Teladoc Health Inc (NYSE: TDOC) is -66.96% lower on its value in year-to-date trading and has touched a low of $6.77 and a high of $23.19 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 $7.31 in the last trading session, with the day’s loss setting it -0.19%.
Currently trading at $7.12, the stock is -5.51% and -18.61% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.44 million and changing -2.60% at the moment leaves the stock -50.77% off its SMA200. TDOC registered -67.70% loss for a year compared to 6-month loss of -53.03%.
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The stock witnessed a -25.60% gain in the last 1 month and extending the period to 3 months gives it a -37.32%, and is -1.11% down 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 4.31% over the week and 5.03% over the month.
Teladoc Health Inc (TDOC) has around 5600 employees, a market worth around $1.22B and $2.61B in sales. Profit margin for the company is -38.54%. Distance from 52-week low is 5.17% and -69.30% from its 52-week high. The company has generated returns on investments over the last 12 months (-39.75%).
The EPS is expected to shrink by -333.96% this year.
Teladoc Health Inc (TDOC) Top Institutional Holders
571.0 institutions hold shares in Teladoc Health Inc (TDOC), with institutional investors hold 82.37% of the company’s shares. The shares outstanding are 171.22M, and float is at 168.58M with Short Float at 17.33%. Institutions hold 81.70% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 21.61 million shares valued at $211.35 million. The investor’s holdings represent 12.8843% of the TDOC Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 17.22 million shares valued at $168.38 million to account for 10.2643 of the shares outstanding. The other top investors are ARK INVESTMENT MANAGEMENT LLC which holds 7.48 million shares representing 4.4603% and valued at over $73.17 million, while STATE STREET CORP holds 3.4698 of the shares totaling 5.82 million with a market value of $56.92 million.
Teladoc Health Inc (TDOC) Insider Activity
The most recent transaction is an insider purchase by Smith Mark Douglas, the company’s Director. SEC filings show that Smith Mark Douglas bought 4,000 shares of the company’s common stock on Aug 15 ’24 at a price of $7.08 per share for a total of $28312.0. Following the purchase, the insider now owns 8355.0 shares.
Teladoc Health Inc disclosed in a document filed with the SEC on Aug 12 ’24 that Nanis Nikolaos P. (Chief Technology Officer) sold a total of 206 shares of the company’s common stock. The trade occurred on Aug 12 ’24 and was made at $7.13 per share for $1470.0. Following the transaction, the insider now directly holds 73588.0 shares of the TDOC stock.
Still, SEC filings show that on Aug 12 ’24, Nanis Nikolaos P. (Officer) Proposed Sale 206 shares at an average price of $7.14 for $1470.0. The insider now directly holds shares of Teladoc Health Inc (TDOC).
