In today’s recent session, 0.9 million shares of the Talkspace Inc (NASDAQ:TALK) have been traded, and its beta is 1.22. Most recently the company’s share price was $1.86, and it changed around $0.09 or 5.16% from the last close, which brings the market valuation of the company to $315.86M. TALK at last check was trading at a discount to its 52-week high of $3.92, offering almost -110.75% off that amount. The share price’s 52-week low was $1.41, which indicates that the recent value has risen by an impressive 24.19% since then. We note from Talkspace Inc’s average daily trading volume that its 10-day average is 1.16 million shares, with the 3-month average coming to 1.56 million.
Talkspace Inc (NASDAQ:TALK) trade information
Instantly TALK has been showing a green trend so far today with a performance of 5.16% on intraday trading today. The performance over the last five days has remained in the red territory. The rise to weekly highs of 2.1720 on recent trading dayincreased the stock’s daily price by 14.36%. The company’s shares are currently down -26.72% year-to-date, but still down -6.93% over the last five days. On the other hand, Talkspace Inc (NASDAQ:TALK) is -15.77% down in the 30-day period. We can see from the shorts that 7.99 million shares have been sold at a short interest cover period of 3.5 day(s).
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The consensus price target as assigned by Wall Street analysts is $2.5, which translates to bulls needing to increase their stock price by 25.6% from its current value. Analyst projections state that TALK is forecast to be at a low of $2 and a high of $3.
Talkspace Inc (TALK) estimates and forecasts
Talkspace Inc share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -21.79 percent over the past six months and at a 66.67% annual growth rate that is well above the industry average of 16.40%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will gain 100.00% in revenue this quarter, and will report an increase of 100.00% in the next quarter. The year-over-year growth rate is expected to be 26.50%, up from the previous year.
Consensus estimates provided by 3 financial analysts predict the company will bring in an average of 45.41M in revenue for the current quarter. 3 analysts expect Talkspace Inc to make 47.22M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 35.65M and 38.65M respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 27.40%. Forecasts for the next quarter put sales growth at 22.20%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 32.57%.
TALK Dividends
Talkspace Inc’s next quarterly earnings report is expected to be released on 2024-May-07.
Talkspace Inc (NASDAQ:TALK)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 3.15% of Talkspace Inc shares, and 68.23% of them are in the hands of institutional investors. The stock currently has a share float of 70.44%. Talkspace Inc stock is held by 133.0 institutions, with NVP ASSOCIATES, LLC being the largest institutional investor. By 2024-03-31, it held 8.7787% of the shares, which is about 14.7 million shares worth $52.49 million.
HUDSON EXECUTIVE CAPITAL LP, with 6.7711% or 11.34 million shares worth $34.97 million as of 2024-03-31, holds the second largest percentage of outstanding shares.
