Talkspace Inc [TALK] stock prices are up 7.82% to $1.93 at the moment. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The TALK shares have gain 13.53% over the last week, with a monthly amount drifted -3.98%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Previously, Barclays started tracking the stock with Equal Weight rating on January 03, 2024, and set its price target to $2.50. On December 02, 2021, Jefferies initiated with a Hold rating and assigned a price target of $2 on the stock. SVB Leerink downgraded its rating to a Mkt Perform. Robert W. Baird downgraded its rating to a Neutral and reduced its price target to $3 on November 16, 2021. Citigroup downgraded its rating to Neutral for this stock on November 16, 2021, but kept the price target unchanged to $3.50. In a note dated August 19, 2021, Citigroup initiated an Buy rating and provided a target price of $7 on this stock.
The stock price of Talkspace Inc [TALK] has been fluctuating between $1.41 and $3.92 over the past year. Currently, Wall Street analysts expect the stock to reach $2.5 within the next 12 months. Talkspace Inc [NASDAQ: TALK] shares were valued at $1.93 at the most recent close of the market. An investor can expect a potential return of 29.53% based on the average TALK price forecast.
Analyzing the TALK fundamentals
The Talkspace Inc [NASDAQ:TALK] reported sales of 172.54M for trailing twelve months, representing a surge of 29.21%. Gross Profit Margin for this corporation currently stands at 0.48% with Operating Profit Margin at -0.07%, Pretax Profit Margin comes in at -0.04%, and Net Profit Margin reading is -0.04%. To continue investigating profitability, this company’s Return on Assets is posted at -0.06, Equity is -0.07 and Total Capital is -0.11. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.0.
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 1.8233 points at the first support level, and at 1.7167 for the second support level. However, for the 1st resistance point, the stock is sitting at 1.9983, and for the 2nd resistance point, it is at 2.0667.
Ratios To Look Out For
It’s worth pointing out that Talkspace Inc [NASDAQ:TALK]’s Current Ratio is 7.24. As well, the Quick Ratio is 7.24, while the Cash Ratio is 6.46. Considering the valuation of this stock, the price to sales ratio is 1.88, the price to book ratio is 2.85.
Transactions by insiders
Recent insider trading involved Watson Katelyn, Chief Marketing Officer, that happened on May 21 ’24 when 94018.0 shares were sold.
