Growth Story Still Intact For Teladoc Health Inc (TDOC)

Teladoc Health Inc (TDOC) concluded trading on Wednesday at a closing price of $9.00, with 3.47 million shares of worth about $31.24 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -24.50% during that period and on November 20, 2024 the price saw a gain of about 0.78%. Currently the company’s common shares owned by public are about 172.17M shares, out of which, 168.52M shares are available for trading.

Stock saw a price change of -5.96% in past 5 days and over the past one month there was a price change of -0.11%. Year-to-date (YTD), TDOC shares are showing a performance of -58.24% which decreased to -48.48% 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 5.53 million.

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Teladoc Health Inc (NYSE: TDOC) currently have 172.17M outstanding shares and institutions hold larger chunk of about 73.68% of that.

The stock has a current market capitalization of $1.55B and its 3Y-monthly beta is at 0.89. It has posted earnings per share of -$5.78 in the same period. It has Quick Ratio of 1.65 while making debt-to-equity ratio of 1.05. 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 6.01% while standing at 6.59% over the month.

Stock’s fiscal year EPS is expected to drop by -334.39% while it is estimated to increase by 84.63% 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 Goldman on November 15, 2024 offering a Buy rating for the stock and assigned a target price of $14 to it. Coverage by Jefferies stated Teladoc Health Inc (TDOC) stock as a Hold in their note to investors on September 17, 2024, suggesting a price target of $10 for the stock. On February 29, 2024, Cantor Fitzgerald Initiated their recommendations, while on February 26, 2024, Leerink Partners Initiated their ratings for the stock with a price target of $17. Stock get a Neutral rating from DA Davidson on January 17, 2024.

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