Helport AI (NASDAQ:HPAI) Trading Up 4.9% – Here’s Why

Helport AI Limited (NASDAQ:HPAI)’s stock price shot up 4.9% on Monday . The company traded as high as $3.87 and last traded at $3.88. 3,007 shares traded hands during trading, a decline of 65% from the average session volume of 8,615 shares. The stock had previously closed at $3.70.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Helport AI in a report on Friday, October 31st. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, Helport AI presently has a consensus rating of “Sell”.

Helport AI Price Performance

The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.04. The business’s 50-day moving average is $3.65 and its two-hundred day moving average is $3.82.

Institutional Investors Weigh In On Helport AI

An institutional investor recently bought a new position in Helport AI stock. Goldman Sachs Group Inc. purchased a new position in Helport AI Limited (NASDAQ:HPAI) in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 10,631 shares of the company’s stock, valued at approximately $63,000. Institutional investors and hedge funds own 62.44% of the company’s stock.

About Helport AI

Helport AI Ltd. engages in the development of intelligent products, solutions, and a digital platform for customer contact centers. The firm offers AI Assist, a software that provides tailored AI-powered guidance and oversight for contact center interactions and customer experience, with functions including agent assistant, quality assurance (QA) assistant, supervisor assistant, and knowledge base assistant. It also operates Helphub Crowdsourcing Platform, an AI integrated contact center business process outsourcing (BPO) platform that serves both companies providing and seeking BPO services.