HeartCore Enterprises Inc. (HTCR) Stocks Reach New Highs at $2.00 During Trading Session

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.

Unlock the Hottest Top 10 Penny Stocks Today! Discover Now

Dive into the world of lucrative penny stocks with MarketClub's groundbreaking "Smart Scan" technology! Get an instant snapshot of the top 50 high volume stocks with a clear direction and outstanding liquidity - in other words, the strongest trending. To unlock this exclusive list, simply provide your first name, last name, and email for instant access.

Gain Access to Top 10 Penny Stocks Now!.



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.