HeartCore Enterprises, Inc. (HTCR)
NASDAQ:HTCR
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HeartCore Enterprises, Inc.
(NASDAQ:HTCR)
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Rating:50Neutral
Price Target:
$3.50
▲(1029.03% Upside)
Action:ReiteratedDate:05/02/26
The score is held back primarily by weak financial quality (unstable revenue and persistently negative operating/free cash flow) and bearish technicals (below key moving averages with negative MACD). Offsetting factors include very low P/E valuation and positive corporate developments (Nasdaq compliance and a $2M buyback authorization).
Positive Factors
Balance Sheet Strength
Materially lower debt and a very low debt-to-equity ratio meaningfully reduce financial leverage and default risk. Over the next 2–6 months this stronger balance sheet increases strategic optionality, enabling management to fund operations, pursue selective investments or execute buybacks without urgent refinancing needs.
Negative Factors
Weak Cash Generation
Persistent negative operating and free cash flow across multiple years demonstrates structural cash burn that undermines operational resilience. Over a 2–6 month horizon this restricts the company’s ability to self-fund growth, makes it reliant on outside financing or asset sales, and elevates execution risk for strategic initiatives.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance Sheet Strength
Materially lower debt and a very low debt-to-equity ratio meaningfully reduce financial leverage and default risk. Over the next 2–6 months this stronger balance sheet increases strategic optionality, enabling management to fund operations, pursue selective investments or execute buybacks without urgent refinancing needs.
Read all positive factors
HeartCore Enterprises, Inc. (HTCR) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$4.53M
Dividend Yield41.26%
Average Volume (3M)449.34K
Price to Earnings (P/E)1.2
Beta (1Y)1.20
Revenue Growth-56.47%
EPS GrowthN/A
CountryUS
Employees91
SectorTechnology
Sector Strength88
IndustrySoftware - Application
Share Statistics
EPS (TTM)5.80
Shares Outstanding1,271,786
10 Day Avg. Volume529,066
30 Day Avg. Volume449,340
Financial Highlights & Ratios
PEG Ratio>-0.01
Price to Book (P/B)0.80
Price to Sales (P/S)0.78
P/FCF Ratio-1.77
Enterprise Value/Market Cap-0.23
Enterprise Value/Revenue-0.08
Enterprise Value/Gross Profit-0.19
Enterprise Value/Ebitda0.32
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)1.8
Revenue Forecast (FY)$26.60M
HeartCore Enterprises, Inc. Business Overview & Revenue Model
Company Description
HeartCore Enterprises, Inc., a software development company, provides Software as a Service solutions to enterprise customers in Japan and internationally. Its customer experience management platform includes marketing, sales, service, and content...
How the Company Makes Money
null...
HeartCore Enterprises, Inc. Financial Statement Overview
Summary
Income Statement
38
Negative
Balance Sheet
62
Positive
Cash Flow
24
Negative
| Breakdown | Dec 2025 | Mar 2025 | Mar 2024 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 8.97M | 30.41M | 21.85M | 8.82M | 10.82M |
| Gross Profit | 3.15M | 17.83M | 8.07M | 3.35M | 5.19M |
| EBITDA | -4.01M | -4.46M | -4.16M | -6.55M | 163.53K |
| Net Income | 5.79M | -1.48M | -4.19M | -6.68M | -338.16K |
Balance Sheet | |||||
| Total Assets | 13.06M | 13.97M | 19.62M | 12.14M | 9.12M |
| Cash, Cash Equivalents and Short-Term Investments | 5.68M | 6.62M | 1.95M | 7.18M | 3.14M |
| Total Debt | 756.18K | 3.78M | 4.89M | 4.55M | 6.19M |
| Total Liabilities | 5.78M | 10.50M | 11.96M | 7.33M | 9.68M |
| Stockholders Equity | 8.78M | 4.65M | 5.17M | 4.81M | -558.95K |
Cash Flow | |||||
| Free Cash Flow | -3.97M | -4.78M | -4.86M | -4.87M | 730.15K |
| Operating Cash Flow | -3.97M | -4.77M | -4.33M | -4.81M | 766.30K |
| Investing Cash Flow | 5.76M | 6.35M | -1.78M | -12.20K | -179.03K |
| Financing Cash Flow | -1.84M | -318.65K | 136.19K | 8.92M | -257.35K |
HeartCore Enterprises, Inc. Technical Analysis
Negative
0.31
Price Trends
4.66
Negative
5.85
Negative
9.15
Negative
Market Momentum
-0.41
Negative
41.30
Neutral
51.71
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HTCR, the sentiment is Negative. The current price of 0.31 is below the 20-day moving average (MA) of 3.89, below the 50-day MA of 4.66, and below the 200-day MA of 9.15, indicating a bearish trend. The MACD of -0.41 indicates Negative momentum. The RSI at 41.30 is Neutral, neither overbought nor oversold. The STOCH value of 51.71 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HTCR.
