Teladoc Health Inc (NYSE: TDOC) is -57.73% lower on its value in year-to-date trading and has touched a low of $6.76 and a high of $22.54 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 $8.16 in the last trading session, with the day’s gains setting it 0.95%.
Currently trading at $9.11, the stock is 23.58% and 12.65% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 11.79 million and changing 11.64% at the moment leaves the stock -33.99% off its SMA200. TDOC registered -57.03% loss for a year compared to 6-month loss of -39.75%.
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The stock witnessed a 28.13% gain in the last 1 month and extending the period to 3 months gives it a -9.89%, and is 25.66% 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 5.08% over the week and 4.99% over the month.
Teladoc Health Inc (TDOC) has around 5600 employees, a market worth around $1.56B and $2.61B in sales. Profit margin for the company is -38.54%. Distance from 52-week low is 34.76% and -59.58% 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
573.0 institutions hold shares in Teladoc Health Inc (TDOC), with institutional investors hold 84.39% of the company’s shares. The shares outstanding are 171.22M, and float is at 168.59M with Short Float at 16.00%. Institutions hold 83.71% 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
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Teladoc Health Inc disclosed in a document filed with the SEC on Sep 12 ’24 that MCKINLEY THOMAS (Director) bought a total of 4,000 shares of the company’s common stock. The trade occurred on Sep 12 ’24 and was made at $7.69 per share for $30756.0. Following the transaction, the insider now directly holds 39077.0 shares of the TDOC stock.
Still, SEC filings show that on Sep 04 ’24, Turitz Andrew (EVP, CORPORATE DEVELOPMENT) disposed off 20,773 shares at an average price of $7.26 for $0.15 million. The insider now directly holds 20,773 shares of Teladoc Health Inc (TDOC).
