Stocks of Teladoc Health Inc (NYSE:TDOC) traded higher last session on Wall Street, up 0.76% to $11.92.
TDOC stock price is now -13.59% away from the 50-day moving average and -34.22% away from the 200-day moving average. The market capitalization of the company currently stands at $2.02B.
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With the price target of $22, Cantor Fitzgerald recently initiated with Overweight rating for Teladoc Health Inc (NYSE: TDOC). On February 26, 2024, Leerink Partners recently initiated its ‘Market Perform’ rating on the stock quoting a target price of $17, while ‘DA Davidson’ rates the stock as ‘Neutral’
In other news, Trencher Daniel, CHIEF STRATEGY OFFICER sold 1,000 shares of the company’s stock on May 17 ’24. The stock was sold for $12,830 at an average price of $12.83. Upon completion of the transaction, the CHIEF STRATEGY OFFICER now directly owns 25,192 shares in the company, valued at $0.3 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 02 ’24, PRESIDENT, ENTERPRISE GROWTH Kornwasser Laizer sold 10,411 shares of the business’s stock. A total of $132,095 was realized by selling the stock at an average price of $12.69. This leaves the insider owning 86,070 shares of the company worth $1.03 million. A total of 1.30% of the company’s stock is owned by insiders.
During the past 12 months, Teladoc Health Inc has had a low of $11.78 and a high of $30.41. As of last week, the company has a debt-to-equity ratio of 0.69, a current ratio of 3.73, and a quick ratio of 3.65. The fifty day moving average price for TDOC is $13.7262 and a two-hundred day moving average price translates $18.05305 for the stock.
The latest earnings results from Teladoc Health Inc (NYSE: TDOC) was released for 2024-03-31. The net profit margin was -8.90% and return on equity was -10.18% for TDOC. The company reported revenue of $646.13 million for the quarter, compared to $629.24 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 2.68 percent.
