The stock of Talkspace Inc. (NASDAQ:TALK) increased by $0.25 on Tuesday to finish at $2.01, up 14.20 percent. The last five days have seen an average of 2,243,540 shares of common stock traded. 41 times new highs were reached in the current year, with a gain of $1.4000. The average number of shares traded over the last 20 days was 768,705, while the average volume over the last 50 days totaled 649,532.
TALK stock appreciated 27.22% since last month. On 08/25/23, the company’s shares reached a one-month low of $1.5100. The stock touched a high of $1.82 on 09/19/23, after rallying from a low of $0.52 in 52 weeks. The price of TALK stock has risen by 229.35% or $1.4000 this year, reaching a new high 41 times. Still, the stock price is up 10.44% from the 52-week high.
Valuation Metrics
Beta for the stock is 1.16. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 2.51, the price-to-book (PB) ratio of 2.75.
Financial Health
For the three months ended June 29, Talkspace Inc.’s quick ratio was 7.00, while its current ratio was 7.00, indicating its ability to pay off its debt. As far as profitability goes, gross margin for the trailing twelve months is 50.80% percent. Talkspace Inc.’s EBITDA margin for the year ended June 29 was -63.28%, whereas its operating margin stood at -43.90% for the same period. Based on annual data, it had gross profit of $60.34 million and revenue of $119.57 million.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. TALK’s return on assets (ROA) during the last 12 months has been -32.20%. There was a -65.40% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was -38.90%.
Earnings Surprise
According to Talkspace Inc.’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $35.65 million, while revenues rose by 16.3% to $33.34 million. It was predicted that Talkspace Inc.’s quarterly earnings would be -$0.03, but it ended up being -$0.05. EBITDA was -$6.11 million for the quarter. Equity owned by shareholders amounts to $166.51 million.
Technical Picture
Here’s a quick look at Talkspace Inc.’s (TALK) price momentum from a technical perspective. As of 19 September, the RSI 9-day stood at 84.46%, suggesting the stock is Overbought, with a 72.24% historical volatility rate.
The stochastic %K and %D were 84.60% and 79.42% respectively, while the average true range (ATR) was 0.1100. Based on the 14-day stochastic reading of 83.93%, the RSI (14) reading is 78.61%. On the 9-day MACD Oscillator, the stock is at 0.1300, and the 14-day reading is at 0.1600.
Analyst Ratings
In its analyst report released on December 02, 2021, Jefferies began covering Talkspace Inc. (NASDAQ: TALK). The stock was rated as a Hold by the brokerage firm. Analysts have assigned Talkspace Inc. (TALK) an Buy rating. TALK is a stock that is recommended for selling by 0 brokerage firms, while 0 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 2 others recommend it as a buy.
What is TALK’s price target for the next 12 months?
The current consensus forecast for the stock is between $5.00 and $5.00, with a median target price of $5.00. In analyzing these forecasts, the average price target given by analysts for Talkspace Inc. (TALK) is $5.00.
