Teladoc Health Inc. [TDOC] Revenue clocked in at $2.14 billion, down -56.63% YTD: What’s Next?

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Teladoc Health Inc. [NYSE: TDOC] surged by $0.89 during the normal trading session on Tuesday and reaching a high of $40.65 during the day while it closed the day at $39.82. The company report on July 12, 2022 that Teladoc Health to Announce Second Quarter 2022 Financial Results.


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Teladoc Health, Inc. (NYSE: TDOC), the global leader in whole-person virtual care, announced that it will release second quarter 2022 results on Wednesday, July 27, 2022, after the market closes. In conjunction, the company will host a conference call to review results at 4:30 p.m. E.T. on the same day.

Teladoc Health Inc. stock has also gained 2.60% of its value over the past 7 days. However, TDOC stock has declined by -39.72% in the 3 months of the year. Over the past six months meanwhile, it has lost -51.55% and lost -56.63% year-on date.

The market cap for TDOC stock reached $6.48 billion, with 160.53 million shares outstanding and 158.99 million shares in the current float. Compared to the average trading volume of 8.49M shares, TDOC reached a trading volume of 4160250 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 $57.90 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 2.70. 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.

BofA Securities have made an estimate for Teladoc Health Inc. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on July 06, 2022. The new note on the price target was released on May 05, 2022, representing the official price target for Teladoc Health Inc. stock. On April 28, 2022, analysts decreased their price target for TDOC shares from 104 to 40.

The Average True Range (ATR) for Teladoc Health Inc. is set at 2.80, with the Price to Sales ratio for TDOC stock in the period of the last 12 months amounting to 3.02. The Price to Book ratio for the last quarter was 0.70, with the Price to Cash per share for the same quarter was set at 5.15. Price to Free Cash Flow for TDOC in the course of the last twelve months was 38.12 with Quick ratio for the last quarter at 3.70.

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 2.60. With this latest performance, TDOC shares gained by 19.65% in over the last four-week period, additionally sinking by -51.55% over the last 6 months – not to mention a drop of -74.47% 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 57.37, with the RSI for the last a single of trading hit 60.43, and the three-weeks RSI is set at 53.33 for Teladoc Health Inc. [TDOC]. The present Moving Average for the last 50 days of trading for this stock 34.11, while it was recorded at 40.32 for the last single week of trading, and 78.39 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 3.70 and a Current Ratio set at 3.90.

Teladoc Health Inc. [TDOC]: Insider Ownership positions

There are presently around $5,429 million, or 82.10% 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 20,293,962, which is approximately 4.248% of the company’s market cap and around 0.50% of the total institutional ownership; VANGUARD GROUP INC, holding 13,238,243 shares of the stock with an approximate value of $515.37 million in TDOC stocks shares; and BAILLIE GIFFORD & CO, currently with $417.64 million in TDOC stock with ownership of nearly -1.37% of the company’s market capitalization.

Positions in Teladoc Health Inc. stocks held by institutional investors increased at the end of July and at the time of the July reporting period, where 329 institutional holders increased their position in Teladoc Health Inc. [NYSE:TDOC] by around 12,614,182 shares. Additionally, 354 investors decreased positions by around 13,752,980 shares, while 110 investors held positions by with 113,078,079 shares. The mentioned changes placed institutional holdings at 139,445,241 shares, according to the latest SEC report filing. TDOC stock had 77 new institutional investments in for a total of 2,109,515 shares, while 129 institutional investors sold positions of 2,606,493 shares during the same period.

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