During the last session, Talkspace Inc (NASDAQ:TALK)’s traded shares were 1.66 million, with the beta value of the company hitting 1.20. At the end of the trading day, the stock’s price was $2.32, reflecting an intraday loss of -2.11% or -$0.05. The 52-week high for the TALK share is $3.92, that puts it down -68.97 from that peak though still a striking 39.22% gain since the share price plummeted to a 52-week low of $1.41. The company’s market capitalization is $390.25M, and the average intraday trading volume over the past 10 days was 2.2 million shares, and the average trade volume was 1.74 million shares over the past three months.
Talkspace Inc (TALK) received a consensus recommendation of Hold from analysts. That translates to a mean rating of 2.00. TALK has a Sell rating from 0 analyst(s) out of 2 analysts who have looked at this stock. 2 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 0 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be 0.0.
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Talkspace Inc (NASDAQ:TALK) trade information
Talkspace Inc (TALK) registered a -2.11% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -2.11% in intraday trading to $2.32, hitting a weekly high. The stock’s 5-day price performance is -2.52%, and it has moved by 28.18% in 30 days. Based on these gigs, the overall price performance for the year is 16.58%. The short interest in Talkspace Inc (NASDAQ:TALK) is 6.52 million shares and it means that shorts have 2.47 day(s) to cover.
The consensus price target of analysts on Wall Street is $2.5, which implies an increase of 7.2% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $2 and $3 respectively. As a result, TALK is trading at a discount of -29.31% off the target high and 13.79% off the low.
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 -36.26% during the last six months, with a year-to-date growth rate more than the industry average at 66.67% against 23.90. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to grow 100.00% this quarter and then jump 200.00% in the quarter after that. In the rating firms’ projections, revenue will increase 27.60% 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 47.48M as predicted by 3 analyst(s). Meanwhile, a consensus of 3 analyst(s) estimates revenue growth to 51.97M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 38.65M and 42.42M respectively. In this case, analysts expect current quarter sales to grow by 22.90% and then jump by 22.50% 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 95.83% in 2024.
TALK Dividends
Talkspace Inc is due to release its next quarterly earnings in November. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Talkspace Inc (NASDAQ:TALK)’s Major holders
Talkspace Inc insiders own 3.14% of total outstanding shares while institutional holders control 64.06%, with the float percentage being 66.14%. NVP ASSOCIATES, LLC is the largest shareholder of the company, while 140.0 institutions own stock in it. As of 2024-06-30, the company held over 14.7 million shares (or 8.7079% of all shares), a total value of $33.82 million in shares.
The next largest institutional holding, with 11.34 million shares, is of HUDSON EXECUTIVE CAPITAL LP’s that is approximately 6.7165% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $22.53 million.
