Since 2011, the Taiwanese firm has lost 90 per cent of its market value. Despite the flagship HTC One widely slated as one of the best smartphones on the market, the company has failed to keep up with Apple and Samsung.
At $3.8 billion (£2.35 billion), the company is currently worth even less than BlackBerry, down from a $37 billion (£22.85 billion) peak, with its share price crashing to an eight year low in September. Profits have continued to tumble, with Q2 2013 earning down 83 per cent year on year.
Meanwhile, according to Bloomberg data, analyst's consensus rating for HTC's prospects is less than both BlackBerry and Nokia. At 1.6 out of a possible 5, it is also the lower than over 500 listed tech firms.
However, HTC has further problems as it is still too expensive for a merger or buyout, as the company's share price trades at 1.4 times its net assets, nearly triple BlackBerry's 0.5 level.
Out of 30 analysts tracked by Bloomberg, 24 are advising to sell HTC shares, whilst five recommend to hold and just one to buy.
Outwardly HTC remains adamant that it is not looking to sell and that its fortunes can be turned around. This is despite seven executives, including its COO, stepping down this year.
In an emailed statement to Bloomberg, a spokesperson said the company has a number of new initiatives in place to trigger a "full resurgence".