A share price of Teladoc Health Inc [TDOC] is currently trading at $15.00, down -0.53%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The TDOC shares have gain 3.45% over the last week, with a monthly amount drifted -22.80%, and not seem to be holding up well over a long-time horizon.
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On 26, February 2024, Teladoc Health to Participate in Upcoming Investor Conference. In a post published today on Yahoo Finance, Teladoc Health, Inc. (NYSE: TDOC), the global leader in whole-person virtual care, announced today that Mala Murthy, chief financial officer, will participate in the TD Cowen 44th Annual Health Care Conference in Boston on March 4th, 2024. A live audio webcast and replay of the presentation will be available at http://ir.teladochealth.com/news-and-events/events-and-presentations/.
From an analyst’s perspective:
Teladoc Health Inc [NYSE: TDOC] stock has seen the most recent analyst activity on February 29, 2024, when Cantor Fitzgerald initiated its Overweight rating and assigned the stock a price target of $22. Previously, Leerink Partners started tracking the stock with Market Perform rating on February 26, 2024, and set its price target to $17. On January 17, 2024, downgrade downgraded it’s rating to Neutral and revised its price target to $22 on the stock. Barclays started tracking the stock assigning a Overweight rating and suggested a price target of $26 on January 03, 2024. Stephens initiated its recommendation with a Equal-Weight and recommended $25 as its price target on April 12, 2023. SVB Securities upgraded its rating to Outperform for this stock on February 23, 2023, but kept the price target unchanged to $34. In a note dated October 24, 2022, Guggenheim upgraded an Neutral rating on this stock.
Teladoc Health Inc experienced fluctuations in its stock price throughout the past year between $14.36 and $30.41. Currently, Wall Street analysts expect the stock to reach $58.61 within the next 12 months. Teladoc Health Inc [NYSE: TDOC] shares were valued at $15.00 at the most recent close of the market. An investor can expect a potential return of 290.73% based on the average TDOC price forecast.
Analyzing the TDOC fundamentals
Trailing Twelve Months sales for Teladoc Health Inc [NYSE:TDOC] were 2.60B which represents 3.58% growth. Gross Profit Margin for this corporation currently stands at 0.71% with Operating Profit Margin at -0.1%, Pretax Profit Margin comes in at -0.08%, and Net Profit Margin reading is -0.08%. To continue investigating profitability, this company’s Return on Assets is posted at -0.05, Equity is -0.1 and Total Capital is -0.06. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.68.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 14.77 points at the first support level, and at 14.54 for the second support level. However, for the 1st resistance point, the stock is sitting at 15.25, and for the 2nd resistance point, it is at 15.50.
Teladoc Health Inc [TDOC] reported earnings per share of -$0.17 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of -$0.21/share, meaning a difference of $0.04 and a surprise factor of 19.00%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were -$0.35 per share as compared to estimates of -$0.37 per share, a difference of $0.02 representing a surprise of 5.40%.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Teladoc Health Inc [NYSE:TDOC] is 3.46. As well, the Quick Ratio is 3.39, while the Cash Ratio is 2.67. Considering the valuation of this stock, the price to sales ratio is 0.96, the price to book ratio is 1.07.
Transactions by insiders
Insider trading has also been a hot topic recently, with 0 insiders purchasing 0 shares and 1 selling 27,310 shares in the past 3 months. Recent insider trading involved Geshuri Arnnon, CHIEF PEOPLE OFFICER, that happened on Feb 26 when 404.0 shares were sold. CHIEF STRATEGY OFFICER, Trencher Daniel completed a deal on Feb 20 to sell 1000.0 shares. Meanwhile, PRESIDENT, ENTERPRISE GROWTH Kornwasser Laizer sold 7882.0 shares on Feb 02.
