Market Recap: Healthcare Triangle Inc (HCTI)’s Positive Momentum%, Closing at $0.6

Kiel Thompson

The pursuit of market outperformance leads investors to the practice of hand-picking stocks. Skillful choices can be a catalyst for significant wealth enhancement.

The closing price of Healthcare Triangle Inc (NASDAQ: HCTI) was $0.6 for the day, up 9.93% from the previous closing price of $0.55. In other words, the price has increased by $9.93 from its previous closing price. On the day, 1.79 million shares were traded. HCTI stock price reached its highest trading level at $0.6 during the session, while it also had its lowest trading level at $0.4967.

Ratios:

Our analysis of HCTI’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 2.03 and its Current Ratio is at 2.03. In the meantime, Its Debt-to-Equity ratio is 0.18 whereas as Long-Term Debt/Eq ratio is at 0.00.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, HCTI now has a Market Capitalization of 4356807 and an Enterprise Value of 11674806. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.27 while its Price-to-Book (P/B) ratio in mrq is 2.04. Its current Enterprise Value per Revenue stands at 0.902 whereas that against EBITDA is -1.974.

Stock Price History:

The Beta on a monthly basis for HCTI is 0.94, which has changed by -0.9979696 over the last 52 weeks, in comparison to a change of 0.16623151 over the same period for the S&P500. Over the past 52 weeks, HCTI has reached a high of $435.75, while it has fallen to a 52-week low of $0.49. The 50-Day Moving Average of the stock is -70.83%, while the 200-Day Moving Average is calculated to be -95.69%.

Shares Statistics:

HCTI traded an average of 604.47K shares per day over the past three months and 985400 shares per day over the past ten days. A total of 5.87M shares are outstanding, with a floating share count of 5.86M. Insiders hold about 0.15% of the company’s shares, while institutions hold 2.96% stake in the company. Shares short for HCTI as of 1765756800 were 432595 with a Short Ratio of 0.72, compared to 1763078400 on 528147. Therefore, it implies a Short% of Shares Outstanding of 432595 and a Short% of Float of 5.9699997.

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