Shares of a little-known healthcare stock have exploded this week as meme investment mania returns.
The California-based Healthcare Triangle Inc. (HCTI) erupted 400% in just five days after the Nasdaq Hearings Panel decided to let the company remain on the Nasdaq Capital Market.
Healthcare Triangle bills itself as a top provider of cloud and data transformation solutions in the healthcare and life science sectors, certified by the information security framework HITRUST.
The nano cap stock began the week at $0.016, reaching a high of $.08 on Friday. HCTI is now trading at $0.07 at time of publishing.
The Nasdaq will allow the stock to continue trading as long as the company executes a reverse stock split within two weeks.
At that point, HCTI will need to close at $1.00 or more for 20 trading days in a row by September 5th.
The stock now has a market cap of just over $30 million after reporting a 10% revenue decline in Q1 at $3.7 million.
The drop was triggered by lower demand for the company’s services across the board, with the firm’s five largest clients accounting for 57% of total revenue.
The stock opened 2025 at $0.89 and despite this week’s breakout, it’s down 92% year-to-date.
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