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Monday, January 30, 2023

Teladoc Health Inc. (NYSE: TDOC): Is It A Buying Opportunity Again?

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. After-hours trades for Teladoc Health Inc. (TDOC) shows that investor sentiment remained same, with the stock’s consolidated last price remained same to $29.00. The Teladoc Health Inc. has recorded 48,129 volume in the after hours trading session. The stock was recently discussed on Yahoo Finance as it revealed that Teladoc Health to Participate in Upcoming Investor Conference.

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Stocks Info

TDOC belongs to the Healthcare sector of the NYSE while operating in the Health Information Services industry. At the end of the last regular session, the stock closed at $29.00 and fluctuated between $29.31 as its day high and $27.90 as its day low. The current market capitalization of Teladoc Health Inc. is $4.57B. A total of 3.28 million shares were traded on the day, compared to an average of 4.75M shares.

Insider Activity

Investors also take into account insider trades in predicting how the stock will perform in the future. During the recent three months, TDOC has seen 2 BUY and 5 SELL insider trades, representing the acquisition of 1,661 and the disposition of 3,747 shares. Over the last 12 months, there were 54 BUYs and 26 SELLs from insiders. Insiders purchased 177,485 shares during that period but sold 54,952.

In the most recent transaction, Geshuri Arnnon sold 2,398 shares of TDOC for 27.35 per share on Nov 28. After the transaction, the CHIEF PEOPLE OFFICER now owns 74,317 company shares. In a previous transaction on Nov 17, Trencher Daniel sold 1,000 shares at 30.14 per share. TDOC shares that SVP CORPORATE STRATEGY owns now total 23,408.

Among the insiders who sold shares, Geshuri Arnnon disposed of 527 shares on Oct 31 at a per-share price of $29.55. This resulted in the CHIEF PEOPLE OFFICER holding 76,715 shares of TDOC after the transaction. In another insider transaction, Trencher Daniel sold 1,000 shares at $24.04 per share on Oct 17. Company shares held by the SVP CORPORATE STRATEGY now total 24,408.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. According to analysts who have offered 12-month price targets for TDOC in the last 3 months, the mean price target is $32.61 with high estimates of $45.00 and low estimates of $24.00. In terms of 52-week highs and lows, TDOC has a high of $102.71 and a low of $23.08.

As of this writing, TDOC has an earnings estimate of -$0.25 per share for the current quarter. EPS was calculated based on a consensus of 20 estimates, with a high estimate of -$0.09 per share and a lower estimate of -$0.65. The company reported an EPS of -$19.22 in the last quarter, which was -2,903.10% lower than expectations of -$0.64.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 31 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for TDOC is Sell with a score of 3.32. A total of 5 analysts rated the stock as Buy while 0 rated it as Overweight while 26 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 0 thought it should be Sold.

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