HeartCore Enterprises (NASDAQ:HTCR) Releases Quarterly Earnings Results, Misses Expectations By $1.85 EPS

HeartCore Enterprises (NASDAQ:HTCR) posted its quarterly earnings data on Thursday. The company reported ($1.45) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($1.85), FiscalAI reports. The company had revenue of ($0.69) million during the quarter, compared to analysts’ expectations of $6.20 million.

HeartCore Enterprises Stock Down 8.6%

HeartCore Enterprises stock traded down $0.23 during mid-day trading on Thursday, reaching $2.46. 27,519 shares of the company’s stock were exchanged, compared to its average volume of 35,065. The company has a market cap of $3.54 million, a P/E ratio of -1.07 and a beta of 1.65. HeartCore Enterprises has a twelve month low of $2.01 and a twelve month high of $33.40. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.10. The company has a fifty day moving average of $2.87 and a 200-day moving average of $3.75.

Analyst Upgrades and Downgrades

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

Hedge Funds Weigh In On HeartCore Enterprises

Institutional investors have recently modified their holdings of the business. XTX Topco Ltd purchased a new stake in shares of HeartCore Enterprises during the fourth quarter worth $28,000. Jane Street Group LLC raised its stake 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 acquiring an additional 52,217 shares in the last quarter. Finally, Virtu Financial LLC boosted its holdings in 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 during the period. Institutional investors and hedge funds 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.