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NASDAQ:HCTI

Healthcare Triangle (HCTI) Stock Price, News & Analysis

Healthcare Triangle logo
$1.36
+0.03 (+2.26%)
(As of 10/31/2024 ET)

About Healthcare Triangle Stock (NASDAQ:HCTI)

Key Stats

Today's Range
$1.29
$1.55
50-Day Range
$0.32
$1.33
52-Week Range
$0.29
$4.87
Volume
1.14 million shs
Average Volume
1.14 million shs
Market Capitalization
$7.71 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
N/A
Consensus Rating
N/A

Company Overview

Healthcare Triangle, Inc., a healthcare information technology company, focuses on developing solutions in the sectors of cloud services, data science, and professional and managed services for the electronic health record, and healthcare and life sciences industry. It provides a suite of software, solutions, platforms, and services that enables healthcare and pharma organizations to deliver personalized healthcare, precision medicine, advances in drug discovery, development and efficacy, collaborative research and development, respond to evidence, and accelerate their digital transformation. The company's software platforms include CloudEz, an enterprise multi-cloud transformation and management platform that enables customers to manage their cloud infrastructure in private, hybrid, and public cloud infrastructures; and DataEz, a cloud-based data analytics and data science platform for the data analytics and data science requirements of life sciences/pharmaceutical and healthcare provider organizations. It also provides Readabl.AI, a Software-as-a-Service solution that uses public cloud artificial intelligence and machine learning to recognize and extract healthcare information from documents, faxes, and narrative reports. In addition, the company offers cloud IT services; and healthcare IT services, such as electronic health records and software implementation, optimization, and extension to community partners, as well as application managed services, and backup and disaster recovery on public cloud. It primarily serves healthcare delivery organizations, healthcare insurance companies, pharmaceutical and life sciences, biotech companies, and medical device manufacturers. The company was incorporated in 2019 and is based in Pleasanton, California. Healthcare Triangle, Inc. is a subsidiary of SecureKloud Technologies, Inc.

Healthcare Triangle Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
14th Percentile Overall Score

HCTI MarketRank™: 

Healthcare Triangle scored higher than 14% of companies evaluated by MarketBeat. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Healthcare Triangle is -0.56, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Healthcare Triangle is -0.56, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

  • Price to Book Value per Share Ratio

    Healthcare Triangle has a P/B Ratio of 11.33. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

  • Read more about Healthcare Triangle's valuation and earnings.
  • Percentage of Shares Shorted

    0.86% of the float of Healthcare Triangle has been sold short.
  • Short Interest Ratio / Days to Cover

    Healthcare Triangle has a short interest ratio ("days to cover") of 0, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Healthcare Triangle has recently decreased by 71.35%, indicating that investor sentiment is improving significantly.
  • Dividend Yield

    Healthcare Triangle does not currently pay a dividend.

  • Dividend Growth

    Healthcare Triangle does not have a long track record of dividend growth.

  • Percentage of Shares Shorted

    0.86% of the float of Healthcare Triangle has been sold short.
  • Short Interest Ratio / Days to Cover

    Healthcare Triangle has a short interest ratio ("days to cover") of 0, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Healthcare Triangle has recently decreased by 71.35%, indicating that investor sentiment is improving significantly.
  • News Sentiment

    Healthcare Triangle has a news sentiment score of 0.64. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Medical companies.
  • News Coverage This Week

    MarketBeat has tracked 4 news articles for Healthcare Triangle this week, compared to 0 articles on an average week.
  • Search Interest

    5 people have searched for HCTI on MarketBeat in the last 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, Healthcare Triangle insiders have not sold or bought any company stock.

  • Percentage Held by Insiders

    Only 2.50% of the stock of Healthcare Triangle is held by insiders.

  • Percentage Held by Institutions

    Only 0.33% of the stock of Healthcare Triangle is held by institutions.

  • Read more about Healthcare Triangle's insider trading history.
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HCTI Stock News Headlines

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The real health care solution no one is talking about
UNC Health expansion in Clayton blocked
UNC Health faces further delay for $250M hospital
See More Headlines

HCTI Stock Analysis - Frequently Asked Questions

Healthcare Triangle's stock was trading at $2.75 at the beginning of the year. Since then, HCTI stock has decreased by 50.5% and is now trading at $1.36.
View the best growth stocks for 2024 here
.

Healthcare Triangle, Inc. (NASDAQ:HCTI) posted its earnings results on Monday, August, 19th. The company reported ($0.28) earnings per share (EPS) for the quarter. The business had revenue of $2.98 million for the quarter. Healthcare Triangle had a negative net margin of 48.54% and a negative trailing twelve-month return on equity of 773.20%.

Shares of Healthcare Triangle reverse split on Friday, May 26th 2023. The 1-10 reverse split was announced on Friday, May 26th 2023. The number of shares owned by shareholders was adjusted after the market closes on Friday, May 26th 2023. An investor that had 100 shares of stock prior to the reverse split would have 10 shares after the split.

Healthcare Triangle (HCTI) raised $21 million in an initial public offering (IPO) on Friday, October 8th 2021. The company issued 4,600,000 shares at a price of $4.00-$5.00 per share. EF Hutton (formerly Kingswood, a division of Benchmark Investments) acted as the underwriter for the IPO.

Shares of HCTI stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Based on aggregate information from My MarketBeat watchlists, some other companies that Healthcare Triangle investors own include Meta Platforms (META), NVIDIA (NVDA), Sangamo Therapeutics (SGMO), Broadcom (AVGO), Adobe (ADBE), Advanced Micro Devices (AMD) and Celestica (CLS).

Company Calendar

Last Earnings
8/19/2024
Today
10/31/2024
Next Earnings (Estimated)
11/11/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Medical
Industry
Computer integrated systems design
Sub-Industry
N/A
Current Symbol
NASDAQ:HCTI
Fax
N/A
Employees
22
Year Founded
N/A

Profitability

Net Income
$-12,340,000.00
Pretax Margin
-48.47%

Debt

Sales & Book Value

Annual Sales
$21.93 million
Book Value
$0.12 per share

Miscellaneous

Free Float
5,525,000
Market Cap
$7.51 million
Optionable
Not Optionable
Beta
0.86
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This page (NASDAQ:HCTI) was last updated on 10/31/2024 by MarketBeat.com Staff
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