At the time of writing, Healthcare Triangle Inc [HCTI] stock is trading at $2.01, up 5.24%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The HCTI shares have gain 8.06% over the last week, with a monthly amount glided 5.79%, and seem to be holding up well over a long-time horizon.
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On 4, April 2024, Healthcare Triangle Announces Strategic Partnership with Cynomi to Enhance Cybersecurity in Healthcare. In a post published today on Yahoo Finance, Healthcare Triangle, Inc. (Nasdaq: HCTI) (“Healthcare Triangle,” “HCTI” or the “Company”), a leading provider of healthcare IT solutions, is thrilled to announce its partnership with Cynomi, a pioneer vCISO platform vendor. This collaboration introduces an innovative Virtual Chief Information Security Officer (vCISO) service tailored specifically for the healthcare provider market, setting a new standard in cybersecurity and compliance.
From an analyst’s perspective:
For the past year, the stock price of Healthcare Triangle Inc fluctuated between $1.75 and $10.89. Healthcare Triangle Inc [NASDAQ: HCTI] shares were valued at $2.01 at the most recent close of the market.
Analyzing the HCTI fundamentals
According to Healthcare Triangle Inc [NASDAQ:HCTI], the company’s sales were 33.20M for trailing twelve months, which represents an -37.48% plunge. Gross Profit Margin for this corporation currently stands at 0.2% with Operating Profit Margin at -0.34%, Pretax Profit Margin comes in at -0.37%, and Net Profit Margin reading is -0.37%. To continue investigating profitability, this company’s Return on Assets is posted at -1.23, Equity is -2.05 and Total Capital is -5.89. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 8.02.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 1.8800 points at the first support level, and at 1.7600 for the second support level. However, for the 1st resistance point, the stock is sitting at 2.1900, and for the 2nd resistance point, it is at 2.3800.
Ratios To Look Out For
It is important to note that Healthcare Triangle Inc [NASDAQ:HCTI] has a current ratio of 0.71. In addition, the Quick Ratio stands at 0.71 and the Cash Ratio stands at 0.15. Considering the valuation of this stock, the price to sales ratio is 0.28, the price to book ratio is 16.10.
