Now Is The Time To Build A Position In HeartCore Enterprises Inc (NASDAQ:HTCR)

HeartCore Enterprises Inc (NASDAQ:HTCR) has a beta value of 1.68 and has seen 1.37 million shares traded in the last trading session. The company, currently valued at $48.14M, closed the last trade at $2.30 per share which meant it lost -$0.54 on the day or -19.01% during that session. The HTCR stock price is -46.96% off its 52-week high price of $3.38 and 80.43% above the 52-week low of $0.45. If we look at the company’s 10-day average daily trading volume, we find that it stood at 1.1 million shares traded. The 3-month trading volume is 393.70K shares.

HeartCore Enterprises Inc (NASDAQ:HTCR) trade information

Sporting -19.01% in the red in last session, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the HTCR stock price touched $2.30 or saw a rise of 31.95%. Year-to-date, HeartCore Enterprises Inc shares have moved 26.72%, while the 5-day performance has seen it change 43.75%. Over the past 30 days, the shares of HeartCore Enterprises Inc (NASDAQ:HTCR) have changed 57.53%. Short interest in the company has seen 0.1 million shares shorted with days to cover at 0.27.

HeartCore Enterprises Inc (HTCR) estimates and forecasts

Figures show that HeartCore Enterprises Inc shares have outperformed across the wider relevant industry. The company’s shares have gained 223.94% over the past 6 months, with this year growth rate of 360.00%, compared to 35.10% for the industry.

If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -34.25% over the past 5 years.

HTCR Dividends

HeartCore Enterprises Inc is expected to release its next earnings report in February this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 0.02 at a share yield of 0.87%. The company’s dividend yield has gone up over the past 12 months.

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

Insiders own 75.14% of the company shares, while shares held by institutions stand at 0.85% with a share float percentage of 3.44%. Investors are also buoyed by the number of investors in a company, with HeartCore Enterprises Inc having a total of 5.0 institutions that hold shares in the company. The top two institutional holders are PROSPERITY FINANCIAL GROUP, INC. with over 0.11 million shares worth more than $76038.0. As of 2024-06-30, PROSPERITY FINANCIAL GROUP, INC. held 0.5227% of shares outstanding.

The other major institutional holder is TWO SIGMA INVESTMENTS, LP, with the holding of over 44088.0 shares as of 2024-06-30. The firm’s total holdings are worth over $30756.0 and represent 0.2114% of shares outstanding.