital return value is set at 65.96. Equity return is now at value -287.56, with -96.40 for asset returns.
Based on Healthcare Triangle Inc (HCTI), the company’s capital structure generated 1.6 points at debt to capital in total, while cash flow to debt ratio is standing at 2.52. The debt to equity ratio resting at -2.67. The interest coverage ratio of the stock is -9.63.
Currently, EBITDA for the company is -4.12 million with net debt to EBITDA at -0.56. When we switch over and look at the enterprise to sales, we see a ratio of 0.4. The receivables turnover for the company is 10.94for trailing twelve months and the total asset turnover is 3.64. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.38.
Conclusion
To put it simply, Healthcare Triangle Inc (HCTI) has had a mixed performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
