Approximately 10,000 Shares Of Talkspace Inc. (TALK) Were Bought By This Insider.

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Talkspace Inc. (NASDAQ:TALK) traded with an addition of $0.18 to $1.01 on Thursday, an upside of 21.07 percent. An average of 1,120,700 shares of common stock have been traded in the last five days. There was a fall of -$0.0750 in the past week, and it reached a new high 1 time over the past 12 months. The last 20 days have seen an average of 565,850 shares traded, while the 50-day average volume stands at 556,510.

TALK stock has decreased by -42.92% in the last month. The company shares reached their 1-month lowest point of $0.8202 on 09/21/22. With the stock rallying to its 52-week high on 01/04/22, shares of the company touched a low of $0.82 and a high of $4.55 in 52 weeks. It has reached a new high 2 times so far this year and lost -57.70% or -$0.9650 in price. In spite of this, the price is down -77.85% from the 52-week high.

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Insider Transactions

7 days have passed since Talkspace Inc. (TALK) last reported insider trading activity. Margolin Gil, who is Chief Technology Officer, most recently acquired $32,641 shares at $1.11 per share on Sep 15. In this transaction, the insider spent $36,081. Chief Technology Officer, Margolin Gil, disposed of 55,800 shares at a price of $1.11 on Sep 14. The insider now owns more than $61,960 worth of shares. Prior to that, Chief Technology Officer Margolin Gil went on to Sale 500,000 shares at $1.50 each on Mar 08. An amount of $747,700 was transacted.

Valuation Metrics

Talkspace Inc. (TALK) has a trailing price-to-sales (P/S) ratio at 1.21, the price-to-book (PB) ratio at 0.83.

Financial Health

The quick ratio of Talkspace Inc. for the three months ended June 29 was 7.20, and the current ratio was 7.20, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.00 and a total debt to equity ratio of 0.00 for the quarter ending June 29. Its gross profit as reported stood at $66.77 million compared to revenue of $113.67 million.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Talkspace Inc.’s return on assets was -29.10%.

Earnings Surprise

In the quarter under review, the net income was down than the previous quarter. The company posted a net income of $23.02 million in the quarter, while revenues were shrunk -32.23%. The analyst consensus anticipated Talkspace Inc.’s latest quarter earnings to come in at -$0.13 per share, but it turned out to be -$0.15, a -15.40% surprise. For the quarter, EBITDA amounted to -$20.8 million. At the end of the quarter ending June 29, Talkspace Inc.’s stock balance sheet showed total liabilities of 30.21 million. Shareholders own equity worth $158.18 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Talkspace Inc. (TALK) price momentum. RSI 9-day as of the close on 21 September was 36.62%, suggesting the stock is Neutral, with historical volatility in this time frame at 122.03%.

As of today, TALK’s price is $0.9454 -6.94% or -$0.0750 from its 5-day moving average. TALK is currently trading -33.44% lower than its 20-day SMA and -25.00% lower than its 100-day SMA. However, the stock’s current price level is -37.96% below the SMA50 and -51.91% below the SMA200.

The stochastic %K and %D were 12.57% and 6.38%, respectively, and the average true range (ATR) was 0.1115. With the 14-day stochastic at 33.61% and the average true range at 0.1106, the RSI (14) stands at 33.82%. The stock has reached -0.1174 on the 9-day MACD Oscillator while the 14-day reading was at -0.2094.

Analyst Ratings

Jefferies launched coverage on Talkspace Inc. (NASDAQ: TALK) in its analyst report released on December 02, 2021. The firm assigned the stock a Hold rating. The consensus rating for Talkspace Inc. (TALK) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell TALK, while 3 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 2 others rate it as a “buy”.

What is TALK’s price target for the next 12 months?

Analysts predict a range of price targets between $1.50 and $3.00, with a median target of $1.83. Taking a look at these predictions, the average price target given by analysts for Talkspace Inc. (TALK) stock is $2.04.


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