Some Investing Thoughts On Teladoc Health Inc (NYSE: TDOC)

Teladoc Health Inc (TDOC) concluded trading on Wednesday at a closing price of $8.86, with 7.41 million shares of worth about $65.61 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -30.84% during that period and on October 30, 2024 the price saw a loss of about -0.67%. Currently the company’s common shares owned by public are about 171.22M shares, out of which, 168.55M shares are available for trading.

Stock saw a price change of 2.07% in past 5 days and over the past one month there was a price change of 0.00%. Year-to-date (YTD), TDOC shares are showing a performance of -58.89% which decreased to -45.14% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $6.76 but also hit the highest price of $22.54 during that period. The average intraday trading volume for Teladoc Health Inc shares is 5.81 million. The stock is currently trading -2.50% below its 20-day simple moving average (SMA20), while that difference is up 5.34% for SMA50 and it goes to -25.89% lower than SMA200.

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Teladoc Health Inc (NYSE: TDOC) currently have 171.22M outstanding shares and institutions hold larger chunk of about 81.96% of that.

The stock has a current market capitalization of $1.52B and its 3Y-monthly beta is at 0.90. It has posted earnings per share of -$5.93 in the same period. It has Quick Ratio of 1.59 while making debt-to-equity ratio of 1.06. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for TDOC, volatility over the week remained 5.01% while standing at 5.14% over the month.

Stock’s fiscal year EPS is expected to drop by -334.89% while it is estimated to increase by 84.11% in next year.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Jefferies on September 17, 2024 offering a Hold rating for the stock and assigned a target price range of between $8 and $10 to it. Coverage by Cantor Fitzgerald stated Teladoc Health Inc (TDOC) stock as an Overweight in their note to investors on February 29, 2024, suggesting a price target of $22 for the stock. On February 26, 2024, Leerink Partners Initiated their recommendations, while on January 17, 2024, DA Davidson Downgrade their ratings for the stock with a price target of $22. Stock get an Overweight rating from Barclays on January 03, 2024.

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