The time has not yet come to remove your chips from the table: HeartCore Enterprises Inc (HTCR)

With 0.54 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.42 million shares. During the session, the Software – Application company that operates in wider Technology sector, reached to the highest price of $2.49 whereas the lowest price it dropped to was $2.3. The 52-week range on HTCR shows that it touched its highest point at $3.38 and its lowest point at $0.45 during that stretch. It currently has a 1-year price target of $2.75. With its current market cap of 49.19 million, HTCR has annualized dividend of $0.04 while the current yield stands at 1.70%. Beta for the stock currently stands at 1.76.

Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of HTCR was up-trending over the past week, with a rise of 51.61%, but this was up by 45.96% over a month. Three-month performance surged to 213.33% while six-month performance rose 246.56%. The stock gained 263.27% in the past year, while it has gained 29.48% so far this year. A look at the trailing 12-month EPS for HTCR yields 0.24 with Next year EPS estimates of 0.11. For the next quarter, that number is 0.07. This implies an EPS growth rate of 311.90% for this year and -75.28% for next year.

Float and Shares Shorts:

At present, 20.86 million HTCR shares are outstanding with a float of 5.13 million shares on hand for trading. On 2024-10-31, short shares totaled 0.1 million, which was 49.0 higher than short shares on 1727654400. In addition to Mr. Sumitaka Yamamoto as the firm’s President, CEO & Chairman, Mr. Qizhi Gao serves as its Chief Financial Officer.

Institutional Ownership:

Through their ownership of 0.00855 of HTCR’s outstanding shares, institutional investors have minority control over the company.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-06-30, HTCR reported revenue of $17850411.0 and operating income of $12100031.0. The EBITDA in the recently reported quarter was $12239260.0 and diluted EPS was $0.53.

Analysts Ratings:

In the same way, a target price assigned to a stock can also reveal much about its potential. With HTCR analysts setting a high price target of 2.75 and a low target of 2.75, the average target price over the next 12 months is 2.75. Based on these targets, HTCR could surge 17.02% to reach the target high and rise by 17.02% to reach the target low. Reaching the average price target will result in a growth of 17.02% from current levels.

Analysts have provided yearly estimates in a range of $0.51077 being high and $0.37923 being low. For HTCR, this leads to a yearly average estimate of $0.445.