Teladoc Health Inc (NYSE: TDOC) is -30.12% lower on its value in year-to-date trading and has touched a low of $13.59 and a high of $30.41 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 TDOC stock was last observed hovering at around $14.62 in the last trading session, with the day’s gains setting it 0.44%.
Currently trading at $15.06, the stock is 0.62% and -10.22% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.27 million and changing 3.01% at the moment leaves the stock -24.67% off its SMA200. TDOC registered -42.03% loss for a year compared to 6-month loss of -19.47%. The firm has a 50-day simple moving average (SMA 50) of $1.15 and a 200-day simple moving average (SMA200) of $19.38.
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The stock witnessed a -2.33% gain in the last 1 month and extending the period to 3 months gives it a -31.64%, and is 5.09% 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 4.13% over the week and 3.24% over the month.
Teladoc Health Inc (TDOC) has around 5600 employees, a market worth around $2.52B and $2.60B in sales. Profit margin for the company is -8.47%. Distance from 52-week low is 10.82% and -50.48% from its 52-week high. The company has generated returns on investments over the last 12 months (-5.64%).
Teladoc Health Inc quarterly earnings per share for the current quarter are estimated at -$0.46 with sales reaching $637.6M over the same period.The EPS is expected to grow by 23.05% this year, but quarterly earnings will post 2.40% year-over-year. Quarterly sales are estimated to grow 3.10% in year-over-year returns.
Teladoc Health Inc (TDOC) Top Institutional Holders
599 institutions hold shares in Teladoc Health Inc (TDOC), with institutional investors hold 76.45% of the company’s shares. The shares outstanding are 166.66M, and float is at 165.20M with Short Float at 12.28%. Institutions hold 75.85% of the Float.
The top institutional shareholder in the company is ARK Investment Management, LLC with over 20.31 million shares valued at $377.6 million. The investor’s holdings represent 12.31% of the TDOC Shares outstanding. As of Jun 29, 2023, the second largest holder is Vanguard Group Inc with 17.31 million shares valued at $438.38 million to account for 10.50% of the shares outstanding. The other top investors are Blackrock Inc. which holds 10.27 million shares representing 6.23% and valued at over $260.12 million, while Sumitomo Mitsui Trust Holdings, Inc. holds 4.77% of the shares totaling 7.87 million with a market value of $199.24 million.
Teladoc Health Inc (TDOC) Insider Activity
The most recent transaction is an insider sale by Nanis Nikolaos P.,the company’sChief Technology Officer. SEC filings show that Nanis Nikolaos P. sold 461 shares of the company’s common stock on Apr 02 ’24 at a price of $14.31 per share for a total of $6599.0. Following the sale, the insider now owns 70621.0 shares.
Teladoc Health Inc disclosed in a document filed with the SEC on Mar 25 ’24 that Geshuri Arnnon (CHIEF PEOPLE OFFICER) sold a total of 7,500 shares of the company’s common stock. The trade occurred on Mar 25 ’24 and was made at $15.06 per share for $0.11 million. Following the transaction, the insider now directly holds 38470.0 shares of the TDOC stock.
Still, SEC filings show that on Mar 18 ’24, Trencher Daniel (CHIEF STRATEGY OFFICER) disposed off 1,000 shares at an average price of $15.18 for $15180.0. The insider now directly holds 27,192 shares of Teladoc Health Inc (TDOC).
