The trading price of Healthcare Triangle Inc (NASDAQ:HCTI) closed higher on Firday, October 25, and closing at $0.58, 6.83% higher than its previous close.
Traders who pay close attention to intraday price movement should know that it fluctuated between $0.49 and $0.58. In examining the 52-week price action we see that the stock hit a 52-week high of $4.87 and a 52-week low of $0.29. Over the past month, the stock has gained 27.22% in value.
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Healthcare Triangle Inc, whose market valuation is $3.28 million at the time of this writing, is expected to release its quarterly earnings report in November. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by 0 per share this quarter, however they have predicted annual earnings per share of 0 for current year and 0 for next year.
On the technical side, indicators suggest HCTI has a 50% Sell on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 50% Sell, while an average of long term indicators suggests that the stock is currently 50% Sell.
Here is the average analyst rating on the stock as represented by 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock should be considered as either strong buy or strong sell respectively. The number of analysts that have assigned HCTI a recommendation rating is 1. Out of them, 0 rate it a Hold, while 1 recommend Buy, whereas 0 assign an Overweight rating. 0 analyst(s) have tagged Healthcare Triangle Inc (HCTI) as Underweight, while 0 advise Sell. Analysts have rated the stock Buy, likely urging investors to take advantage of the opportunity to add to their holdings of the company’s shares.
A quick review shows that HCTI’s price is currently 22.01% off the SMA20 and 12.85% off the SMA50. The RSI metric on the 14-day chart is currently showing 63.30, and weekly volatility stands at 13.62%. When measured over the past 30 days, the indicator reaches 14.15%. Healthcare Triangle Inc (NASDAQ:HCTI)’s beta value is currently sitting at 0.86, while the Average True Range indicator is currently displaying 0.07.
To see how Healthcare Triangle Inc stock has been performing in comparison to its peers in the industry, here are the numbers: HCTI stock’s performance was 6.83% in the latest trading, and -85.84% in the past year.
An evaluation of the daily trading volume of Healthcare Triangle Inc (NASDAQ:HCTI) indicates that the 3-month average is 557.49K. However, this figure has increased over the past 10 days to an average of 0.75.
Currently, records show that 4.31 million of the company’s shares remain outstanding. The insiders hold 46.74% of outstanding shares, whereas institutions hold 1.86%. The stats also highlight that short interest as of 2024-10-15, stood at 25858.0 shares, resulting in a short ratio of 0.02 at that time. From this, we can conclude that short interest is 86.00 of the company’s total outstanding shares. It is noteworthy that short shares in October were down slightly from the previous month’s figure, which was 25949.0. However, since the stock’s price has seen -78.91% year-to-date, investors’ interest is likely to be reignited due to its potential to move even lower.
