Is HeartCore Enterprises Inc (NASDAQ:HTCR) A Strong Comeback Candidate At -10.62% Off Its High?

In last trading session, HeartCore Enterprises Inc (NASDAQ:HTCR) saw 6.85 million shares changing hands with its beta currently measuring 1.55. Company’s recent per share price level of $1.13 trading at $0.14 or 14.14% at ring of the bell on the day assigns it a market valuation of $23.57M. That closing price of HTCR’s stock is at a discount of -10.62% from its 52-week high price of $1.25 and is indicating a premium of 68.14% from its 52-week low price of $0.36. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 59210.0 shares which gives us an average trading volume of 33.61K if we extend that period to 3-months.

HeartCore Enterprises Inc (NASDAQ:HTCR) trade information

Upright in the green during last session for gaining 14.14%, in the last five days HTCR remained trading in the green while hitting it’s week-highest on Friday, 10/18/24 when the stock touched $1.13 price level, adding 27.1% to its value on the day. HeartCore Enterprises Inc’s shares saw a change of 77.12% in year-to-date performance and have moved 38.49% in past 5-day. HeartCore Enterprises Inc (NASDAQ:HTCR) showed a performance of 63.79% in past 30-days. Number of shares sold short was 13049.0 shares which calculate 0.44 days to cover the short interests.

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HeartCore Enterprises Inc (HTCR) estimates and forecasts

Statistics highlight that HeartCore Enterprises Inc is scoring comparatively higher than the scores of other players of the relevant industry. The company added 14.21% of value to its shares in past 6 months, showing an annual growth rate of 266.67% while that of industry is 26.70. Apart from that, the company came raising its revenue forecast for fiscal year 2024. This year revenue growth is estimated to rise 74.00% from the last financial year’s standing.

1 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 20.1M for the same. And 1 analysts are in estimates of company making revenue of 8.8M in the next quarter. Company posted 4.69M and 3.33M of sales in current and next quarters respectively a year earlier.

Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -34.25% during past 5 years.

HeartCore Enterprises Inc (NASDAQ:HTCR)’s Major holders

Insiders are in possession of 75.39% of company’s total shares while institution are holding 1.25 percent of that, with stock having share float percentage of 5.10%. Investors also watch the number of corporate investors in a company very closely, which is 1.25% institutions for HeartCore Enterprises Inc that are currently holding shares of the company. PROSPERITY FINANCIAL GROUP, INC. is the top institutional holder at HTCR for having 0.11 million shares of worth $76038.0. And as of 2024-06-30, it was holding 0.5227 of the company’s outstanding shares.

The second largest institutional holder is TWO SIGMA INVESTMENTS, LP, which was holding about 44088.0 shares on 2024-06-30. The number of shares represents firm’s hold over 0.2114 of outstanding shares, having a total worth of $30756.0.