Monday – March 27, 2023 7:30 AM
Good morning and happy Monday!
We’re starting the week with a bang by bringing you a low-price and tight float NASDAQ-listed company on our radar: Healthcare Triangle Inc., trading under the ticker $HCTI. Friday’s close was only $0.415!
This healthcare information technology company has been turning heads with their suite of software, solutions, platforms, and services that enable organizations to deliver personalized healthcare, precision medicine, drug discovery, development and efficacy, and collaborative research and development. And with a market cap of only approximately 13.75M, this under-the-radar gem has tremendous potential for growth.
Healthcare Triangle Inc.’s revenue has continued to grow year over year, and they’ve been diversifying the source of revenue by increasing their managed services and support revenue from 6.5M in 2019 to 19M in FYE 2021. Plus, with extremely strong YoY quarterly revenue growth, they’re poised to continue making waves in the industry.
But here’s where things get really exciting. $HCTI‘s history of volatility is off the charts, with several short-term price action swings that range from approximately 80% to a whopping 300%!
We’re seeing a golden cross on the 4-hour chart and a MACD convergence signaling strength, Tradingview.com is reporting that $HCTI is expected to release its earnings today. Could this be the catalyst that sends this tiny float back into outer space?
With strong fundamentals, technicals, and a potential earnings report catalyst, $HCTI should definitely be high on your watch-list today. We’ll be keeping a close eye on any further developments and bringing you updates as they come in.
Remember, when in doubt, zoom out. This history of volatility is extreme, so if we see price action, it’s always a two-way street. Stay tuned for more exciting updates from Virtus Junxit.