EddieJayonCrypto
25 Jul 25
Shares of Healthcare Triangle Inc. (HCTI) surged 400% in five days, rising from $0.016 to around $0.07, driven by renewed meme stock interest and Nasdaq's decision to keep the company listed. HCTI must complete a reverse stock split and reach $1.00 for 20 consecutive days by September 5th to maintai...
Shares of Healthcare Triangle Inc. (HCTI), a relatively unknown healthcare stock, have skyrocketed by 400% in just five days amid a resurgence of meme investment mania. The California-based company, specializing in cloud and data transformation solutions for healthcare and life sciences, saw its stock surge from $0.016 at the start of the week to a peak of $0.08 on Friday, currently trading around $0.07.
This rapid price increase followed the Nasdaq Hearings Panel's decision to allow Healthcare Triangle to remain listed on the Nasdaq Capital Market. However, the company must complete a reverse stock split within two weeks and achieve a closing price of at least $1.00 for 20 consecutive trading days by September 5th to maintain its listing status.
Despite the recent rally, HCTI's fundamentals show some challenges. The stock’s market capitalization has edged just over $30 million, while the company reported a 10% decline in first-quarter revenue, totaling $3.7 million. This downturn is primarily driven by reduced demand across all services, with the top five clients making up 57% of total revenue. Starting 2025 at $0.89, the stock remains down about 92% year-to-date, signaling volatility and uncertainty despite the recent explosive gains.