Stocks of Teladoc Health Inc (NYSE:TDOC) traded higher last session on Wall Street, up 3.16% to $9.15.
TDOC stock price is now 7.01% away from the 50-day moving average and -22.02% away from the 200-day moving average. The market capitalization of the company currently stands at $1.58B.
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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, Raman-Tangella Vidya, Officer bought 1,537 shares of the company’s stock on Nov 05 ’24. The stock was bought for $13,649 at an average price of $8.88. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 04 ’24, Officer Waters Michael Willem bought 6,097 shares of the business’s stock. A total of $52,845 was incurred on buying the stock at an average price of $8.67. 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 1.05, a current ratio of 1.69, and a quick ratio of 1.65. The fifty day moving average price for TDOC is $8.5142 and a two-hundred day moving average price translates $11.79255 for the stock.
The latest earnings results from Teladoc Health Inc (NYSE: TDOC) was released for 2024-09-30. The net profit margin was -37.91% and return on equity was -51.65% for TDOC. The company reported revenue of $640.51 million for the quarter, compared to $660.24 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -2.99 percent.
