Heart Test Laboratories Inc (HSCS) – Don’t Be So Quick to Call it Dead

Heart Test Laboratories Inc (NASDAQ: HSCS) is -26.90% lower on its value in year-to-date trading and has touched a low of $0.11 and a high of $2.93 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The HSCS stock was last observed hovering at around $0.13 in the last trading session, with the day’s loss setting it -0.01%.

Currently trading at $0.12, the stock is -6.15% and -22.75% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.86 million and changing -2.42% at the moment leaves the stock -78.06% off its SMA200. HSCS registered -95.44% loss for a year compared to 6-month loss of -86.11%. The firm has a 50-day simple moving average (SMA 50) of $1.68k and a 200-day simple moving average (SMA200) of -$1.70.

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The stock witnessed a -18.46% gain in the last 1 month and extending the period to 3 months gives it a -16.28%, and is -11.35% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 7.54% over the week and 10.05% over the month.

Heart Test Laboratories Inc (HSCS) has around 12 employees, a market worth around $1.40M and $0.01M in sales. Profit margin for the company is -104097.59%. Distance from 52-week low is 13.02% and -95.73% from its 52-week high.

Heart Test Laboratories Inc quarterly earnings per share for the current quarter are estimated at -$0.06.The EPS is expected to grow by 68.75% this year, but quarterly earnings will post 1,900.00% year-over-year.

15 institutions hold shares in Heart Test Laboratories Inc (HSCS), with institutional investors hold 1.62% of the company’s shares. The shares outstanding are 10.12M, and float is at 9.35M with Short Float at 27.88%. Institutions hold 1.35% of the Float.

The top institutional shareholder in the company is Tradition Wealth Management, LLC with over 0.15 million shares valued at $0.13 million. The investor’s holdings represent 1.36% of the HSCS Shares outstanding. As of Jun 29, 2023, the second largest holder is Oliver Lagore Vanvalin Investment Group with 0.11 million shares valued at $0.1 million to account for 1.03% of the shares outstanding. The other top investors are Royal Bank of Canada which holds 85980.0 shares representing 0.78% and valued at over $77811.0, while AE Wealth Management LLC holds 0.63% of the shares totaling 69607.0 with a market value of $29652.0.