HeartCore Enterprises Inc (NASDAQ:HTCR) does about 33.61K shares in volume on a normal day but saw 6851617 shares change hands in the recent trading day. The company now has a market cap of 23.57M USD. Its current market price is $1.13, marking an increase of 14.14% compared to the previous close of $0.99. The 52 week high reached by this stock is $1.25 whilst the lowest price level in 52 weeks is $0.36.
HeartCore Enterprises Inc (HTCR) has a 20-day trading average at $0.8418 and the current price is -9.60% off the 52-week high compared with 213.89% distance from its 52-week low. The 50-day simple moving average of the closing price is $0.7319 and its 200-day simple moving average is $0.7477. If we look at the stock’s price movements over the week, volatility stands at 17.97%, which decreases to 11.74% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 76.06 to suggest the stock is overbought.
The consensus objective for the share price is $2.75, suggesting that the stock has a potential upside of 58.91% over the period.
The current price level is 34.23%, 54.39%, and 51.13% away from its SMA20, SMA50, and SMA200 respectively, with the HTCR price moving below the 50-day SMA on current market day. HeartCore Enterprises Inc (HTCR) stock is up 38.49% over the week and 63.79% over the past month. Its price is 77.12% year-to-date and 23.50% over the past year.
To reach the target analysts have set, the stock logically needs to grow 58.91 percent from here.
Outstanding shares total 20.84M with insiders holding 75.39% of the shares and institutional holders owning 1.25% of the company’s common stock. The company has a return on investment of -173.55% and return on equity of -145.16%. The forward price to earnings ratio is 10.59. The beta has a value of 1.55. Price to book ratio is 14.69 and price to sales ratio is 1.38.
