Teladoc Health Inc (TDOC)’s Stock Price Falls Due To Weak Fundamental Momentum

Teladoc Health Inc (NYSE:TDOC) has a beta value of 0.88 and has seen 2.63 million shares traded in the recent trading session. The company, currently valued at $1.51B, closed the recent trade at $8.56 per share which meant it lost -$0.65 on the day or -7.00% during that session. The TDOC stock price is -163.32% off its 52-week high price of $22.54 and 21.03% above the 52-week low of $6.76. If we look at the company’s 10-day average daily trading volume, we find that it stood at 5.88 million shares traded. The 3-month trading volume is 5.56 million shares.

The consensus among analysts is that Teladoc Health Inc (TDOC) is Hold stock at the moment, with a recommendation rating of 2.61. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 10 out of 19 have rated it as a Hold, with 9 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is -0.21.

3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free
Sponsored

Teladoc Health Inc (NYSE:TDOC) trade information

Sporting -7.00% in the red today, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the TDOC stock price touched $8.56 or saw a rise of 13.97%. Year-to-date, Teladoc Health Inc shares have moved -60.26%, while the 5-day performance has seen it change -6.70%. Over the past 30 days, the shares of Teladoc Health Inc (NYSE:TDOC) have changed -5.25%. Short interest in the company has seen 25.26 million shares shorted with days to cover at 4.72.

Wall Street analysts have a consensus price target for the stock at $36, which means that the shares’ value could jump 76.22% from the levels at last check today. The projected low price target is $9.0 while the price target rests at a high of $150.0. In that case, then, we find that the latest price level in today’s session is -1652.34% off the targeted high while a plunge would see the stock gain -5.14% from the levels at last check today.

Teladoc Health Inc (TDOC) estimates and forecasts

Figures show that Teladoc Health Inc shares have underperformed across the wider relevant industry. The company’s shares have lost -33.03% over the past 6 months, with this year growth rate of -300.75%, compared to 8.30% for the industry. Revenue growth from the last financial year stood is estimated to be -1.60%.

23 analysts offering their estimates for the company have set an average revenue estimate of 636.16M for the current quarter. 16 have an estimated revenue figure of 629.44M for the next ending quarter. Year-ago sales stood 660.53M and 637.29M respectively for this quarter and the next, and analysts expect sales will shrink by -3.70% for the current quarter and -1.60% 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 1.91% over the past 5 years.

TDOC Dividends

Teladoc Health Inc is expected to release its next earnings report on 2025-Feb-18 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.

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

Insiders own 0.81% of the company shares, while shares held by institutions stand at 79.96% with a share float percentage of 80.62%. Investors are also buoyed by the number of investors in a company, with Teladoc Health Inc having a total of 556.0 institutions that hold shares in the company. The top two institutional holders are BLACKROCK INC. with over 21.61 million shares worth more than $211.35 million. As of 2024-06-30, BLACKROCK INC. held 12.8843% of shares outstanding.

The other major institutional holder is VANGUARD GROUP INC, with the holding of over 17.22 million shares as of 2024-06-30. The firm’s total holdings are worth over $168.38 million and represent 10.2643% of shares outstanding.