Talkspace Inc (NASDAQ:TALK) has a beta value of 1.24 and has seen 1.01 million shares traded in the last trading session. The company, currently valued at $616.49M, closed the last trade at $3.65 per share which meant it gained $0.02 on the day or 0.55% during that session. The TALK stock price is -3.29% off its 52-week high price of $3.77 and 81.37% above the 52-week low of $0.68. If we look at the company’s 10-day average daily trading volume, we find that it stood at 1.51 million shares traded. The 3-month trading volume is 1.20 million shares.
Talkspace Inc (NASDAQ:TALK) trade information
Sporting 0.55% in the green in last session, the stock has traded in the green over the last five days, when the TALK stock price touched $3.65 or saw a rise of 3.18%. Year-to-date, Talkspace Inc shares have moved 43.70%, while the 5-day performance has seen it change 2.24%. Over the past 30 days, the shares of Talkspace Inc (NASDAQ:TALK) have changed 22.48%. Short interest in the company has seen 2.8 million shares shorted with days to cover at 1.63.
Talkspace Inc (TALK) estimates and forecasts
Figures show that Talkspace Inc shares have outperformed across the wider relevant industry. The company’s shares have gained 77.18% over the past 6 months, with this year growth rate of 75.00%, compared to 19.50% for the industry. Other than that, the company has, however, increased its growth outlook for the 2024 fiscal year revenue. Growth estimates for the current quarter are 80.00% and 100.00% for the next quarter. Revenue growth from the last financial year stood is estimated to be 27.70%.
2 analysts offering their estimates for the company have set an average revenue estimate of $44.5 million for the current quarter. 2 have an estimated revenue figure of $46.4 million for the next quarter concluding in Jun 2024. Year-ago sales stood $33.34 million and $35.65 million respectively for this quarter and the next, and analysts expect sales will grow by 33.50% for the current quarter and 30.20% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 32.57% over the past 5 years.
TALK Dividends
Talkspace Inc is expected to release its next earnings report between April 30 and May 06 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Talkspace Inc (NASDAQ:TALK)’s Major holders
Insiders own 4.84% of the company shares, while shares held by institutions stand at 63.04% with a share float percentage of 66.25%. Investors are also buoyed by the number of investors in a company, with Talkspace Inc having a total of 87 institutions that hold shares in the company. The top two institutional holders are NVP Associates, LLC with over 14.7 million shares worth more than $18.67 million. As of Jun 29, 2023, NVP Associates, LLC held 8.83% of shares outstanding.
The other major institutional holder is Hudson Executive Capital, LP, with the holding of over 11.34 million shares as of Jun 29, 2023. The firm’s total holdings are worth over $14.4 million and represent 6.81% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and Vanguard Extended Market Index Fund. As of Jun 29, 2023, the former fund manager holds about 1.83% shares in the company for having 3.04 million shares of worth $3.86 million while later fund manager owns 1.24 million shares of worth $1.58 million as of Jun 29, 2023, which makes it owner of about 0.75% of company’s outstanding stock.
