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HeartCore Enterprises, Inc.
(NASDAQ:HTCR)
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Rating:48Neutral
Price Target:
$2.00
▼(-24.53% Downside)
Action:Reiterated
Date:09/26/26
The score is held down primarily by weak financial performance—sharp TTM revenue contraction, deteriorating gross margin, and ongoing negative operating/free cash flow despite positive net income (low earnings quality). Technicals also lean bearish with the stock below key moving averages and a negative MACD. The main offset is the very low P/E, which improves the valuation component but does not outweigh the fundamental cash burn and operating pressure.
Positive Factors
Improved balance-sheet leverage
The sharp reduction in debt-to-equity lowers balance-sheet pressure and may improve financial flexibility relative to prior years. Positive, sizable equity also provides a stronger capital base, although the company still needs to address operating cash consumption.
Negative Factors
Sharp revenue contraction
A steep TTM revenue decline indicates weakening demand, reduced execution momentum, or both, and makes future scale harder to achieve. Continued top-line pressure could limit investment in products and services while increasing the importance of retaining existing customers and controlling costs.
Read all positive and negative factors
Positive Factors
Negative Factors
Improved balance-sheet leverage
The sharp reduction in debt-to-equity lowers balance-sheet pressure and may improve financial flexibility relative to prior years. Positive, sizable equity also provides a stronger capital base, although the company still needs to address operating cash consumption.
Read all positive factors
HeartCore Enterprises, Inc. (HTCR) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$3.09M
Dividend Yield0.87%
Average Volume (3M)13.53K
Price to Earnings (P/E)0.6
Beta (1Y)1.38
Revenue Growth-78.15%
EPS GrowthN/A
CountryUS
Employees44
SectorTechnology
Sector Strength88
IndustrySoftware - Application
Share Statistics
EPS (TTM)3.13
Shares Outstanding1,515,328
10 Day Avg. Volume12,283
30 Day Avg. Volume13,527
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<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda>-0.01
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. provides initial public offerings (IPO) consulting services in Japan, the United States, and internationally. It offers Go IPO consulting services, including assisting with introductions to law firms, underwriters, and ...
How the Company Makes Money
HTCR primarily makes money by selling and supporting its enterprise software products and by providing related services. Key revenue streams include: (1) software revenue from licensing and/or subscriptions for its core products (including its cus...
HeartCore Enterprises, Inc. Financial Statement Overview
Summary
Income Statement
42
Neutral
Balance Sheet
58
Neutral
Cash Flow
28
Negative
| Breakdown | TTM | Dec 2025 | Mar 2025 | Mar 2024 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 6.47M | 8.97M | 30.41M | 21.85M | 8.82M | 10.82M |
| Gross Profit | 2.02M | 3.15M | 17.83M | 8.07M | 3.35M | 5.19M |
| EBITDA | -3.41M | -4.01M | -4.46M | -4.16M | -6.55M | 163.53K |
| Net Income | 3.89M | 5.79M | -1.48M | -4.19M | -6.68M | -338.16K |
Balance Sheet | ||||||
| Total Assets | 8.87M | 13.06M | 13.97M | 19.62M | 12.14M | 9.12M |
| Cash, Cash Equivalents and Short-Term Investments | 3.26M | 5.68M | 6.62M | 1.95M | 7.18M | 3.14M |
| Total Debt | 419.42K | 756.18K | 3.78M | 4.89M | 4.55M | 6.19M |
| Total Liabilities | 3.80M | 5.78M | 10.50M | 11.96M | 7.33M | 9.68M |
| Stockholders Equity | 4.90M | 8.78M | 4.65M | 5.17M | 4.81M | -558.95K |
Cash Flow | ||||||
| Free Cash Flow | -3.47M | -3.97M | -4.78M | -4.86M | -4.87M | 730.15K |
| Operating Cash Flow | -3.59M | -3.97M | -4.77M | -4.33M | -4.81M | 766.30K |
| Investing Cash Flow | 5.65M | 5.76M | 6.35M | -1.78M | -12.20K | -179.03K |
| Financing Cash Flow | -3.69M | -1.84M | -318.65K | 136.19K | 8.92M | -257.35K |
HeartCore Enterprises, Inc. Technical Analysis
Negative
2.65
Price Trends
2.34
Negative
2.72
Negative
3.90
Negative
Market Momentum
-0.10
Negative
42.39
Neutral
74.11
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 2.65 is above the 20-day moving average (MA) of 2.08, above the 50-day MA of 2.34, and below the 200-day MA of 3.90, indicating a bearish trend. The MACD of -0.10 indicates Negative momentum. The RSI at 42.39 is Neutral, neither overbought nor oversold. The STOCH value of 74.11 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 25 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 0 New Risks
HeartCore Enterprises, Inc. Peers Comparison
UnderperformOutperform
Sector (61)
HTCR
HeartCore Enterprises, Inc.
2.04
-13.75
-87.08%
AMST
Amesite
0.99
-2.05
-67.43%
CXAI
CXApp
2.53
-34.69
-93.20%
FUSE
Fusemachines
0.56
-13.44
-96.03%
TGL
Treasure Global, Inc.
1.44
-21.16
-93.63%
WCT
Wellchange Holdings Company Limited
8.06
-83.31
-91.18%
HeartCore Enterprises, Inc. Corporate Events
Executive/Board ChangesShareholder Meetings
HeartCore shareholders affirm board and auditor at annual meeting
Positive
Sep 25, 2026
On September 25, 2026, HeartCore Enterprises, Inc. held its virtual annual meeting of stockholders, where shareholders elected five directors, including Sumitaka Yamamoto and Ferdinand Groenewald, to one-year terms on the company’s board. At...
Business Operations and StrategyM&A Transactions
HeartCore Sells Vietnam JV Stake to Luvina Partner
Positive
Aug 7, 2026
On August 3, 2026, HeartCore Enterprises entered into a Capital Contribution Portion Transfer Agreement with Luvina Software Joint Stock Company to sell its entire 51% stake in HeartCore Luvina Vietnam Company Limited, its Vietnam-based software d...
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.