The stock of HeartCore Enterprises Inc. (NASDAQ:HTCR) last traded at $1.15, down -0.43% from the previous session.
Data from the available sources indicates that HeartCore Enterprises Inc. (NASDAQ:HTCR) is covered by 1 analysts. The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $2.50 and a low of $2.50, we find $2.50. Given the previous closing price of $1.16, this indicates a potential upside of 115.52 percent. HTCR stock price is now 14.64% away from the 50-day moving average and -30.95% away from the 200-day moving average. The market capitalization of the company currently stands at $21.17M.
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In total, 0 analysts have assigned it a hold rating, and 1 have given it a buy rating. Brokers who have rated the stock have averaged $2.50 as their price target over the next twelve months.
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A total of 76.82% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in HTCR stock. A new stake in HeartCore Enterprises Inc. shares was purchased by CITADEL ADVISORS LLC during the first quarter worth $43,000. RENAISSANCE TECHNOLOGIES LLC invested $16,000 in shares of HTCR during the first quarter. In total, there are 6 active investors with 0.40% ownership of the company’s stock.
With an opening price of $1.1800 on Tuesday morning, HeartCore Enterprises Inc. (NASDAQ: HTCR) set off the trading day. During the past 12 months, HeartCore Enterprises Inc. has had a low of $0.78 and a high of $6.19. As of last week, the company has a debt-to-equity ratio of 0.28, a current ratio of 3.00, and a quick ratio of 3.00. The fifty day moving average price for HTCR is $1.0075 and a two-hundred day moving average price translates $1.6727 for the stock.
The latest earnings results from HeartCore Enterprises Inc. (NASDAQ: HTCR) was released for Jun, 2022. The net profit margin was -65.20% and return on equity was -88.50% for HTCR. The company reported revenue of $1.87 million for the quarter, compared to $3.47 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -46.04 percent.
HeartCore Enterprises Inc.(HTCR) Company Profile
HeartCore Enterprises, Inc., a software development company, provides Software as a Service solutions to enterprise customers in Japan and internationally. Its customer experience management platform includes marketing, sales, service, and content management systems, as well as other tools and integrations, which enable companies to enhance the customer experience and drive engagement. The company also provides data analytics services that allow enterprise businesses to create web experiences for their clients. In addition, it operates a digital transformation business that provides customers with robotics process automation, process mining, and task mining to accelerate the digital transformation of enterprises. The company was founded in 2009 and is headquartered in Tokyo, Japan.
