The price of Teladoc Health Inc (NYSE:TDOC) shares last traded on Wall Street rose 2.93% to $9.49.
TDOC stock price is now 20.16% away from the 50-day moving average and -25.98% away from the 200-day moving average. The market capitalization of the company currently stands at $1.62B.
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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, Kornwasser Laizer, Former Officer bought 29,516 shares of the company’s stock on Oct 09 ’24. The stock was bought for $262,825 at an average price of $8.90. An SEC document containing details of the transaction can be found on the SEC’s website. On Oct 08 ’24, Former Officer Trencher Daniel bought 8,343 shares of the business’s stock. A total of $71,612 was incurred on buying the stock at an average price of $8.58. 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 $7.898 and a two-hundred day moving average price translates $12.82005 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.
