It’s Not A Fantasy To Think That HeartCore Enterprises Inc (HTCR) Has Big Future Potential

HeartCore Enterprises Inc (NASDAQ:HTCR) currently has a daily average trading volume of 186.87K but it saw 373385 shares traded in last market. With a market cap of 34.12M USD, the company’s current market price of $1.63 came rising about 8.67 while comparing to the previous closing price of $1.50. In past 52 weeks, the stock remained buoying in the range of price level as high as $1.55 and as low as $0.45. In the recent trading on the day, stock has struck highest price mark of $1.5063 while lowest mark touched by it was $1.64.

Taking a look at 20-day trading activity of HeartCore Enterprises Inc (HTCR) gives us an average price of $1.2215, while its current price level is 5.16% below from 52-week high level whereas it is 262.22% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $1.0401 while that of 200 days or SMA-200 reads an average of $0.8421. A closer look into the stock’s movement over the week reveals that its volatility is standing at 10.28% during that period while stretching the period over a month that increases to 10.47%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 71.32 which implies that the stock is in overbought territory.

Over the week, HTCR’s stock price is moving 31.45% up while it is 55.24% when we observe its performance for the past one month. Year-to-date it is 155.49% up and over the past year, the stock is showing an upside performance of 162.95%.

Currently, HeartCore Enterprises Inc’s total number of outstanding shares is 20.84M. Company’s return on investment (ROI) stands at 31.35% and return on equity (ROE) at 48.70%. It has a price to earnings ratio (P/E ratio) of 6.92 while having a 10.87 of forward P/E ratio. Stock’s beta reads 1.69. Stock has a price to book (P/B) ratio of 2.74 while price to sale or P/S ratio amounts to 1.13. Its return on asset (ROA) is 21.05% on average.