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

Teladoc Health Inc. [NYSE: TDOC] plunged by -$0.56 during the normal trading session on Wednesday and reaching a high of $22.51 during the day while it closed the day at $21.90. The company report on August 29, 2023 at 2:35 PM that Teladoc Health Is Providing Free Virtual Health Care Services to Florida Residents Impacted by Hurricane Idalia.

Individuals in Florida who have been displaced or who cannot access medical care as a result of the storm can seek treatment from a licensed health care professional for any non-emergency illness by calling Teladoc Health directly at 855-225-5032. Individuals seeking physician-authorization for prescription refills of non-narcotic drugs can also get assistance. For emergencies, patients should call 911.

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Teladoc Health Inc. stock has also loss -4.66% of its value over the past 7 days. However, TDOC stock has declined by -13.58% in the 3 months of the year. Over the past six months meanwhile, it has lost -11.05% and lost -7.40% year-on date.

The market cap for TDOC stock reached $3.66 billion, with 164.17 million shares outstanding and 163.91 million shares in the current float. Compared to the average trading volume of 5.28M shares, TDOC reached a trading volume of 4441534 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 $29.78 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 Average True Range (ATR) for Teladoc Health Inc. is set at 0.84, with the Price to Sales ratio for TDOC stock in the period of the last 12 months amounting to 1.44. The Price to Book ratio for the last quarter was 1.57, with the Price to Cash per share for the same quarter was set at 5.74. Price to Free Cash Flow for TDOC in the course of the last twelve months was 57.49 with Quick ratio for the last quarter at 3.40.

TDOC stock trade performance evaluation

Teladoc Health Inc. [TDOC] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -4.66. With this latest performance, TDOC shares dropped by -8.02% in over the last four-week period, additionally sinking by -11.05% over the last 6 months – not to mention a drop of -35.96% 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 37.50, with the RSI for the last a single of trading hit 33.55, and the three-weeks RSI is set at 40.49 for Teladoc Health Inc. [TDOC]. The present Moving Average for the last 50 days of trading for this stock 24.16, while it was recorded at 22.41 for the last single week of trading, and 25.56 for the last 200 days.

Teladoc Health Inc. [TDOC]: An insightful look at the core 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 3.40 and a Current Ratio set at 3.40.

Teladoc Health Inc. [TDOC]: Institutional Ownership

The top three institutional holders of TDOC stocks are: VANGUARD GROUP INC with ownership of 1.31 billion shares, which is approximately 8.2089%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $170.67 trillion in TDOC stocks shares; and BERKSHIRE HATHAWAY INC, currently with $150.98 trillion in TDOC stock with ownership which is approximately 5.7381%.

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