The stock of Teladoc Health Inc (NYSE:TDOC) last traded at $9.51, up 5.67% from the previous session.
TDOC stock price is now 19.33% away from the 50-day moving average and -24.69% away from the 200-day moving average. The market capitalization of the company currently stands at $1.63B.
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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, Turitz Andrew, Former Officer bought 38,983 shares of the company’s stock on Oct 11 ’24. The stock was bought for $370,102 at an average price of $9.49. An SEC document containing details of the transaction can be found on the SEC’s website. On Oct 09 ’24, Former Officer Kornwasser Laizer bought 29,516 shares of the business’s stock. A total of $262,825 was incurred on buying the stock at an average price of $8.90. 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 $7.9694 and a two-hundred day moving average price translates $12.6285 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.
