Healthcare Triangle Inc [NASDAQ: HCTI] stock went on an upward path that rose over 11.38% on Friday, amounting to a one-week price increase of more than 7.87%.
Over the last 12 months, HCTI stock dropped by -40.74%. The one-year Healthcare Triangle Inc stock forecast points to a potential upside of 90.87. The average equity rating for HCTI stock is currently 1.00, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $6.37 million, with 4.31 million shares outstanding and 1.99 million shares in the current float. Compared to the average trading volume of 133.05K shares, HCTI stock reached a trading volume of 24480309 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on Healthcare Triangle Inc [HCTI]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for HCTI shares is $15.00 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on HCTI stock is a recommendation set at 1.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
The Average True Range (ATR) for Healthcare Triangle Inc is set at 0.16, with the Price to Sales ratio for HCTI stock in the period of the last 12 months amounting to 0.19. The Price to Book ratio for the last quarter was 10.97, with the Price to Cash per share for the same quarter was set at 0.26.
HCTI Stock Performance Analysis:
Healthcare Triangle Inc [HCTI] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 7.87. With this latest performance, HCTI shares dropped by -31.84% in over the last four-week period, additionally sinking by -66.09% over the last 6 months – not to mention a drop of -40.74% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for HCTI stock in for the last two-week period is set at 43.76, with the RSI for the last a single of trading hit 49.94, and the three-weeks RSI is set at 41.86 for Healthcare Triangle Inc [HCTI]. The present Moving Average for the last 50 days of trading for this stock 1.7114, while it was recorded at 1.2533 for the last single week of trading, and 3.1428 for the last 200 days.
Insight into Healthcare Triangle Inc Fundamentals:
Healthcare Triangle Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.71 and a Current Ratio set at 0.71.
Healthcare Triangle Inc [HCTI] Institutonal Ownership Details
The top three institutional holders of HCTI stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.4983%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $200.69 billion in HCTI stocks shares; and BERKSHIRE HATHAWAY INC, currently with $174.35 billion in HCTI stock with ownership which is approximately 5.8386%.
