At the time of writing, Teladoc Health Inc [TDOC] stock is trading at $8.75, down -4.68%. An important factor to consider is whether the stock is rising or falling in short-term value. The TDOC shares have gain 8.16% over the last week, with a monthly amount glided 18.56%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Teladoc Health Inc [NYSE: TDOC] stock has seen the most recent analyst activity on September 17, 2024, when Jefferies reiterated its Hold rating and also boosted its price target to $10 from $8. Previously, Cantor Fitzgerald started tracking the stock with Overweight rating on February 29, 2024, and set its price target to $22. On February 26, 2024, Leerink Partners initiated with a Market Perform rating and assigned a price target of $17 on the stock. DA Davidson downgraded its rating to a Neutral and decreased its price target to $22 on January 17, 2024. Barclays initiated its recommendation with a Overweight and recommended $26 as its price target on January 03, 2024. Stephens started tracking with a Equal-Weight rating for this stock on April 12, 2023, and assigned it a price target of $25. In a note dated February 23, 2023, SVB Securities upgraded an Outperform rating on this stock but restated the target price of $34.
For the past year, the stock price of Teladoc Health Inc fluctuated between $6.76 and $22.54. Currently, Wall Street analysts expect the stock to reach $52.65 within the next 12 months. Teladoc Health Inc [NYSE: TDOC] shares were valued at $8.75 at the most recent close of the market. An investor can expect a potential return of 501.71% based on the average TDOC price forecast.
Analyzing the TDOC fundamentals
According to Teladoc Health Inc [NYSE:TDOC], the company’s sales were 2.61B for trailing twelve months, which represents an -1.53% plunge. Gross Profit Margin for this corporation currently stands at 0.63% with Operating Profit Margin at -0.11%, Pretax Profit Margin comes in at -0.38%, and Net Profit Margin reading is -0.39%. To continue investigating profitability, this company’s Return on Assets is posted at -0.29, Equity is -0.48 and Total Capital is -0.11. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.03.
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 8.52 points at the first support level, and at 8.29 for the second support level. However, for the 1st resistance point, the stock is sitting at 9.05, and for the 2nd resistance point, it is at 9.35.
Ratios To Look Out For
It is important to note that Teladoc Health Inc [NYSE:TDOC] has a current ratio of 1.62. On the other hand, the Quick Ratio is 1.59, and the Cash Ratio is 1.25. Considering the valuation of this stock, the price to sales ratio is 0.57, the price to book ratio is 1.00.
Transactions by insiders
Recent insider trading involved Trencher Daniel, Former Officer, that happened on Sep 16 ’24 when 9960.0 shares were purchased. Director, MCKINLEY THOMAS completed a deal on Sep 12 ’24 to buy 4000.0 shares. Meanwhile, EVP, CORPORATE DEVELOPMENT Turitz Andrew sold 20773.0 shares on Sep 04 ’24.
