Stocks of Teladoc Health Inc (NYSE:TDOC) traded higher last session on Wall Street, down -1.47% to $8.73.
TDOC stock price is now 9.60% away from the 50-day moving average and -34.08% away from the 200-day moving average. The market capitalization of the company currently stands at $1.49B.
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With the price target enhanced from $8 to $10, Jefferies maintained Hold rating for Teladoc Health Inc (NYSE: TDOC). On February 29, 2024, Cantor Fitzgerald recently initiated its ‘Overweight’ rating on the stock quoting a target price of $22, while ‘Leerink Partners’ rates the stock as ‘Market Perform’
In other news, Bliss Kelly, President, U.S. Group Health sold 897 shares of the company’s stock on Oct 02 ’24. The stock was sold for $7,783 at an average price of $8.68. Upon completion of the transaction, the President, U.S. Group Health now directly owns 28,203 shares in the company, valued at $0.25 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Oct 02 ’24, Officer Nanis Nikolaos P. bought 454 shares of the business’s stock. A total of $3,939 was incurred on buying the stock at an average price of $8.68. A total of 1.56% 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 $22.54. 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 $7.954 and a two-hundred day moving average price translates $13.18005 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.
