In yesterday’s Wall Street session, Teladoc Health Inc (NYSE:TDOC) shares traded at $7.30, up 0.69% from the previous session.
TDOC stock price is now -11.05% away from the 50-day moving average and -47.83% away from the 200-day moving average. The market capitalization of the company currently stands at $1.25B.
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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, Turitz Andrew, EVP, CORPORATE DEVELOPMENT sold 20,773 shares of the company’s stock on Sep 04 ’24. The stock was sold for $150,812 at an average price of $7.26. Upon completion of the transaction, the EVP, CORPORATE DEVELOPMENT now directly owns 20,773 shares in the company, valued at $0.15 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 04 ’24, CHIEF MEDICAL OFFICER Raman-Tangella Vidya sold 468 shares of the business’s stock. A total of $3,398 was realized by selling the stock at an average price of $7.26. This leaves the insider owning 33,665 shares of the company worth $0.25 million. A total of 1.55% of the company’s stock is owned by insiders.
During the past 12 months, Teladoc Health Inc has had a low of $6.76 and a high of $22.98. As of last week, the company has a debt-to-equity ratio of 1.06, a current ratio of 1.62, and a quick ratio of 1.59. The fifty day moving average price for TDOC is $8.1666 and a two-hundred day moving average price translates $13.94465 for the stock.
The latest earnings results from Teladoc Health Inc (NYSE: TDOC) was released for 2024-06-30. The net profit margin was -38.54% and return on equity was -52.96% for TDOC. The company reported revenue of $642.44 million for the quarter, compared to $652.41 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -1.53 percent.
