Helport AI (NASDAQ:HPAI) Shares Up 6.2% – Time to Buy?

Shares of Helport AI Limited (NASDAQ:HPAI) rose 6.2% on Monday . The company traded as high as $0.4850 and last traded at $0.4590. 91,958 shares changed hands during mid-day trading, a decline of 85% from the average daily volume of 629,365 shares. The stock had previously closed at $0.4322.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Helport AI in a report on Friday. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the company presently has an average rating of “Sell”.

Helport AI Stock Up 1.6%

The firm’s fifty day moving average price is $0.71 and its 200 day moving average price is $1.81.

Helport AI (NASDAQ:HPAI) last issued its earnings results on Friday, June 26th. The company reported ($0.02) earnings per share (EPS) for the quarter. The company had revenue of $8.83 million for the quarter.

Hedge Funds Weigh In On Helport AI

An institutional investor recently bought a new position in Helport AI stock. Goldman Sachs Group Inc. bought a new position in Helport AI Limited (NASDAQ:HPAI) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 10,631 shares of the company’s stock, valued at approximately $63,000. Institutional investors and hedge funds own 62.44% of the company’s stock.

Helport AI Company Profile

Helport AI Ltd. engages in the development of intelligent products, solutions, and a digital platform for customer contact centers. The firm offers AI Assist, a software that provides tailored AI-powered guidance and oversight for contact center interactions and customer experience, with functions including agent assistant, quality assurance (QA) assistant, supervisor assistant, and knowledge base assistant. It also operates Helphub Crowdsourcing Platform, an AI integrated contact center business process outsourcing (BPO) platform that serves both companies providing and seeking BPO services.