In the last trading session, 1.34 million Talkspace Inc (NASDAQ:TALK) shares changed hands as the company’s beta touched 1.13. With the company’s per share price at $3.42 changed hands at -$0.05 or -1.44% during last session, the market valuation stood at $569.40M. TALK’s last price was a discount, traded about -14.62% off its 52-week high of $3.92. The share price had its 52-week low at $1.60, which suggests the last value was 53.22% up since then. When we look at Talkspace Inc’s average trading volume, we note the 10-day average is 1.64 million shares, with the 3-month average coming to 2.37 million.
Analysts gave the Talkspace Inc (TALK) stock a consensus recommendation rating of Hold, calculated at a mean rating of 1.50. If we narrow down to specifics, the data shows that 0 out of 2 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 2 recommended TALK as a Hold, 0 felt it is a Buy and 0 rated the stock as Underweight.
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Talkspace Inc (NASDAQ:TALK) trade information
Instantly TALK was in red as seen at the end of in last trading. With action 3.32%, the performance over the past five days has been green. The company’s shares are showing year-to-date upside of 34.65%, with the 5-day performance at 3.32% in the green. However, in the 30-day time frame, Talkspace Inc (NASDAQ:TALK) is 7.89% up. Looking at the short shares, we see there were 4.38 million shares sold at short interest cover period of 1.78 days.
The consensus price target for the stock as assigned by Wall Street analysts is 2.5, meaning bulls need a downside of -36.8% from its current market value. According to analyst projections, TALK’s forecast low is 2 with 3 as the target high. To hit the forecast high, the stock’s price needs a 12.28% surge from its current level, while the stock would need to tank 41.52% for it to hit the projected low.
Talkspace Inc (TALK) estimates and forecasts
Data shows that the Talkspace Inc share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 30.53% over the past 6 months, a 83.33% in annual growth rate that is considerably higher than the industry average of 24.60%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 32.57%. The 2024 estimates are for Talkspace Inc earnings to increase by 108.33%.
TALK Dividends
Talkspace Inc is expected to release its next quarterly earnings report in January.
Talkspace Inc (NASDAQ:TALK)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 3.13% of Talkspace Inc shares while 59.94% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 61.88%. There are 59.94% institutions holding the Talkspace Inc stock share, with NVP ASSOCIATES, LLC the top institutional holder. As of 2024-06-30, the company held 8.7079% of the shares, roughly 14.7 million TALK shares worth $33.82 million.
HUDSON EXECUTIVE CAPITAL LP holds the second largest percentage of outstanding shares, with 6.7165% or 11.34 million shares worth $22.53 million as of 2024-06-30.
