Are You Considering Healthcare Triangle Inc. (HCTI) As Part Of Your Portfolio?

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The stock of Healthcare Triangle Inc. (NASDAQ:HCTI) decreased by $0.0 on Wednesday to $0.16, down 0.00 percent. The last five days have seen an average of 315,963 shares of common stock traded. 3 times new highs were reached in the current year, with a fall of -$1.6300. The average number of shares traded over the last 20 days was 423,441, while the average volume over the last 50 days totaled 392,504.

HCTI stock dropped -55.56% since last month. On 11/11/22, the company’s shares reached a one-month low of $0.1390. The stock touched a high of $2.78 on 01/06/22, after rallying from a low of $0.14 in 52 weeks. The price of HCTI stock has declined by -91.16% or -$1.6300 this year, reaching a new high 3 times. Still, the stock price is down -94.24% from the 52-week high.


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Financial Health

For the three months ended September 29, Healthcare Triangle Inc.’s quick ratio was 2.20, while its current ratio was 2.20, indicating its ability to pay off its debt. As far as profitability goes, gross margin for the trailing twelve months is 26.80% percent. Healthcare Triangle Inc.’s operating margin stood at -17.30% for the same period. Based on annual data, it had gross profit of $10.52 million and revenue of $35.27 million.

Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. HCTI’s return on assets (ROA) during the last 12 months has been -28.70%. There was a -27.70% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was -43.40%.

Earnings Surprise

According to Healthcare Triangle Inc.’s quarterly financial report for the quarter that ended September 29. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $11.95 million, while revenues rose by 32.38% to $11.59 million. It was predicted that Healthcare Triangle Inc.’s quarterly earnings would be -$0.07, but it ended up being -$0.04, beating the consensus by -75.00%. EBITDA was -$1.34 million for the quarter. At the end of Healthcare Triangle Inc.’s most recent quarter ended September 29, its liabilities totaled 7.29 million, while its total debt was $2.49 million. Equity owned by shareholders amounts to $41.63 million.

Technical Picture

Here’s a quick look at Healthcare Triangle Inc.’s (HCTI) price momentum from a technical perspective. As of 22 November, the RSI 9-day stood at 41.65%, suggesting the stock is Neutral, with a 150.59% historical volatility rate.

The stochastic %K and %D were 28.99% and 29.70% respectively, while the average true range (ATR) was 0.0410. Based on the 14-day stochastic reading of 37.34%, the RSI (14) reading is 38.66%. On the 9-day MACD Oscillator, the stock is at 0.0022, and the 14-day reading is at -0.0110.

What is HCTI’s price target for the next 12 months?

The current consensus forecast for the stock is between $1.50 and $1.50, with a median target price of $1.50. In analyzing these forecasts, the average price target given by analysts for Healthcare Triangle Inc. (HCTI) is $1.50.

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