OTCPK:HITC

Stock Analysis Report

Healthcare Integrated Technologies

Executive Summary

Healthcare Integrated Technologies Inc. through its subsidiary, develops health monitoring system for assisted living centers and private homes.


Snowflake Analysis

Weak fundamentals or lack of information.

Share Price & News

How has Healthcare Integrated Technologies's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: HITC's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

0%

HITC

4.9%

US Healthcare Services

9.4%

US Market


1 Year Return

-6.3%

HITC

15.5%

US Healthcare Services

-6.8%

US Market

Return vs Industry: Insufficient data to determine how HITC performed against the US Healthcare Services industry.

Return vs Market: Insufficient data to determine how HITC performed against the US Market.


Shareholder returns

HITCIndustryMarket
7 Day0%4.9%9.4%
30 Day57.9%0.9%-3.9%
90 Dayn/a-0.06%-16.5%
1 Year-6.3%-6.3%15.9%15.5%-4.8%-6.8%
3 Year-21.2%-21.2%71.2%70.3%23.4%15.2%
5 Year20.0%20.0%51.3%49.9%41.3%25.7%

Price Volatility Vs. Market

How volatile is Healthcare Integrated Technologies's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Healthcare Integrated Technologies undervalued compared to its fair value and its price relative to the market?


In this section, we usually try to help investors determine whether Healthcare Integrated Technologies is trading at an attractive price based on the cash flow it is expected to produce in the future. But as Healthcare Integrated Technologies has not provided consistent financial data, and the stock also has no analyst forecast or coverage, its intrinsic value cannot be reliably calculated by extrapolating past data or using analyst consensus cash flow predictions.

This is quite a rare situation as 89% of companies covered by Simply Wall St do have a valuation analysis.


Next Steps

  • Take a look at our analysis of HITC’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  • When valuing a company like this, investors focus more on how they perceive the size of the opportunity, the company's ability to deliver and scale, and the strength of the team. While we are not analysing this type of data at the moment, if you don’t know where to start, we recommend reading through Healthcare Integrated Technologies regulatory filings here.
  • Explore potentially undervalued companies in the Healthcare industry.

Future Growth

How is Healthcare Integrated Technologies forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

25.2%

Forecasted Healthcare industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Healthcare Integrated Technologies has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

  • Take a look at our analysis of HITC’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  • While we do not consider unaudited financials to be a reliable enough to include in our analysis, you can access them on the OTC Markets Website. If you are looking for more of a qualitative research into the company, you can access Healthcare Integrated Technologies's filings and announcements here.
  • Explore growth companies in the Healthcare industry.

Past Performance

How has Healthcare Integrated Technologies performed over the past 5 years?

-17.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: HITC is currently unprofitable.

Growing Profit Margin: HITC is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: HITC is unprofitable, and losses have increased over the past 5 years at a rate of -17.7% per year.

Accelerating Growth: Unable to compare HITC's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: HITC is unprofitable, making it difficult to compare its past year earnings growth to the Healthcare Services industry (23.3%).


Return on Equity

High ROE: HITC's liabilities exceed its assets, so it is difficult to calculate its Return on Equity.


Next Steps

Financial Health

How is Healthcare Integrated Technologies's financial position?


Financial Position Analysis

Short Term Liabilities: HITC has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.

Long Term Liabilities: HITC has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.


Debt to Equity History and Analysis

Debt Level: HITC has negative shareholder equity, which is a more serious situation than a high debt level.

Reducing Debt: HITC's has negative shareholder equity, so we do not need to check if its debt has reduced over time.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: HITC has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: Insufficient data to determine if HITC has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.


Next Steps

Dividend

What is Healthcare Integrated Technologies's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate HITC's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate HITC's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if HITC's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if HITC's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of HITC's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?


CEO

Scott Boruff (56yo)

2.08s

Tenure

Mr. Scott M. Boruff has been Chief Executive Officer and Director of Healthcare Integrated Technologies Inc. (formally known as Grasshopper Staffing, Inc.) since March 13, 2018 and serves as its President. ...


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 16.7%.


Top Shareholders

Company Information

Healthcare Integrated Technologies Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Healthcare Integrated Technologies Inc.
  • Ticker: HITC
  • Exchange: OTCPK
  • Founded: 2016
  • Industry: Health Care Technology
  • Sector: Healthcare
  • Market Cap: US$10.046m
  • Shares outstanding: 33.49m
  • Website: https://null

Number of Employees


Location

  • Healthcare Integrated Technologies Inc.
  • 1462 Rudder Lane
  • Knoxville
  • Tennessee
  • 37919
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
HITCOTCPK (Pink Sheets LLC)YesCommon StockUSUSDOct 2014

Biography

Healthcare Integrated Technologies Inc. through its subsidiary, develops health monitoring system for assisted living centers and private homes. It engages in the development of software for mobile phone application and desktop which used by assisted living facilities. The company was formerly known as Grasshopper Staffing, Inc. and changed its name to Healthcare Integrated Technologies Inc. in May 2018. Healthcare Integrated Technologies Inc. was founded in 2015 and is based in Knoxville, Tennessee. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/04/10 10:19
End of Day Share Price2020/04/02 00:00
Earnings2019/07/31
Annual Earnings2019/07/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.