Can This Low Float Pump Again?

A sock that recently went from $2.19 to nearly $11 in five days... [Image] A good pump will see a significant price surge… If it’s an excellent pump, the company that paid for the pump will use it as an opportunity to do a capital raise via a stock offering… Shares will then collapse…and then a few months will pass, and they will try to repeat the process, hoping that investors forget how dirty the company did them. But this might not be your typical pump… And that’s why we have to talk about Healthcare Triangle, Inc. (NASDAQ: HCTI). A sock that recently went from $2.19 to nearly $11 in five days. Healthcare Triangle, Inc. (NASDAQ: HCTI) 1-month trading range: $2.19- $10.84 Typical average daily volume: 515K Float: ~ 1.58 million Healthcare Triangle, Inc. Healthcare Triangle claims to be a hybrid company, seemingly emerging from the union of two distinct entities - one deeply anchored in healthcare and business methodologies while the other allegedly hailing from the cloud. It's almost as if one part of the company is the steady rock, grounded in proven methods, while the other part is like a cloud, flexible and continually evolving with technology. According to them, this fusion has created a partner that offers an all-encompassing solution to various aspects of your organization, including technology, data, care delivery, and business operations. [narMqHP7Lnp1U3u27rv60mA6v7gfTZ7l34LlDgYPGSA-DacL787Ik9MYGrBZZEdDwY5nlNqgfG-nMvLfUOK664oR4aXLIfKUVbtkJ6t7iLxqBI2_iDHX_6PxF9YF_0NP4jUgdAY1Gv4gpL9I50jvpNA] Source: [HealthCare Triangle]( It's as if they are saying, "We're your all-in-one Swiss army knife for healthcare needs." The company says it has achieved HITRUST Risk-based, 2-year Certification for its Cloud and Data Platform (CaDP) hosted on Amazon Web Services (AWS), with supporting network infrastructure on the O365 Cloud. HITRUST certification, as they note, implies that HCTI’s CaDP has met crucial regulations and industry-defined requirements while managing risk effectively. This statement puts Healthcare Triangle in the equivalent of an exclusive club of organizations globally that supposedly hold this certification. They portray themselves as desiring to be your ally, supporting your strides in healthcare enhancement through their pioneering technology and healthcare understanding. This partnership, they suggest, would produce an infallible system that strengthens providers, payers, and life science industries to deliver optimal outcomes, thereby altering healthcare. In terms of experience and capacity, the company claims: - Over a century of combined technology expertise - 300+ solution architects and DevOps engineers with proficiency in multiple stacks - HITRUST certification for its Cloud & Data Platform (CaDP) - 350+ secure, compliant & scalable architectures implemented - 20+ years of EHR Implementation and optimization experience On July 12th, the company announced it was launching a ransomware initiative aimed at protection and prevention for healthcare providers. Financials [asXQan6NZiyfrfdmIZrx3JSfCuxswu1pzdRmsouFpjbLq4PPwKDol4NrAaqhozbGgx11USm7fA-p7fy4iDUk4RZuRcZxIUp9wMEHUnOK_K7F1QfHVYzrbMYERmIyf7OoCxE3d-jZNyrcoX8pFoIrfCI] Source: [Stockanalysis.com]( HCTI is making money…Revenue has been increasing steadily over the years, going from $28.74 million in 2019 to $44.67 million over the last twelve months. However, operating expenses have also surged, going from $4.2 million 2019 to $21.6 million over the last twelve months. What’s worse is the company had a positive net income 2020 of $2.35 million…but now it is -$10.9 million. Its free cash flow is negative, and the company is low on cash. Moreover, its total assets have been declining since 2021. If you’re a value investor (which is unlikely if you’re reading this), then you probably having a hard time finding reasons why to buy this stock. Promoter Activity I got word about this stock from two promoters. Both of them pretty much highlighted the same talking points. Here they are: - Strong Position in Growing Industries: Healthcare Triangle operates within four high-growth industries - Healthcare Cloud Security & Compliance, Healthcare IT Services, Data Science & Analytics, and Cloud Transformation Services. These sectors are projected to grow significantly, which could provide substantial opportunities for the company. - HITRUST Certification: Their Cloud and Data Platform (CaDP) has earned a 2-year HITRUST certification, a noteworthy achievement in maintaining compliance and managing risk. This creates a significant barrier to entry, potentially reducing competition and enhancing their market position. - Potential AI Market Involvement: With the AI-based natural language processing market projected to reach $361.6 billion by 2030, Healthcare Triangle's offerings, like readabl.ai demonstrate the company's potential to capitalize on this high-growth market - Recurring Revenue Streams: Products like readabl.ai offer not just technological advancement but also represent potential sources of recurring revenue. The recent extended partnership with CalvertHealth highlights the product's practical application and income-generation potential. - Recent Significant Contracts: Healthcare Triangle's recent $3 million Cloud DevOps Managed Services contract in the oncology sector indicates their potential for securing lucrative deals, contributing to immediate and future revenue. Promoter A received $15K to bring awareness to the symbol, a campaign that lasted from July 11th to July 13th. Promoter B received $65K for a campaign from July 11th to July 12th. Straight to the Facts HCTI enjoyed a massive runup following the pump…as it went to $10.89. However, the company wasn’t able to get an offer. And now the stock has dipped back down to the $4s. While there’s no catalyst…the stock could still be in play given its recent runup as a potential dip buy opportunity. The fact that it has such a low float is another reason to keep it on your radar. Always at your service, Baron Von Stocks Red Oak Media Group, 7940 Ann Arbor St Dexter MI USA 48130 To update contact information or unsubscribe from this list, please [click here](