HeartCore Enterprises Inc (NASDAQ: HTCR) Stock: Will It Be A Game-Changer?

In the last trading session, 0.25 million shares of the HeartCore Enterprises Inc (NASDAQ:HTCR) were traded, and its beta was 1.76. Most recently the company’s share price was $1.49, and it changed around -$0.21 or -12.35% from the last close, which brings the market valuation of the company to $31.19M. HTCR currently trades at a discount to its 52-week high of $3.38, offering almost -126.85% off that amount. The share price’s 52-week low was $0.45, which indicates that the current value has risen by an impressive 69.8% since then. We note from HeartCore Enterprises Inc’s average daily trading volume that its 10-day average is 0.48 million shares, with the 3-month average coming to 466.94K.

HeartCore Enterprises Inc (NASDAQ:HTCR) trade information

Instantly HTCR has showed a red trend with a performance of -12.35% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of 1.9200 on recent trading dayincreased the stock’s daily price by 22.4%. The company’s shares are currently down -17.91% year-to-date, but still down -10.24% over the last five days. On the other hand, HeartCore Enterprises Inc (NASDAQ:HTCR) is -7.45% down in the 30-day period. We can see from the shorts that 0.1 million shares have been sold at a short interest cover period of 0.27 day(s).

HeartCore Enterprises Inc (HTCR) estimates and forecasts

HeartCore Enterprises Inc share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 87.66 percent over the past six months and at a 360.00% annual growth rate that is well above the industry average of 33.10%.

Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -34.25%.

HTCR Dividends

HeartCore Enterprises Inc’s next quarterly earnings report is expected to be released in February. The annual dividend yield of the stock is 1.34 percent and its annual dividend per share was 0.02. It is important to note, however, that the 1.34% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision.

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

Upon looking at major shareholders, it appears that insiders hold 75.14% of HeartCore Enterprises Inc shares, and 0.85% of them are in the hands of institutional investors. The stock currently has a share float of 3.44%. HeartCore Enterprises Inc stock is held by 5.0 institutions, with PROSPERITY FINANCIAL GROUP, INC. being the largest institutional investor. By 2024-06-30, it held 0.5227% of the shares, which is about 0.11 million shares worth $76038.0.

TWO SIGMA INVESTMENTS, LP, with 0.2114% or 44088.0 shares worth $30756.0 as of 2024-06-30, holds the second largest percentage of outstanding shares.