Teladoc Health Inc (NYSE:TDOC) finished Friday with an addition of $0.06 to close at $18.59, an upside of 0.32 percent. An average of 4,666,960 shares of common stock have been traded in the last five days. There was a fall of -$0.19 in the past week, and it reached a new high 7 times over the past 12 months. The last 20 days have seen an average of 4,308,430 shares traded, while the 50-day average volume stands at 5,531,110.
TDOC stock has decreased by -17.96% in the last month. The company shares reached their 1-month lowest point of $18.47 on 09/28/23. With the stock rallying to its 52-week high on 02/02/23, shares of the company touched a low of $18.47 and a high of $34.73 in 52 weeks. It has reached a new high 8 times so far this year and lost -21.40% or -$5.06 in price. In spite of this, the price is down -46.47% from the 52-week high.
Insider Transactions
TDOC stock investors should be aware that Teladoc Health Inc (TDOC) stock had its last reported insider trading activity 5 days ago on Sep 25. In this transaction, the insider spent $4,091. CHIEF STRATEGY OFFICER, Trencher Daniel, disposed of 1,000 shares at a price of $21.00 on Sep 18. The insider now owns more than $21,000 worth of shares. Prior to that, CHIEF FINANCIAL OFFICER Murthy Mala went on to Sale 3,221 shares at $22.89 each on Sep 05. An amount of $73,742 was transacted.
Valuation Metrics
Teladoc Health Inc (TDOC) stock’s beta is 1.14. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.21, the price-to-book (PB) ratio at 1.34, and the price-to-cash flow ratio at 12.89.
Financial Health
The quick ratio of Teladoc Health Inc for the three months ended June 29 was 3.28, and the current ratio was 3.37, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.69 and a total debt to equity ratio of 0.69 for the quarter ending June 29. Its gross profit as reported stood at $1.66 billion compared to revenue of $2.41 billion.
Earnings Surprise
In the quarter under review, the net income was up than the previous quarter. The company posted a net income of -$65.18 million in the quarter, while revenues of -$69.23 million were shrunk -4658.3%. The analyst consensus anticipated Teladoc Health Inc’s latest quarter earnings to come in at -$0.41 per share, but it turned out to be -$0.4, a 2.40% surprise. For the quarter, EBITDA amounted to $8.03 million. Shareholders own equity worth $164.95 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Teladoc Health Inc (TDOC) price momentum. RSI 9-day as of the close on 29 September was 17.57%, suggesting the stock is oversold, with historical volatility in this time frame at 30.92%.
As of today, TDOC’s price is $18.82 -1.01% or -$0.19 from its 5-day moving average. TDOC is currently trading -17.89% lower than its 20-day SMA and -28.75% lower than its 100-day SMA. However, the stock’s current price level is -21.30% below the SMA50 and -33.61% below the SMA200.
The stochastic %K and %D were 3.77% and 6.69%, respectively, and the average true range (ATR) was 0.69. With the 14-day stochastic at 2.60% and the average true range at 0.74, the RSI (14) stands at 23.16%. The stock has reached -0.61 on the 9-day MACD Oscillator while the 14-day reading was at -1.43.
Analyst Ratings
Stephens launched coverage on Teladoc Health Inc (NYSE: TDOC) in its analyst report released on April 12, 2023. The firm assigned the stock an Equal-weight rating. The consensus rating for Teladoc Health Inc (TDOC) among analysts is Hold. According to current brokerage recommendations, 0 brokerage firms advise that investors sell TDOC, while 22 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 5 others rate it as a “buy”.
What is TDOC’s price target for the next 12 months?
Analysts predict a range of price targets between $20.00 and $40.00, with a median target of $28.50. Taking a look at these predictions, the average price target given by analysts for Teladoc Health Inc (TDOC) stock is $29.37.
