Healthcare Triangle (HCTI) Stock Price, News & Analysis

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.

Key Stats

• Today's Range: $1.18 to $1.24
• 50-Day Range: $0.32 to $1.36
• 52-Week Range: $0.29 to $4.87
• Volume: 34,449 shs
• Average Volume: 1.10 million shs
• Market Capitalization: $6.80 million
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: N/A
• Consensus Rating: N/A

Healthcare Triangle Stock Analysis - MarketRank™

Healthcare Triangle scored higher than 3% of companies evaluated by MarketBeat. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: N/A
• Analyst Rating: N/A

Consensus Rating

There is not enough analysis data for Healthcare Triangle.

Earnings and Valuation

• Score: 0.0 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of Healthcare Triangle is -0.50, 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 -0.50, 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 10.00. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 2.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

20.95% 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 0.2, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Healthcare Triangle has recently increased by 2,343.24%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Healthcare Triangle does not currently pay a dividend.

Dividend Growth

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

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

20.95% 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 0.2, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Healthcare Triangle has recently increased by 2,343.24%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 2.5 / 5
• News Sentiment: 0.46

News Sentiment

Healthcare Triangle has a news sentiment score of 0.46. 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 3 news articles for Healthcare Triangle this week, compared to 0 articles on an average week.

Search Interest

8 people have searched for HCTI on MarketBeat in the last 30 days.

Company Ownership

• Score: 0.0 / 5
• Insider Trading: N/A

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.

HCTI Stock Analysis - Frequently Asked Questions

How have HCTI shares performed this year?

Healthcare Triangle's stock was trading at $2.75 at the beginning of 2024. Since then, HCTI shares have decreased by 56.4% and is now trading at $1.20.
View the best growth stocks for 2024 here.

How were Healthcare Triangle's earnings last quarter?

Healthcare Triangle, Inc. (NASDAQ:HCTI) issued its quarterly earnings results on Monday, August, 19th. The company reported ($0.28) earnings per share for the quarter. The company 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%.

When did Healthcare Triangle's stock split?

Healthcare Triangle's stock reverse split on the morning of 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.

When did Healthcare Triangle IPO?

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.

How do I buy shares of Healthcare Triangle?

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.

What other stocks do shareholders of Healthcare Triangle own?

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: 11/14/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Medical
• Industry: Computer integrated systems design
• Sub-Industry: N/A
• Current Symbol: NASDAQ:HCTI
• CUSIP: N/A
• CIK: 1839285
• Web: www.healthcaretriangle.com
• Phone: 925-270-4812
• Fax: N/A
• Employees: 22
• Year Founded: N/A

Profitability

• EPS (Most Recent Fiscal Year): ($2.42)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $-12,340,000.00
• Net Margins: -48.54%
• Pretax Margin: -48.47%
• Return on Equity: -773.20%
• Return on Assets: -113.85%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 0.38
• Quick Ratio: 0.38

Sales & Book Value

• Annual Sales: $33.20 million
• Price / Sales: 0.21
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: $0.12 per share
• Price / Book: 10.17

Miscellaneous

• Outstanding Shares: 5,670,000
• Free Float: 5,525,000
• Market Cap: $6.92 million
• Optionable: Not Optionable
• Beta: 0.48