Healthcare Triangle Inc. (NASDAQ:HCTI) saw an upside of 11.59% to $0.26 after adding $0.03 on Tuesday. The 5-day average trading volume is 852,739 shares of the company’s common stock. It has gained $0.2700 in the past week and touched a new high 2 times within the past 5 days. An average of 975,445 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 2,835,548.
HCTI’s 1-month performance is 8.98% or $0.0470 on its low of $0.1701 reached on 12/28/22. The company’s shares have touched a 52-week low of $0.11 and high of $1.68, with the stock’s rally to the 52-week high happening on 01/20/23. YTD, HCTI has achieved 29.66% or $0.0783 and has reached a new high 3 times. However, the current price is down -84.52% from the 52-week high price.
Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.20 while the price-to-book (PB) in the most recent quarter is 0.48.
Healthcare Triangle Inc.’s quick ratio for the period ended September 29 was 2.20, with the current ratio over the same period at 2.20. In terms of profitability, the gross margin trailing 12 months is 26.80%. The firm’s gross profit as reported stood at $10.52 million against revenue of $35.27 million.
For the quarterly period ending September 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 14.96% to -$2.34 million, while revenue of -$0.41 million was 82.48% off the previous quarter. Analysts expected HCTI to announce -$0.04 per share in earnings in its latest quarter, but it posted -$0.07, representing a -75.00% surprise. EBITDA for the quarter stood at more than -$1.34 million. HCTI stock balance sheet for the quarter ending September 29 shows that total liabilities totaled 7.29 million, with total debt at $2.49 million. Shareholders hold equity totaling $41.63 million.
Let’s look briefly at Healthcare Triangle Inc. (HCTI) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 23 January was 62.76% to suggest the stock is trending Neutral, with historical volatility in this time period at 120.61%.
The stock’s 5-day moving average is $0.2351, reflecting a +15.18% or $0.0340 change from its current price. HCTI is currently trading +23.74% above its 20-day SMA, -50.26% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +32.31% and SMA200 by-78.85%.
Stochastic %K and %D was 75.06% and 69.97% and the average true range (ATR) pointed at 0.0397. The RSI (14) points at 57.55%, while the 14-day stochastic is at 87.77% with the period’s ATR at 0.0448. The stock’s 9-day MACD Oscillator is pointing at 0.0215 and 0.0295 on the 14-day charts.
Analysts offering their rating for HCTI stock have a consensus rating for the stock as Buy. Currently, 0 brokerage advisors rate HCTI as a “sell,”, while 0 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 1 have offered a “buy” rating.
What is HCTI’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $1.50 and a high of $1.50, with their median price target at $1.50. Looking at these predictions, the average price target given by analysts is for Healthcare Triangle Inc. (HCTI) stock is $1.50.