Teladoc Health Inc (NYSE:TDOC) Falls -333.92% In 2024; Is It Still Attractive At $9.11?

In recent trading session, Teladoc Health Inc (NYSE:TDOC) saw 1.88 million shares changing hands at last check today with its beta currently measuring 1.02. Company’s recent per share price level of $9.11 trading at $0.14 or 1.62% at last check today assigns it a market valuation of $1.57B. That most recent trading price of TDOC’s stock is at a discount of -147.42% from its 52-week high price of $22.54 and is indicating a premium of 25.8% from its 52-week low price of $6.76. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 4.48 million shares which gives us an average trading volume of 5.48 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 2.57. 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.

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Teladoc Health Inc (NYSE:TDOC) trade information

Upright in the green today for gaining 1.62%, in the last five days TDOC remained trading in the red while hitting it’s week-highest on Monday, 12/16/24 when the stock touched $9.11 price level, adding 16.27% to its value on the day. Teladoc Health Inc’s shares saw a change of -57.70% in year-to-date performance and have moved -12.52% in past 5-day. Teladoc Health Inc (NYSE:TDOC) showed a performance of 1.28% in past 30-days. Number of shares sold short was 26.24 million shares which calculate 3.86 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of 11 to the stock, which implies a rise of 17.18% to its recent value today. Analysts have been projecting 9 as a low price target for the stock while placing it at a high target of 13. It follows that stock’s current price would jump 1.21% in reaching the projected high whereas dropping to the targeted low would mean a gain of 1.21% 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 -12.02% of value to its shares in past 6 months, showing an annual growth rate of -332.84% while that of industry is 6.80. Apart from that, the company came lowering its revenue forecast for fiscal year 2024.

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 77.21 percent of that, with stock having share float percentage of 77.84%. Investors also watch the number of corporate investors in a company very closely, which is 77.21% institutions for Teladoc Health Inc that are currently holding shares of the company. BLACKROCK INC. is the top institutional holder at TDOC for having 21.61 million shares of worth $211.35 million. And as of 2024-06-30, it was holding 12.8843 of the company’s outstanding shares.

The second largest institutional holder is VANGUARD GROUP INC, which was holding about 17.22 million shares on 2024-06-30. The number of shares represents firm’s hold over 10.2643 of outstanding shares, having a total worth of $168.38 million.