Teladoc Health Inc (NYSE:TDOC) At $6.95: So What?

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In recent trading session, Teladoc Health Inc (NYSE:TDOC) saw 0.57 million shares changing hands at last check today with its beta currently measuring 0.93. Company’s recent per share price level of $6.95 trading at -$0.11 or -1.57% at last check today assigns it a market valuation of $1.19B. That most recent trading price of TDOC’s stock is at a discount of -239.42% from its 52-week high price of $23.59 and is indicating a premium of 2.59% from its 52-week low price of $6.77. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 6.91 million shares which gives us an average trading volume of 6.46 million if we extend that period to 3-months.

For Teladoc Health Inc (TDOC), analysts’ consensus is at an average recommendation of Hold while assigning it a mean rating of 2.61. Splitting up the data highlights that, out of 19 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 10 suggested the stock as a Hold whereas 9 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -0.27 in the current quarter.

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Teladoc Health Inc (NYSE:TDOC) trade information

Upright in the red during last session for losing -1.57%, in the last five days TDOC remained trading in the red while hitting it’s week-highest on Monday, 08/12/24 when the stock touched $6.95 price level, adding 3.47% to its value on the day. Teladoc Health Inc’s shares saw a change of -67.75% in year-to-date performance and have moved -2.81% in past 5-day. Teladoc Health Inc (NYSE:TDOC) showed a performance of -25.36% in past 30-days. Number of shares sold short was 33.46 million shares which calculate 5.31 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of 36 to the stock, which implies a rise of 80.69% to its recent value today. Analysts have been projecting 10 as a low price target for the stock while placing it at a high target of 150. It follows that stock’s current price would drop -43.88% in reaching the projected high whereas dropping to the targeted low would mean a loss of -43.88% for stock’s current value.

Teladoc Health Inc (TDOC) estimates and forecasts

Statistics highlight that Teladoc Health Inc is scoring comparatively lower than the scores of other players of the relevant industry. The company lost -67.84% of value to its shares in past 6 months, showing an annual growth rate of -238.81% while that of industry is 11.80. Apart from that, the company came lowering its revenue forecast for fiscal year 2024. This year revenue growth is estimated to fall -2.00% from the last financial year’s standing.

23 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 630.12M for the same. And 23 analysts are in estimates of company making revenue of 632.4M in the next quarter. Company posted 664.11M and 660.53M of sales in current and next quarters respectively a year earlier.

Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 1.91% during past 5 years.

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

Insiders are in possession of 0.81% of company’s total shares while institution are holding 78.06 percent of that, with stock having share float percentage of 78.70%. Investors also watch the number of corporate investors in a company very closely, which is 78.06% institutions for Teladoc Health Inc that are currently holding shares of the company. VANGUARD GROUP INC is the top institutional holder at TDOC for having 17.34 million shares of worth $261.88 million. And as of 2024-03-31, it was holding 10.5379 of the company’s outstanding shares.

The second largest institutional holder is ARK INVESTMENT MANAGEMENT LLC, which was holding about 16.03 million shares on 2024-03-31. The number of shares represents firm’s hold over 9.7429 of outstanding shares, having a total worth of $242.12 million.