Market Analysts see Teladoc Health Inc. [TDOC] gaining to $113. Time to buy?


Teladoc Health Inc. [NYSE: TDOC] closed the trading session at $91.47 on 01/04/22. The day’s price range saw the stock hit a low of $88.36, while the highest price level was $95.71. The company report on December 16, 2021 that Teladoc Health Improves Access to Whole-Person Care Through an Expanded Partnership with National Labor Alliance.

National Labor Alliance expands exclusive relationship with Teladoc Health, provides full-suite of whole-person care services.

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Teladoc Health (NYSE: TDOC), the global leader in whole-person virtual care, today announced an expanded partnership with the National Labor Alliance of Health Care Coalitions (NLA), the largest alliance of labor unions and labor management coalitions, to offer its full suite of virtual care products and services. Teladoc Health’s general medical, specialty care, mental health, expert medical services, chronic condition management, and virtual primary care programs will now be available as part of the exclusive endorsement to the NLA’s Coalitions, their member Funds and their six million members across all 50 states.

The stocks have a year to date performance of -0.38 percent and weekly performance of 0.40 percent. The stock has been moved at -42.20 percent over the last six months. The stock has performed -1.04 percent around the most recent 30 days and changed -26.42 percent over the most recent 3-months.

If compared to the average trading volume of 3.73M shares, TDOC reached to a volume of 4202165 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about Teladoc Health Inc. [TDOC]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for TDOC shares is $158.52 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on TDOC stock is a recommendation set at 2.30. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Jefferies have made an estimate for Teladoc Health Inc. shares, keeping their opinion on the stock as Hold, with their previous recommendation back on December 02, 2021. The new note on the price target was released on November 22, 2021, representing the official price target for Teladoc Health Inc. stock. Previously, the target price had yet another drop from $142 to $135, while UBS kept a Neutral rating on TDOC stock. On October 28, 2021, analysts decreased their price target for TDOC shares from 291 to 183.

The Average True Range (ATR) for Teladoc Health Inc. is set at 6.10, with the Price to Sales ratio for TDOC stock in the period of the last 12 months amounting to 8.08. The Price to Book ratio for the last quarter was 0.91, with the Price to Cash per share for the same quarter was set at 5.02.

TDOC stock trade performance evaluation

Teladoc Health Inc. [TDOC] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 0.40. With this latest performance, TDOC shares dropped by -1.04% in over the last four-week period, additionally sinking by -42.20% over the last 6 months – not to mention a drop of -54.49% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for TDOC stock in for the last two-week period is set at 40.55, with the RSI for the last a single of trading hit 42.53, and the three-weeks RSI is set at 39.43 for Teladoc Health Inc. [TDOC]. The present Moving Average for the last 50 days of trading for this stock 114.19, while it was recorded at 92.57 for the last single week of trading, and 143.09 for the last 200 days.

Teladoc Health Inc. [TDOC]: An insightful look at the core fundamentals

Teladoc Health Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 3.60 and a Current Ratio set at 3.80.

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Teladoc Health Inc. [TDOC]: Insider Ownership positions

There are presently around $12,713 million, or 81.00% of TDOC stock, in the hands of institutional investors. The top three institutional holders of TDOC stocks are: ARK INVESTMENT MANAGEMENT LLC with ownership of 16,459,812, which is approximately 2.765% of the company’s market cap and around 0.40% of the total institutional ownership; VANGUARD GROUP INC, holding 13,010,070 shares of the stock with an approximate value of $1.24 billion in TDOC stocks shares; and BLACKROCK INC., currently with $845.96 million in TDOC stock with ownership of nearly 4.861% of the company’s market capitalization.

361 institutional holders increased their position in Teladoc Health Inc. [NYSE:TDOC] by around 15,296,498 shares. Additionally, 355 investors decreased positions by around 9,124,414 shares, while 153 investors held positions by with 109,283,648 shares. The mentioned changes placed institutional holdings at 133,704,560 shares, according to the latest SEC report filing. TDOC stock had 58 new institutional investments in for a total of 1,805,197 shares, while 119 institutional investors sold positions of 872,269 shares during the same period.