HeartCore Enterprises (NASDAQ:HTCR) Announces Quarterly Earnings Results

HeartCore Enterprises (NASDAQ:HTCR) released its quarterly earnings data on Thursday. The company reported ($1.45) EPS for the quarter, missing analysts’ consensus estimates of $0.40 by ($1.85), FiscalAI reports. The company had revenue of ($0.69) million for the quarter, compared to analysts’ expectations of $6.20 million.

HeartCore Enterprises Stock Performance

HTCR stock traded up $0.14 during trading on Friday, hitting $2.60. 19,281 shares of the company’s stock traded hands, compared to its average volume of 35,026. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.10. HeartCore Enterprises has a 52 week low of $2.01 and a 52 week high of $33.40. The stock has a fifty day moving average price of $2.86 and a two-hundred day moving average price of $3.72. The stock has a market capitalization of $3.74 million, a price-to-earnings ratio of -1.14 and a beta of 1.65.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. XTX Topco Ltd bought a new stake in shares of HeartCore Enterprises during the 4th quarter worth $28,000. Jane Street Group LLC boosted its stake in HeartCore Enterprises by 85.7% during the fourth quarter. Jane Street Group LLC now owns 113,176 shares of the company’s stock worth $35,000 after buying an additional 52,217 shares in the last quarter. Finally, Virtu Financial LLC raised its holdings in shares of HeartCore Enterprises by 306.7% in the 3rd quarter. Virtu Financial LLC now owns 44,829 shares of the company’s stock worth $36,000 after buying an additional 33,807 shares in the last quarter. Institutional investors own 1.71% of the company’s stock.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed 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. According to MarketBeat, HeartCore Enterprises presently has a consensus rating of “Reduce”.

About HeartCore Enterprises

HeartCore Enterprises, Inc, a software development company, provides Software as a Service solutions to enterprise customers in Japan and internationally. Its customer experience management platform includes marketing, sales, service, and content management systems, as well as other tools and integrations, which enable companies to enhance the customer experience and drive engagement. The company also operates a digital transformation business that offers customers with robotics process automation, process mining, and task mining to accelerate the digital transformation of enterprises.