HeartCore Enterprises, Inc. (NASDAQ:HTCR) Stock Catapults 28% Though Its Price And Business Still Lag The Industry
HeartCore Enterprises, Inc. (NASDAQ:HTCR) shareholders are no doubt pleased to see that the share price has bounced 28% in the last month, although it is still struggling to make up recently lost ground. But the gains over the last month weren’t enough to make shareholders whole, as the share price is still down 4.2% in the last twelve months.
Although its price has surged higher, HeartCore Enterprises may still be sending very bullish signals at the moment with its price-to-sales (or “P/S”) ratio of 0.6x, since almost half of all companies in the Software industry in the United States have P/S ratios greater than 4.9x and even P/S higher than 10x are not unusual. Although, it’s not wise to just take the P/S at face value as…
