HeartCore Enterprises Inc (NASDAQ:HTCR) shares, rose in value, with the stock price up by 26.83% to the previous day’s close as strong demand from buyers drove the stock to $0.74.
Actively observing the price movement in the last trading, the stock closed the session at $0.58. Referring to stock’s 52-week performance, its high was $3.38, and the low was $0.51. On the whole, HTCR has fluctuated by 28.12% over the past month.
With the market capitalization of HeartCore Enterprises Inc currently standing at about $16.30 million, investors are eagerly awaiting this quarter’s results, scheduled for in June. The company’s Forward Dividend Ratio is 0.02, with its dividend yield at 2.71%.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that HTCR’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium-term indicators have put the stock in the category of 50% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the price of HTCR currently trading nearly 25.90% and 10.30% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 62.02, while the 7-day volatility ratio is showing 10.34% which for the 30-day chart, stands at 8.63%. Furthermore, HeartCore Enterprises Inc (HTCR)’s beta value is 1.99, and its average true range (ATR) is 0.07.
A comparison of HeartCore Enterprises Inc (HTCR) with its peers suggests the former has fared considerably weaker in the market. HTCR showed an intraday change of 26.83% in last session, and over the past year, it shrunk by -8.89%%.
Data on historical trading for HeartCore Enterprises Inc (NASDAQ:HTCR) indicates that the trading volumes over the past 3 months, they’ve averaged 222.18K. According to company’s latest data on outstanding shares, there are 22.08 million shares outstanding.
Nearly 75.47% of HeartCore Enterprises Inc’s shares belong to company insiders and institutional investors own 2.77% of the company’s shares. The stock has fallen by -59.34% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the HTCR stock heading into the next quarter.
