Talkspace Inc (NASDAQ: TALK) is 42.91% higher on its value in year-to-date trading and has touched a low of $0.66 and a high of $3.62 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The TALK stock was last observed hovering at around $3.57 in the last trading session, with the day’s gains setting it 0.06%.
Currently trading at $3.63, the stock is 16.31% and 34.88% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.19 million and changing 1.68% at the moment leaves the stock 81.17% off its SMA200. TALK registered 404.17% gain for a year compared to 6-month gain of 84.26%. The firm has a 50-day simple moving average (SMA 50) of $3.26 and a 200-day simple moving average (SMA200) of -$22.22.
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The stock witnessed a 31.52% loss in the last 1 month and extending the period to 3 months gives it a 46.96%, and is 10.00% 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 5.24% over the week and 4.88% over the month.
Talkspace Inc (TALK) has around 472 employees, a market worth around $613.11M and $150.04M in sales. Fwd P/E is 70.53. Profit margin for the company is -12.78%. Distance from 52-week low is 449.92% and 0.28% from its 52-week high. The company has generated returns on investments over the last 12 months (-16.17%).
Talkspace Inc quarterly earnings per share for the current quarter are estimated at -$0.01 with sales reaching $44.5M over the same period.The EPS is expected to grow by 105.28% this year, but quarterly earnings will post 27.70% year-over-year. Quarterly sales are estimated to grow 33.50% in year-over-year returns.
Talkspace Inc (TALK) Top Institutional Holders
86 institutions hold shares in Talkspace Inc (TALK), with institutional investors hold 66.22% of the company’s shares. The shares outstanding are 168.43M, and float is at 119.90M with Short Float at 2.45%. Institutions hold 63.02% of the Float.
The top institutional shareholder in the company is NVP Associates, LLC with over 14.7 million shares valued at $53.37 million. The investor’s holdings represent 8.70% of the TALK Shares outstanding. As of Dec 30, 2023, the second largest holder is Hudson Executive Capital, LP with 11.34 million shares valued at $41.17 million to account for 6.71% of the shares outstanding. The other top investors are Goldman Sachs Group Inc which holds 8.29 million shares representing 4.91% and valued at over $30.1 million, while Revolution Growth Management Company, Inc. holds 4.55% of the shares totaling 7.69 million with a market value of $27.92 million.
