HeartCore Enterprises (NASDAQ:HTCR) Issues Earnings Results, Misses Estimates By $1.46 EPS

HeartCore Enterprises (NASDAQ:HTCR) announced its quarterly earnings results on Friday. The company reported ($1.49) EPS for the quarter, missing analysts’ consensus estimates of ($0.03) by ($1.46), FiscalAI reports. HeartCore Enterprises had a negative net margin of 67.96% and a negative return on equity of 130.76%. The firm had revenue of $1.25 million for the quarter, compared to the consensus estimate of $5.50 million.

HeartCore Enterprises Trading Down 3.3%

HTCR stock traded down $0.09 during mid-day trading on Friday, reaching $2.66. 37,826 shares of the stock traded hands, compared to its average volume of 72,102. HeartCore Enterprises has a one year low of $2.64 and a one year high of $33.40. The stock has a market capitalization of $3.38 million, a PE ratio of -0.22 and a beta of 1.56. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.58 and a current ratio of 1.58. The business has a 50-day moving average price of $3.83 and a two-hundred day moving average price of $6.64.

Hedge Funds Weigh In On HeartCore Enterprises

Several hedge funds have recently added to or reduced their stakes in HTCR. Virtu Financial LLC lifted its stake in HeartCore Enterprises by 306.7% in the third quarter. Virtu Financial LLC now owns 44,829 shares of the company’s stock worth $36,000 after purchasing an additional 33,807 shares during the last quarter. Jane Street Group LLC raised its holdings in shares of HeartCore Enterprises by 85.7% in 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 during the period. XTX Topco Ltd bought a new stake in shares of HeartCore Enterprises during the 4th quarter worth approximately $28,000. Finally, Board of Trustees of The Leland Stanford Junior University bought a new stake in shares of HeartCore Enterprises during the 4th quarter worth approximately $30,000. 1.71% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, Weiss Ratings cut shares of HeartCore Enterprises from a “sell (d+)” rating to a “sell (d)” rating in a research report on Friday, April 24th. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Reduce”.

HeartCore Enterprises Company Profile

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.