HeartCore Enterprises (HTCR) to Announce Quarterly Earnings on Monday

HeartCore Enterprises (NASDAQ:HTCR) is projected to announce its results before the market opens on Monday, August 17th. Analysts expect the company to post earnings of $0.40 per share and revenue of $6.20 million for the quarter.

HeartCore Enterprises (NASDAQ:HTCR) last posted its quarterly earnings results on Friday, May 15th. The company reported ($1.49) earnings per share for the quarter, missing the consensus estimate of ($0.03) by ($1.46). The business had revenue of $1.25 million during the quarter, compared to analyst estimates of $5.50 million.

HeartCore Enterprises Stock Performance

Shares of HTCR opened at $2.74 on Monday. The firm has a market cap of $3.95 million, a P/E ratio of -1.20 and a beta of 1.65. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.17 and a quick ratio of 1.17. HeartCore Enterprises has a 1 year low of $2.01 and a 1 year high of $33.40. The company has a 50 day simple moving average of $2.92 and a two-hundred day simple moving average of $3.82.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (d)” rating on shares of HeartCore Enterprises in a research report on Tuesday, July 21st. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Reduce”.

Hedge Funds Weigh In On HeartCore Enterprises

Several institutional investors have recently added to or reduced their stakes in the company. XTX Topco Ltd purchased a new stake in shares of HeartCore Enterprises during the 4th quarter worth approximately $28,000. Jane Street Group LLC grew 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 valued at $35,000 after purchasing an additional 52,217 shares in the last quarter. Finally, Virtu Financial LLC grew its holdings in shares of HeartCore Enterprises by 306.7% in the third quarter. Virtu Financial LLC now owns 44,829 shares of the company’s stock valued at $36,000 after purchasing an additional 33,807 shares in the last quarter. Hedge funds and other institutional investors own 1.71% of the company’s stock.

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.