HeartCore Enterprises (NASDAQ:HTCR) Posts Quarterly Earnings Results

by · The Cerbat Gem

HeartCore Enterprises (NASDAQ:HTCR – Get Free Report) announced its earnings results on Friday. The company reported ($1.49) EPS for the quarter, FiscalAI reports. HeartCore Enterprises had a negative return on equity of 130.76% and a negative net margin of 67.96%.The business had revenue of $1.25 million for the quarter.

HeartCore Enterprises Stock Performance

Shares of HTCR traded down $0.09 during mid-day trading on Friday, hitting $2.66. 37,826 shares of the company’s stock were exchanged, compared to its average volume of 72,102. HeartCore Enterprises has a 52 week low of $2.64 and a 52 week high of $33.40. The stock’s 50-day simple moving average is $3.83 and its 200-day simple moving average is $6.70. The firm has a market cap of $3.38 million, a price-to-earnings ratio of -0.22 and a beta of 1.56. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 0.07.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. Virtu Financial LLC increased its stake in HeartCore Enterprises by 306.7% in the third quarter. Virtu Financial LLC now owns 44,829 shares of the company’s stock valued at $36,000 after acquiring an additional 33,807 shares during the last quarter. Jane Street Group LLC increased its stake in HeartCore Enterprises by 85.7% in the fourth quarter. Jane Street Group LLC now owns 113,176 shares of the company’s stock valued at $35,000 after acquiring an additional 52,217 shares during the last quarter. XTX Topco Ltd bought a new position in HeartCore Enterprises in the fourth quarter valued at approximately $28,000. Finally, Board of Trustees of The Leland Stanford Junior University bought a new position in HeartCore Enterprises in the fourth quarter valued at approximately $30,000. 1.71% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings cut shares of HeartCore Enterprises from a “sell (d+)” rating to a “sell (d)” rating in a report on Friday, April 24th. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Reduce”.

Get Our Latest Stock Analysis on HTCR

About HeartCore Enterprises

(Get Free Report)

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 operates a digital transformation business that offers customers with robotics process automation, process mining, and task mining to accelerate the digital transformation of enterprises.

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