Is Talkspace Inc’s (NASDAQ: TALK) 9.89% Gain This Week Telling Us Something New?

, Talkspace Inc (NASDAQ:TALK)’s traded shares were 0.46 million, with the beta value of the company hitting 1.20. , the stock’s price was $2.34, reflecting an intraday gain of 0.89% or $0.02. The 52-week high for the TALK share is $3.92, that puts it down -67.52 from that peak though still a striking 50.43% gain since the share price plummeted to a 52-week low of $1.16. The company’s market capitalization is $397.19M, and the average trade volume was 1.30 million shares over the past three months.

Talkspace Inc (NASDAQ:TALK) trade information

Talkspace Inc (TALK) registered a 0.89% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 0.89% in intraday trading to $2.34, hitting a weekly high. The stock’s 5-day price performance is 9.89%, and it has moved by -12.33% in 30 days. Based on these gigs, the overall price performance for the year is 81.45%.

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Talkspace Inc (TALK) estimates and forecasts

Statistics show that Talkspace Inc has outperformed its competitors in share price, compared to the industry in which it operates. Talkspace Inc (TALK) shares have gone down -9.28% during the last six months, with a year-to-date growth rate more than the industry average at 66.67% against 17.80. In the rating firms’ projections, revenue will increase 26.40% compared to the previous financial year.

As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 45.4M as predicted by 2 analyst(s). Meanwhile, a consensus of 2 analyst(s) estimates revenue growth to 47.01M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 35.65M and 38.65M respectively. In this case, analysts expect current quarter sales to grow by 27.40% and then jump by 21.60% in the coming quarter.

An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 32.57%. While earnings are projected to return 97.22% in 2024.

TALK Dividends

Talkspace Inc is due to release its next quarterly earnings in July. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.