Teladoc Health Inc. (NYSE: TDOC) Jumps 2.21 Percent In Recent Trading, What Questions Do You Have?

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The trading price of Teladoc Health Inc. (NYSE:TDOC) closed higher on Monday, September 12, closing at $34.20, 2.21% higher than its previous close.

Traders who pay close attention to intraday price movement should know that it fluctuated between $33.0701 and $34.22. In examining the 52-week price action we see that the stock hit a 52-week high of $156.82 and a 52-week low of $27.38. Over the past month, the stock has lost -9.98% in value.

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Teladoc Health Inc., whose market valuation is $5.36 billion at the time of this writing, is expected to release its quarterly earnings report Apr 26, 2022 – May 02, 2022. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by -$0.55 per share this quarter, however they have predicted annual earnings per share of -$42.89 for 2022 and -$1.59 for 2023. It means analysts are expecting annual earnings per share growth of -1,471.10% this year and 96.30% next year.

Analysts have forecast the company to bring in revenue of $609.02 million for the current quarter, with the likely lows of $521.7 million and highs of $639.31 million. From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue in 2022 is $2.41 billion. The company’s revenue is forecast to grow by 18.70% over what it did in 2022.

A company’s earnings reviews provide a brief indication of a stock’s direction in the short term, where in the case of Teladoc Health Inc. No upward and no downward comments were posted in the last 7 days. On the technical side, indicators suggest TDOC has a 50% Sell on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 50% Sell, while an average of long term indicators suggests that the stock is currently 100% Sell.

Here is the average analyst rating on the stock as represented by 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock should be considered as either strong buy or strong sell respectively. The number of analysts that have assigned TDOC a recommendation rating is 31. Out of them, 25 rate it a Hold, while 5 recommend Buy, whereas 0 assign an Overweight rating. 0 analyst(s) have tagged Teladoc Health Inc. (TDOC) as Underweight, while 1 advise Sell. Analysts have rated the stock Hold, likely urging investors to take advantage of the opportunity to add to their holdings of the company’s shares.

A quick review shows that TDOC’s price is currently 2.00% off the SMA20 and -7.20% off the SMA50. The RSI metric on the 14-day chart is currently showing 51.02, and weekly volatility stands at 5.34%. When measured over the past 30 days, the indicator reaches 5.32%. Teladoc Health Inc. (NYSE:TDOC)’s beta value is currently sitting at 0.86, while the Average True Range indicator is currently displaying 2.03. With analysts defining $25.00-$55.00 as the low and high price targets, we arrive at a consensus price target of $36.61 for the trailing 12-month period. The current price is about 26.9% off the estimated low and -60.82% off the forecast high, based on this estimate. Investors will be thrilled if TDOC’s share price rises to $35.50, which is the median consensus price. At that level, TDOC’s share price would be -3.8% below current price.

To see how Teladoc Health Inc. stock has been performing in comparison to its peers in the industry, here are the numbers: TDOC stock’s performance was 2.21% in the latest trading, and -75.93% in the past year, while Brookdale Senior Living Inc. (BKD) has traded 3.76% on the day and positioned -22.26% lower than it was a year ago. Another comparable company Community Health Systems Inc. (CYH) saw its stock close 0.31% higher in the most recent trading session but was down -71.38% in a year. Also in last trading session, the S&P 500 Index has surged 1.06%, while the Dow Jones Industrial also saw a positive session, up 0.71% on the day.

An evaluation of the daily trading volume of Teladoc Health Inc. (NYSE:TDOC) indicates that the 3-month average is 5.29 million. However, this figure has increased over the past 10 days to an average of 4.03 million.

Currently, records show that 161.38 million of the company’s shares remain outstanding. The insiders hold 0.20% of outstanding shares, whereas institutions hold 86.40%. The stats also highlight that short interest as of Jul 14, 2022, stood at 33.3 million shares, resulting in a short ratio of 6.24 at that time. From this, we can conclude that short interest is 20.66% of the company’s total outstanding shares. It is noteworthy that short shares in July were down slightly from the previous month’s figure, which was 36.65 million. However, since the stock’s price has seen -62.75% year-to-date, investors’ interest is likely to be reignited due to its potential to move even lower.

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