SOC Telemed Inc. (NASDAQ: TLMD) is -0.38% lower on its value in year-to-date trading and has touched a low of $5.77 and a high of $12.08 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The TLMD stock was last observed hovering at around $7.47 in the last trading session, with the day’s gains setting it 0.34% off its average median price target of $10.00 for the next 12 months. It is also 29.0% off the consensus price target high of $11.00 offered by 5 analysts, but current levels are 21.9% higher than the price target low of $10.00 for the same period.
Currently trading at $7.81, the stock is 16.50% and 8.66% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.41 million and changing 4.55% at the moment leaves the stock -9.74% off its SMA200. TLMD registered -21.43% loss for a year compared to 6-month loss of -22.37%. The firm has a 50-day simple moving average (SMA 50) of $7.46 and a 200-day simple moving average (SMA200) of $8.31.
The stock witnessed a 24.56% gain in the last 1 month and extending the period to 3 months gives it a 5.11%, and is 11.57% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 4.59% over the week and 5.11% over the month.
SOC Telemed Inc. (TLMD) has around 226 employees, a market worth around $600.43M and $58.00M in sales. Distance from 52-week low is 35.32% and -35.35% from its 52-week high. The company has generated returns on investments over the last 12 months (-76.00%).
SOC Telemed Inc. (TLMD) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for SOC Telemed Inc. (TLMD) is a “Buy”. 5 analysts offering their recommendations for the stock have an average rating of 2.00, where 1 rate it as a Hold and 0 think it is a “Overweight”. 4 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
SOC Telemed Inc. is expected to release its quarterly report on 09/01/2021 and quarterly earnings per share for the current quarter are estimated at -$0.12 with sales reaching $13.97M over the same period.The EPS is expected to grow by 86.60% this year, but quarterly earnings will post 71.20% year-over-year.
SOC Telemed Inc. (TLMD) Top Institutional Holders
69 institutions hold shares in SOC Telemed Inc. (TLMD), with 12.99M shares held by insiders accounting for 16.92% while institutional investors hold 91.88% of the company’s shares. The shares outstanding are 69.54M, and float is at 68.53M with Short Float at 2.73%. Institutions hold 76.33% of the Float.
The top institutional shareholder in the company is Warburg Pincus LLC with over 33.87 million shares valued at $265.58 million. The investor’s holdings represent 44.12% of the TLMD Shares outstanding. As of Dec 30, 2020, the second largest holder is Alyeska Investment Group, L.P. with 6.07 million shares valued at $47.55 million to account for 7.90% of the shares outstanding. The other top investors are Blackrock Inc. which holds 2.62 million shares representing 3.42% and valued at over $20.58 million, while BAMCO Inc. holds 2.28% of the shares totaling 1.75 million with a market value of $13.72 million.
SOC Telemed Inc. (TLMD) Insider Activity
A total of 56 insider transactions have happened at SOC Telemed Inc. (TLMD) in the last six months, with sales accounting for 0 and purchases happening 56 times.