HeartCore Enterprises, Inc. Risk Analysis
HeartCore Enterprises, Inc. disclosed 66 risk factors in its most recent earnings report. HeartCore Enterprises, Inc. reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 3 New Risks
1.
The value of the equity rights we receive from our GO IPO clients could be volatile, lose value, and even become worthless. Q4, 2023
2.
We provide consulting services and ultimately do not control our client's abilities to go public in the United States or secure a listing on American stock exchanges. Q4, 2023
3.
Our GO IPO business assists companies in navigating the initial public offering process in the US markets. We do not provide investment, accounting, or legal advice. If state or federal regulatory agency determined our Company provided legal or investment advice in violation of existing law, there could be a material adverse effect on our business operations and stock value. Q4, 2023
HeartCore Enterprises, Inc. Peers Comparison
UnderperformOutperform
Sector (61)
HTCR
HeartCore Enterprises, Inc.
3.56
-5.63
-61.27%
AMST
Amesite
1.05
-1.13
-51.83%
CXAI
CXApp
0.17
-0.98
-85.57%
FUSE
Fusemachines
1.70
-10.09
-85.58%
TGL
Treasure Global, Inc.
4.20
-35.20
-89.34%
WCT
Wellchange Holdings Company Limited
1.93
-10.75
-84.78%
HeartCore Enterprises, Inc. Corporate Events
Delistings and Listing ChangesRegulatory Filings and Compliance
HeartCore Regains Nasdaq Compliance, Avoids Delisting Risk
Positive
Apr 22, 2026
HeartCore Enterprises, Inc. reported that on April 20, 2026, it received written notice from Nasdaq’s Listing Qualifications Department confirming the company had regained compliance with the $1.00 minimum bid price requirement for continued...
Delistings and Listing ChangesStock Split
HeartCore Executes 1-for-20 Reverse Stock Split
Neutral
Apr 6, 2026
On March 4, 2026, the board of HeartCore Enterprises, Inc. approved a 1-for-20 reverse stock split of the company’s issued and outstanding common stock, following prior stockholder authorization granted on June 30, 2025. The company then fil...
Regulatory Filings and ComplianceStock Split
HeartCore Announces 1-for-20 Reverse Stock Split Plan
Neutral
Apr 1, 2026
HeartCore Enterprises, Inc. announced on April 1, 2026 that its board approved a 1-for-20 reverse stock split of its issued and outstanding common stock, following stockholder authorization granted on June 30, 2025. The move consolidates every 20 ...
Business Operations and StrategyRegulatory Filings and Compliance
HeartCore Updates Bylaws to Enhance Stockholder Protections
Positive
Mar 27, 2026
On March 24, 2026, HeartCore Enterprises, Inc.’s Board of Directors approved an amendment to the company’s bylaws that revises the attorneys’ fees provision in Section 7.4. The new language preserves the prevailing party’s ...
Business Operations and StrategyStock Buyback
HeartCore Authorizes $2 Million Share Repurchase Program
Positive
Feb 24, 2026
On February 24, 2026, HeartCore Enterprises, Inc. announced that its board had authorized a share repurchase program of up to $2.0 million of its common stock, to be executed through open market purchases, privately negotiated transactions or Rule...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.