HeartCore Enterprises (NASDAQ:HTCR) Stock Falls 0.1% – What’s Next?

HeartCore Enterprises, Inc. (NASDAQ:HTCR – Get Free Report)’s stock price fell 0.1% on Friday. The company traded as low as $1.63 and last traded at $1.7890. 8,247 shares changed hands during trading, a decline of 78% from the average session volume of 38,066 shares. The stock had previously closed at $1.79.

Analysts Set New Price Targets

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

Get Our Latest Report on HTCR

HeartCore Enterprises Stock Down 0.1%

The company has a 50 day moving average price of $2.27 and a 200-day moving average price of $2.87. The company has a market cap of $2.71 million, a price-to-earnings ratio of -0.42 and a beta of 1.67.

HeartCore Enterprises (NASDAQ:HTCR – Get Free Report) last announced its earnings results on Thursday, August 13th. The company reported ($1.45) EPS for the quarter, missing the consensus estimate of $0.40 by ($1.85). HeartCore Enterprises had a net margin of 15.42% and a negative return on equity of 138.90%. The business had revenue of $0.32 million for the quarter, compared to the consensus estimate of $6.20 million.

Hedge Funds Weigh In On HeartCore Enterprises

A hedge fund recently bought a new stake in HeartCore Enterprises stock. Board of Trustees of The Leland Stanford Junior University bought a new position in HeartCore Enterprises, Inc. (NASDAQ:HTCR – Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor 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 approximately 0.39% of HeartCore Enterprises as of its most recent filing with the Securities and Exchange Commission (SEC). 1.71% of the stock is currently owned by institutional investors and hedge funds.

HeartCore Enterprises Company Profile

(Get Free Report)

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.

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