HeartCore Enterprises (NASDAQ:HTCR) Shares Down 0.1% – What’s Next?

HeartCore Enterprises, Inc. (NASDAQ:HTCR) was down 0.1% during trading on Friday. The stock traded as low as $1.63 and last traded at $1.7890. Approximately 8,247 shares traded hands during mid-day trading, a decline of 78% from the average daily volume of 38,066 shares. The stock had previously closed at $1.79.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of HeartCore Enterprises in a research report on Tuesday, July 21st. One research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, HeartCore Enterprises currently has a consensus rating of “Reduce”.

HeartCore Enterprises Stock Performance

The firm’s 50-day moving average is $2.27 and its 200 day moving average is $2.87. The firm has a market capitalization of $2.71 million, a P/E ratio of -0.42 and a beta of 1.67.

HeartCore Enterprises (NASDAQ:HTCR) last announced its earnings results on Thursday, August 13th. The company reported ($1.45) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.40 by ($1.85). The firm had revenue of $0.32 million during the quarter, compared to analyst estimates of $6.20 million. HeartCore Enterprises had a net margin of 15.42% and a negative return on equity of 138.90%.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in HeartCore Enterprises stock. Board of Trustees of The Leland Stanford Junior University bought a new position in shares of HeartCore Enterprises, Inc. (NASDAQ:HTCR) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 100,000 shares of the company’s stock, valued at approximately $30,000. HeartCore Enterprises makes up about 0.0% of Board of Trustees of The Leland Stanford Junior University’s holdings, making the stock its 21st biggest position. Board of Trustees of The Leland Stanford Junior University owned about 0.39% of HeartCore Enterprises as of its most recent SEC filing. 1.71% of the stock is owned by institutional investors.

HeartCore Enterprises Company Profile

HeartCore Enterprises, Inc is a technology and consulting company that provides enterprise software and digital transformation services. Through its operations in Japan and other markets, the company helps businesses manage digital content, customer interactions and organizational data.

Its software offerings are centered on content management and customer experience, supporting activities such as website management, digital marketing, customer relationship management and enterprise data management.