Teladoc Health Inc. [TDOC] is -72.28% lower this YTD. Is it still time to buy?

Teladoc Health Inc. [NYSE: TDOC] stock went on an upward path that rose over 3.33% on Tuesday, amounting to a one-week price increase of more than 2.99%. The company report on October 11, 2022 that Teladoc Health to Announce Third Quarter 2022 Financial Results.


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Conference Call DetailsThe conference call can be accessed by dialing 1-844-200-6205 for U.S. participants, or 1-929-526-1599 for international participants, and using the access code # 270257; or via a live audio webcast that will be available online at https://ir.teladochealth.com/news-and-events/events-and-presentations/.

Over the last 12 months, TDOC stock dropped by -81.32%. The one-year Teladoc Health Inc. stock forecast points to a potential upside of 27.04. The average equity rating for TDOC stock is currently 2.80, trading closer to a bullish pattern in the stock market.

The market cap for the stock reached $4.36 billion, with 161.38 million shares outstanding and 159.73 million shares in the current float. Compared to the average trading volume of 4.96M shares, TDOC stock reached a trading volume of 5314036 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Guru’s Opinion on 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 $34.88 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 2.80. 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.

KeyBanc Capital Markets have made an estimate for Teladoc Health Inc. shares, keeping their opinion on the stock as Sector Weight, with their previous recommendation back on September 16, 2022. While these analysts kept the previous recommendation, Truist raised their target price to Hold. The new note on the price target was released on September 07, 2022, representing the official price target for Teladoc Health Inc. stock. Previously, the target price had yet another raise to $25, while Guggenheim analysts kept a Sell rating on TDOC stock.

The Average True Range (ATR) for Teladoc Health Inc. is set at 1.71, with the Price to Sales ratio for TDOC stock in the period of the last 12 months amounting to 1.95. The Price to Book ratio for the last quarter was 0.68, 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 20.79 with Quick ratio for the last quarter at 3.20.

TDOC Stock Performance Analysis:

Teladoc Health Inc. [TDOC] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 2.99. With this latest performance, TDOC shares dropped by -15.53% in over the last four-week period, additionally sinking by -60.62% over the last 6 months – not to mention a drop of -81.32% 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 42.66, with the RSI for the last a single of trading hit 46.14, and the three-weeks RSI is set at 41.72 for Teladoc Health Inc. [TDOC]. The present Moving Average for the last 50 days of trading for this stock 30.46, while it was recorded at 24.57 for the last single week of trading, and 48.25 for the last 200 days.

Insight into Teladoc Health Inc. Fundamentals:

Operating Margin for any stock indicates how profitable investing would be, and Teladoc Health Inc. [TDOC] shares currently have an operating margin of -11.76 and a Gross Margin at +57.96. Teladoc Health Inc.’s Net Margin is presently recorded at -21.09.

Return on Equity for this stock declined to -2.69, with Return on Assets sitting at -2.35.

Teladoc Health Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 3.20 and a Current Ratio set at 3.40.

Teladoc Health Inc. [TDOC] Insider Position Details

There are presently around $3,641 million, or 86.80% 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 20,858,302, which is approximately 2.781% of the company’s market cap and around 0.20% of the total institutional ownership; VANGUARD GROUP INC, holding 13,560,448 shares of the stock with an approximate value of $345.11 million in TDOC stocks shares; and BLACKROCK INC., currently with $278.69 million in TDOC stock with ownership of nearly 2.2% of the company’s market capitalization.

Positions in Teladoc Health Inc. stocks held by institutional investors increased at the end of October and at the time of the October reporting period, where 264 institutional holders increased their position in Teladoc Health Inc. [NYSE:TDOC] by around 26,856,303 shares. Additionally, 348 investors decreased positions by around 22,786,548 shares, while 99 investors held positions by with 93,424,902 shares. The mentioned changes placed institutional holdings at 143,067,753 shares, according to the latest SEC report filing. TDOC stock had 65 new institutional investments in for a total of 7,400,008 shares, while 174 institutional investors sold positions of 3,927,227 shares during the same period.

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