As of Friday close, Talkspace Inc.’s (NASDAQ:TALK) stock was down -$0.06, moving down -5.56 percent to $1.02. The average number of shares traded per day over the past five days has been 555,600 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.2400 fall in that time frame. In the last twenty days, the average volume was 403,580, while in the previous 50 days, it was 492,272.
Since last month, TALK stock retreated -35.03%. Shares of the company fell to $1.0000 on 09/16/22, the lowest level in the past month. A 52-week high of $4.86 was reached on 01/04/22 after having rallying from a 52-week low of $1.03. Since the beginning of this year, TALK’s stock price has dropped by -48.22% or -$0.9500, and marked a new high 2 times. However, the stock has declined by -79.02% since its 52-week high.
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Talkspace Inc. (TALK) last reported insider trading activity 193 days ago on Mar 08. Margolin Gil, the Chief Technology Officer of the company, disposed of 500,000 shares for $1.50 on Mar 08. It resulted in a $747,700 divestment by the insider. Braunstein Douglas L added 1,000,000 shares at an average price of $2.08 on Nov 23. The insider now owns 11,340,600 shares following the transaction.
In the three months ended March 30, Talkspace Inc.’s quick ratio stood at 7.20, while its current ratio was 7.20, showing that the company is able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is 51.70% percent. In the year ended March 30, operating margins totaled -83.10%. Based on annual data, TALK earned $66.77 million in gross profit and brought in $113.67 million in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -48.90%. Return on equity (ROE) for the past 12 months was -34.40%.
According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. TALK’s revenue fell -3.82% to $30.15 million during the quarter, while net income inched up to $29.84 million. While analysts expected Talkspace Inc. to report -$0.14 quarterly earnings, the actual figure was -$0.13 per share, beating the consensus estimate by 7.10%. During the quarter, the company generated -$20.8 million in EBITDA. The liabilities of Talkspace Inc. were 30.21 million at the end of its most recent quarter ended March 30. The value of shareholders’ equity is $158.18 million.
This quick technical analysis looks at Talkspace Inc.’s (TALK) price momentum. With a historical volatility rate of 28.03%, the RSI 9-day stood at 12.61% on 16 September.
With respect to its five-day moving average, the current Talkspace Inc. price is down by -19.05% percent or -$0.2400. At present, TALK shares trade -35.03% below its 20-day simple moving average and -28.67% percent below its 100-day simple moving average. However, the stock is currently trading approximately -42.37% below its SMA50 and -55.46% below its SMA200.
Stochastic coefficient K was 4.63% and Stochastic coefficient D was 4.95%, while ATR was 0.0963. Given the Stochastic reading of 4.65% for the 14-day period, the RSI (14) reading has been calculated as 20.60%. As of today, the MACD Oscillator reading stands at -0.1144, while the 14-day reading stands at -0.1680.
Jefferies launched its rating on Talkspace Inc. (NASDAQ: TALK) to a Hold in a note to investors on December 02, 2021. Talkspace Inc. (TALK) has been rated Overweight by analysts. According to 0 brokerage firms, TALK is a sell, and 3 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Talkspace Inc. stock as buy, with 2 recommending it as overweight.
With a median target price of $1.83, the current consensus forecast for the stock is $1.50 – $3.00. Based on these forecasts, analysts predict Talkspace Inc. (TALK) will achieve an average price target of $2.04.