Healthcare Triangle Inc (NASDAQ:HCTI) price on Thursday, June 12, rose 226.09% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $0.03.
A look at the stock’s price movement, the close in the last trading session was $0.01. Overall, HCTI moved -85.92% over the past month.
Healthcare Triangle Inc’s market cap currently stands at around $12.26 million, with investors looking forward to this quarter’s earnings report slated for in July.
Turning to the stock’s technical picture we see that short term indicators suggest on average that HCTI is a 50% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
1 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 0 analyst(s) rate the stock as a Hold, 1 recommend HCTI as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
HCTI’s current price about 195.86% and -76.72% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 39.82, while 7-day volatility ratio is 54.35% and 61.76% in the 30-day chart. Further, Healthcare Triangle Inc (HCTI) has a beta value of -0.16, and an average true range (ATR) of 0.02.
If we refocus on Healthcare Triangle Inc (NASDAQ:HCTI), historical trading data shows that trading volumes averaged 186.12 million over the past 3 months. The company’s latest data on shares outstanding shows there are 408.45 million shares.
The 0.32% of Healthcare Triangle Inc’s shares are in the hands of company insiders while institutional holders own 0.24% of the company’s shares. Current price change has pushed the stock -96.96% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the HCTI stock continues to rise going into the next quarter.
