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Wednesday, February 1, 2023

Are Things Looking Up For Teladoc Health Inc. (NYSE: TDOC)?

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for Teladoc Health Inc. (TDOC) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.50, or -1.84%, to $26.70. The Teladoc Health Inc. has recorded 70,059 volume in the after hours trading session. Yahoo Finance discussed the stock recently as it posted Teladoc Health Releases Annual Corporate Social Responsibility Report.

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Stocks Info

The company is listed on the NYSE and operates within the Health Information Services industry segment. At the end of the last regular session, the stock closed at $27.20 and fluctuated between $31.45 as its day high and $27.10 as its day low. The current market capitalization of Teladoc Health Inc. is $4.19B. A total of 3.28 million shares were traded on the day, compared to an average of 4.65M shares.

Insider Activity

Furthermore, investors take into consideration insider trades when predicting a stock’s future trajectory. During the recent three months, TDOC has seen 3 BUY and 6 SELL insider trades, representing the acquisition of 1,932 and the disposition of 6,708 shares. Over the last 12 months, there were 54 BUYs and 28 SELLs from insiders. Insiders purchased 174,357 shares during that period but sold 56,133.

In the most recent transaction, Trencher Daniel sold 1,000 shares of TDOC for 26.80 per share on Jan 17. After the transaction, the SVP CORPORATE STRATEGY now owns 21,408 company shares. In a previous transaction on Dec 19, Trencher Daniel sold 1,000 shares at 26.93 per share. TDOC shares that SVP CORPORATE STRATEGY owns now total 22,408.

Among the insiders who sold shares, Jensen Claus Torp disposed of 1,783 shares on Dec 01 at a per-share price of $28.86. This resulted in the CHIEF INNOVATION OFFICER holding 1,782 shares of TDOC after the transaction. In another insider transaction, Geshuri Arnnon sold 2,398 shares at $27.35 per share on Nov 28. Company shares held by the CHIEF PEOPLE OFFICER now total 74,317.

It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. According to analysts who have offered 12-month price targets for TDOC in the last 3 months, the mean price target is $31.78 with high estimates of $40.00 and low estimates of $24.00. In terms of 52-week highs and lows, TDOC has a high of $80.83 and a low of $21.60.

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 equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on this information.

Analysts Opinion

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. 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 1 rated it as Overweight while 25 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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