Healthcare Triangle, which provides AI-enabled healthcare information solutions, completed a significantly downsized IPO, raising $13.2 million.
The company sold 3.3 million shares at $4 each, the low end of its previously announced range of $4 to $5 per share. Healthcare Triangle had previously planned to offer 4.6 million shares.
Based in Pleasanton, California, Healthcare Triangle will debut on the Nasdaq Wednesday under the ticker symbol HCTI. Shares are available for limit orders on Robinhood and other platforms.
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| Latest market close | $0.46 |
|---|---|
| 52-week range | $0.29 - $4.87 |
| 50-day moving average | $0.52 |
| 200-day moving average | $1.26 |
| Wall St. target price | $1.50 |
| PE ratio | N/A |
| Dividend yield | N/A |
| Earnings per share (TTM) | $-2.41 |
The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.
This chart is not advice or a guarantee of success. Rather, it gauges the real-time recommendations of three popular technical indicators: moving averages, oscillators and pivots. Finder is not responsible for how your stock performs.
Historical closes compared with the close of $0.4675 from 2024-10-18
| 1 week (2024-10-15) | 15.18% |
|---|---|
| 1 month (2024-09-20) | 19.84% |
| 3 months (2024-07-22) | -15.43% |
| 6 months (2024-04-22) | -66.37% |
| 1 year (2023-10-20) | -88.25% |
|---|---|
| 2 years (2022-10-21) | 20.49% |
| 3 years (2021-10-22) | 2.85 |
| 5 years (2019-10-18) | N/A |
| Revenue TTM | $21.9 million |
|---|---|
| Gross profit TTM | $10.5 million |
| Return on assets TTM | -54.5% |
| Return on equity TTM | -287.56% |
| Profit margin | -48.55% |
| Book value | $-0.12 |
| Market Capitalization | $2.3 million |
TTM: trailing 12 months
We're not expecting Healthcare Triangle to pay a dividend over the next 12 months.
You may also wish to consider:
Healthcare Triangle's shares were split on a 1:10 basis on 25 May 2023 . So if you had owned 10 shares the day before before the split, the next day you'd have owned 1 share. This wouldn't directly have changed the overall worth of your Healthcare Triangle shares – just the quantity. However, indirectly, the new 900% higher share price could have impacted the market appetite for Healthcare Triangle shares which in turn could have impacted Healthcare Triangle's share price.
Over the last 12 months, Healthcare Triangle's shares have ranged in value from as little as $0.29 up to $4.87. A popular way to gauge a stock's volatility is its "beta".
Beta is a measure of a share's volatility in relation to the market. The market (NASDAQ average) beta is 1, while Healthcare Triangle's is 0.861. This would suggest that Healthcare Triangle's shares are less volatile than average (for this exchange).
To put Healthcare Triangle's beta into context you can compare it against those of similar companies.
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.
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