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Teladoc Health Inc. (NYSE: TDOC): A Good Investment At Current Prices?

Teladoc Health Inc. (NYSE:TDOC)’s traded shares stood at 2.9 million during the last session, with the company’s beta value hitting 1.09. At the close of trading, the stock’s price was $25.22, to imply an increase of 0.88% or $0.22 in intraday trading. The TDOC share’s 52-week high remains $77.50, putting it -207.3% down since that peak but still an impressive 14.35% since price per share fell to its 52-week low of $21.60. The company has a valuation of $4.20B, with an average of 3.61 million shares in intraday trading volume over the past 10 days and average of 4.38 million shares over the past 3 months.

Analysts have given a consensus recommendation of a Hold for Teladoc Health Inc. (TDOC), translating to a mean rating of 2.70. Of 28 analyst(s) looking at the stock, 0 analyst(s) give TDOC a Sell rating. 1 of those analysts rate the stock as Overweight while 21 advise Hold as 6 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at -$0.25.

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Teladoc Health Inc. (NYSE:TDOC) trade information

After registering a 0.88% upside in the last session, Teladoc Health Inc. (TDOC) has traded red over the past five days. The stock hit a weekly high of 25.57 this Thursday, 03/16/23, jumping 0.88% in its intraday price action. The 5-day price performance for the stock is 4.73%, and -17.12% over 30 days. With these gigs, the year-to-date price performance is 6.64%. Short interest in Teladoc Health Inc. (NYSE:TDOC) saw shorts transact 29.66 million shares and set a 6.75 days time to cover.

Analysts on Wall Street suggest a consensus price target of $29.90, implying an increase of 15.65% to the stock’s current value. The extremes give us $23.00 and $40.00 for target low and target high price respectively. As such, TDOC has been trading -58.6% off suggested target high and 8.8% from its likely low.

Teladoc Health Inc. (TDOC) estimates and forecasts

Looking at statistics comparing Teladoc Health Inc. share performance against respective industry, we note that the company has outperformed competitors. Teladoc Health Inc. (TDOC) shares are -20.37% down over the last 6 months, with its year-to-date growth rate higher than industry average at 98.33% against -0.90%. Revenue is forecast to shrink -257.10% this quarter before jumping 99.00% for the next one. The rating firms project that company’s revenue will grow 18.20% compared to the previous financial year.

Revenue forecast for the current quarter as set by 25 analysts is $633.28 million. Meanwhile, for the quarter ending Mar 2023, a total of 20 analyst(s) estimate revenue growth to $642.43 million.Earnings reports from the last fiscal year show that sales brought in $554.24 million and $565.35 million respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 14.30% before jumping 13.60% in the following quarter.

TDOC Dividends

Teladoc Health Inc. has its next earnings report out between April 25 and May 01. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. Teladoc Health Inc. has a forward dividend ratio of 0, with the share yield ticking at 0.00% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 0.00%.

Teladoc Health Inc. (NYSE:TDOC)’s Major holders

Teladoc Health Inc. insiders hold 0.98% of total outstanding shares, with institutional holders owning 82.28% of the shares at 83.09% float percentage. In total, 82.28% institutions holds shares in the company, led by ARK Investment Management, LLC. As of Dec 30, 2022, the company held over 18.93 million shares (or 11.69% of shares), all amounting to roughly $447.66 million.

The next major institution holding the largest number of shares is Vanguard Group, Inc. (The) with 13.64 million shares, or about 8.42% of shares outstanding. As of the market price on Sep 29, 2022, these shares were worth $345.76 million.

We also have ARK ETF Tr-ARK Innovation ETF and Vanguard Total Stock Market Index Fund as the top two Mutual Funds with the largest holdings of the Teladoc Health Inc. (TDOC) shares. Going by data provided on Dec 30, 2022, ARK ETF Tr-ARK Innovation ETF holds roughly 11.21 million shares. This is just over 6.92% of the total shares, with a market valuation of $265.12 million. Data from the same date shows that the other fund manager holds a little less at 4.35 million, or 2.69% of the shares, all valued at about 110.28 million.

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