After finishing at $2.46 in the prior trading day, HeartCore Enterprises Inc. (NASDAQ: HTCR) closed at $2.00, down -18.70%. In other words, the price has decreased by -$0.4600 from its previous closing price. On the day, 2795563 shares were traded.
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Ratios:
Our goal is to gain a better understanding of HTCR by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 2.30 and its Current Ratio is at 2.30. In the meantime, Its Debt-to-Equity ratio is 0.38 whereas as Long-Term Debt/Eq ratio is at 0.23.
Upgrades & Downgrades
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, HTCR now has a Market Capitalization of 51.27M and an Enterprise Value of 50.72M. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.68 while its Price-to-Book (P/B) ratio in mrq is 7.41. Its current Enterprise Value per Revenue stands at 5.75 whereas that against EBITDA is -7.73.
Stock Price History:
Over the past 52 weeks, HTCR has reached a high of $3.43, while it has fallen to a 52-week low of $0.78. The 50-Day Moving Average of the stock is 1.0612, while the 200-Day Moving Average is calculated to be 1.2375.
Shares Statistics:
The stock has traded on average 1.97M shares per day over the past 3-months and 9.92M shares per day over the last 10 days, according to various share statistics. A total of 17.65M shares are outstanding, with a floating share count of 4.09M. Insiders hold about 77.07% of the company’s shares, while institutions hold 0.40% stake in the company. Shares short for HTCR as of May 14, 2023 were 46.52k with a Short Ratio of 0.09M, compared to 537.02k on Apr 13, 2023. Therefore, it implies a Short% of Shares Outstanding of 0.22% and a Short% of Float of 0.97%.
Earnings Estimates
Its stock is currently analyzed by 1 different market analysts. The consensus estimate for the next quarter is $0.04, with high estimates of $0.04 and low estimates of $0.04.
Analysts are recommending an EPS of between $0.04 and -$0.07 for the fiscal current year, implying an average EPS of -$0.01. EPS for the following year is $0.09, with 2 analysts recommending between $0.11 and $0.08.
Revenue Estimates
A total of 1 analysts have provided revenue estimates for HTCR’s current fiscal year. The highest revenue estimate was $14.21M, while the lowest revenue estimate was $14.21M, resulting in an average revenue estimate of $14.21M. In the same quarter a year ago, actual revenue was $8.82M, up 61.10% from the average estimate. Based on 1 analysts’ estimates, the company’s revenue will be $16.32M in the next fiscal year. The high estimate is $16.32M and the low estimate is $16.32M. The average revenue growth estimate for next year is up 14.80% from the average revenue estimate for this year.
