The company, active in the Healthcare sector, saw a trading volume of around 400.28 million for the day, considerably higher average daily volume of 131.45 million observed over the last three months.
The market performance of Healthcare Triangle Inc has been somewhat unstable.
How Financial Performance Impacts Market Capitalization
Healthcare Triangle Inc (HCTI) has experienced a quarterly decline of -98.18% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 3.31M and boasts a workforce of 60 employees.
The Role of Moving Averages and Trading Volume in Technical Analysis
Based on Barchart.com data, the company’s moving average over the 100-day period was 0.4168, with a change in price of -1.1919. Similarly, Healthcare Triangle Inc recorded 83,628,117 in trading volume during the last 100 days, posting a change of -99.32%.
How HCTI’s Debt-to-Equity Ratio Affects Financial Health
A company’s financial condition and market reputation can be evaluated using the debt-to-equity (D/E) ratio. This ratio, calculated by dividing a company’s total liabilities by its shareholders’ equity, indicates the proportion of debt a company employs to back its assets in relation to its shareholders’ equity. At the time of writing, the total D/E ratio for HCTI stands at 0.09. Similarly, the long-term debt-to-equity ratio is also 0.00.
HCTI Stock Stochastic Average
As of today, the raw stochastic average of Healthcare Triangle Inc over the past 50 days is 0.53%. This is a increase compared to the raw stochastic average of the last 20 days, which was recorded at 0.53%. Additionally, the Stochastic %K and %D values for the company were 0.44% and 0.27%, respectively, over the past 20 days.
HCTI Stock Price Performance Analysis
Investors have been left with mixed emotions regarding the stock price performance over the year, as it’s been a mixed bag. The metric has seen a significant loss of -99.18% since the start of this calendar year. Looking back over the last six months, we can see a stronger performance of -99.09%. Over the past 30 days, the price of HCTI has leaped by -94.84%. And in the last five days, it has surged by 22.73%.
