In yesterday’s Wall Street session, Teladoc Health Inc (NYSE:TDOC) shares traded at $11.03, up 0.46% from the previous session.
TDOC stock price is now -15.31% away from the 50-day moving average and -36.90% away from the 200-day moving average. The market capitalization of the company currently stands at $1.87B.
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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, Raman-Tangella Vidya, CHIEF MEDICAL OFFICER sold 468 shares of the company’s stock on Jun 04 ’24. The stock was sold for $5,167 at an average price of $11.04. Upon completion of the transaction, the CHIEF MEDICAL OFFICER now directly owns 27,280 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 Jun 03 ’24, ACTING CEO, CFO Murthy Mala sold 8,807 shares of the business’s stock. A total of $98,260 was realized by selling the stock at an average price of $11.16. This leaves the insider owning 78,713 shares of the company worth $0.87 million. A total of 1.32% of the company’s stock is owned by insiders.
During the past 12 months, Teladoc Health Inc has had a low of $10.74 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 $12.9434 and a two-hundred day moving average price translates $17.41875 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.
