Market Analysts see Teladoc Health Inc. [TDOC] gaining to $25. Time to buy?

Teladoc Health Inc. [NYSE: TDOC] traded at a high on 04/18/23, posting a 5.68 gain after which it closed the day’ session at $27.34. The company report on April 18, 2023 that Teladoc Health Launches Provider-Based Care for Weight Management & Prediabetes Programs.

Ongoing physician support ensures highest clinical quality as new therapies gain popularity.

The results of the trading session contributed to over 24539396 shares changing hands. Over the past one week, the price volatility of Teladoc Health Inc. stands at 5.56% while the volatility over the past one month is 4.24%.

The market cap for TDOC stock reached $4.57 billion, with 162.18 million shares outstanding and 160.19 million shares in the current float. Compared to the average trading volume of 3.75M shares, TDOC reached a trading volume of 24539396 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus 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 $29.53 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.

Stephens have made an estimate for Teladoc Health Inc. shares, keeping their opinion on the stock as Equal-Weight, with their previous recommendation back on April 12, 2023. The new note on the price target was released on February 23, 2023, representing the official price target for Teladoc Health Inc. stock.

The Average True Range (ATR) for Teladoc Health Inc. is set at 1.25, with the Price to Sales ratio for TDOC stock in the period of the last 12 months amounting to 1.90. The Price to Book ratio for the last quarter was 1.92, with the Price to Cash per share for the same quarter was set at 5.50. Price to Free Cash Flow for TDOC in the course of the last twelve months was 26.42 with Quick ratio for the last quarter at 3.10.

How has TDOC stock performed recently?

Teladoc Health Inc. [TDOC] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 4.11. With this latest performance, TDOC shares gained by 11.27% in over the last four-week period, additionally plugging by 18.05% over the last 6 months – not to mention a drop of -58.05% 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 58.63, with the RSI for the last a single of trading hit 64.21, and the three-weeks RSI is set at 55.08 for Teladoc Health Inc. [TDOC]. The present Moving Average for the last 50 days of trading for this stock 26.63, while it was recorded at 26.03 for the last single week of trading, and 29.44 for the last 200 days.

Teladoc Health Inc. [TDOC]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Teladoc Health Inc. [TDOC] shares currently have an operating margin of -9.45 and a Gross Margin at +58.45. Teladoc Health Inc.’s Net Margin is presently recorded at -567.53.

Return on Total Capital for TDOC is now -2.14, given the latest momentum, and Return on Invested Capital for the company is -128.90. Return on Equity for this stock declined to -148.85, with Return on Assets sitting at -119.28. When it comes to the capital structure of this company, Teladoc Health Inc. [TDOC] has a Total Debt to Total Equity ratio set at 68.77. Additionally, TDOC Total Debt to Total Capital is recorded at 40.75, with Total Debt to Total Assets ending up at 33.76. Long-Term Debt to Equity for the company is recorded at 68.18, with the Long-Term Debt to Total Capital now at 40.40.

Reflecting on the efficiency of the workforce at the company, Teladoc Health Inc. [TDOC] managed to generate an average of -$2,439,202 per employee. Receivables Turnover for the company is 11.90 with a Total Asset Turnover recorded at a value of 0.21.Teladoc Health Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 3.10 and a Current Ratio set at 3.30.

Insider trade positions for Teladoc Health Inc. [TDOC]

There are presently around $3,443 million, or 83.80% 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 20,584,180, which is approximately 8.747% of the company’s market cap and around 0.10% of the total institutional ownership; VANGUARD GROUP INC, holding 14,476,155 shares of the stock with an approximate value of $374.5 million in TDOC stocks shares; and BLACKROCK INC., currently with $255.72 million in TDOC stock with ownership of nearly -15.189% of the company’s market capitalization.

Positions in Teladoc Health Inc. stocks held by institutional investors increased at the end of Wednesday and at the time of the Wednesday reporting period, where 190 institutional holders increased their position in Teladoc Health Inc. [NYSE:TDOC] by around 15,257,724 shares. Additionally, 271 investors decreased positions by around 18,478,130 shares, while 88 investors held positions by with 99,339,990 shares. The mentioned changes placed institutional holdings at 133,075,844 shares, according to the latest SEC report filing. TDOC stock had 74 new institutional investments in for a total of 1,484,442 shares, while 113 institutional investors sold positions of 6,407,790 shares during the same period.