A share price of Talkspace Inc [TALK] is currently trading at $3.63, down -0.27%. An important factor to consider is whether the stock is rising or falling in short-term value. The TALK shares have gain 1.68% over the last week, with a monthly amount glided 23.05%, and seem to be holding up well over a long-time horizon.
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On 19, March 2024, Talkspace Launches Health Collective to Further Expand Accessibility to Healthcare Services. In a post published today on Yahoo Finance, Today, Talkspace, a leading online behavioral health company, announced the launch of Health Collective, a new wellness ecosystem featuring Oura, Evernow, Bicycle Health, Conceive, Options MD, and more. The platform will provide members with vetted and curated resources, and member benefits across the entire health spectrum, with the goal of expanding accessibility to high-quality and holistic care. These free-to-access resources are one piece of a holistic collaboration with brands who are featured in the marketplace, where Talkspace will also work with them on provider handoffs, education, and thought leadership.
From an analyst’s perspective:
Talkspace Inc [NASDAQ: TALK] stock has seen the most recent analyst activity on January 03, 2024, when Barclays initiated its Equal Weight rating and assigned the stock a price target of $2.50. Previously, Jefferies started tracking the stock with Hold rating on December 02, 2021, and set its price target to $2. On November 16, 2021, downgrade downgraded it’s rating to Mkt Perform. Robert W. Baird downgraded its rating to a Neutral and decreased its price target to $3 on November 16, 2021. Citigroup downgraded its rating to a Neutral but $3.50 remained the price target by the analyst firm on November 16, 2021. Citigroup started tracking with a Buy rating for this stock on August 19, 2021, and assigned it a price target of $7. In a note dated July 19, 2021, William Blair initiated an Outperform rating.
Talkspace Inc experienced fluctuations in its stock price throughout the past year between $0.68 and $3.77. Currently, Wall Street analysts expect the stock to reach $2 within the next 12 months. Talkspace Inc [NASDAQ: TALK] shares were valued at $3.63 at the most recent close of the market. An investor can expect a potential drop of -44.9% based on the average TALK price forecast.
Analyzing the TALK fundamentals
Trailing Twelve Months sales for Talkspace Inc [NASDAQ:TALK] were 150.04M which represents 40.27% growth. Gross Profit Margin for this corporation currently stands at 0.5% with Operating Profit Margin at -0.15%, Pretax Profit Margin comes in at -0.13%, and Net Profit Margin reading is -0.13%. To continue investigating profitability, this company’s Return on Assets is posted at -0.13, Equity is -0.16 and Total Capital is -0.19.
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 3.54 points at the first support level, and at 3.44 for the second support level. However, for the 1st resistance point, the stock is sitting at 3.75, and for the 2nd resistance point, it is at 3.86.
Talkspace Inc [TALK] reported earnings per share of -$0.01 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 -$0.03/share, meaning a difference of $0.02 and a surprise factor of 66.70%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were -$0.03 per share as compared to estimates of -$0.03 per share, a difference of $0 representing a surprise of 0.00%.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Talkspace Inc [NASDAQ:TALK] is 6.46. On the other hand, the Quick Ratio is 6.46, and the Cash Ratio is 5.72. Considering the valuation of this stock, the price to sales ratio is 4.09, the price to book ratio is 5.15.
