Talkspace Inc [NASDAQ: TALK] plunged by -$0.49 during the normal trading session on while it closed the day at $2.69.
Talkspace Inc stock has also loss -12.09% of its value over the past 7 days. However, TALK stock has inclined by 12.08% in the 3 months of the year. Over the past six months meanwhile, it has gained 66.05% and gained 5.91% year-on date.
The market cap for TALK stock reached $456.33 million, with 168.43 million shares outstanding and 122.36 million shares in the current float. Compared to the average trading volume of 1.41M shares, TALK reached a trading volume of 5099003 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 Talkspace Inc [TALK]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for TALK shares is $4.00 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on TALK stock is a recommendation set at 1.67. 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.
Barclays have made an estimate for Talkspace Inc shares, keeping their opinion on the stock as Equal Weight, with their previous recommendation back on January 03, 2024. While these analysts kept the previous recommendation, Jefferies raised their target price to Hold. The new note on the price target was released on December 02, 2021, representing the official price target for Talkspace Inc stock. On November 16, 2021, analysts decreased their price target for TALK shares from 10 to 3.
The Average True Range (ATR) for Talkspace Inc is set at 0.20, with the Price to Sales ratio for TALK stock in the period of the last 12 months amounting to 3.04. The Price to Book ratio for the last quarter was 3.82, with the Price to Cash per share for the same quarter was set at 0.73.
TALK stock trade performance evaluation
Talkspace Inc [TALK] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -12.09. With this latest performance, TALK shares dropped by -27.88% in over the last four-week period, additionally plugging by 66.05% over the last 6 months – not to mention a rise of 219.78% 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 TALK stock in for the last two-week period is set at 30.93, with the RSI for the last a single of trading hit 24.44, and the three-weeks RSI is set at 36.42 for Talkspace Inc [TALK]. The present Moving Average for the last 50 days of trading for this stock 3.25, while it was recorded at 3.07 for the last single week of trading, and 2.32 for the last 200 days.
Talkspace Inc [TALK]: An insightful look at the core fundamentals
Talkspace Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 6.46 and a Current Ratio set at 6.46.
Talkspace Inc [TALK]: Institutional Ownership
The top three institutional holders of TALK stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.4983%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $200.69 billion in TALK stocks shares; and BERKSHIRE HATHAWAY INC, currently with $174.35 billion in TALK stock with ownership which is approximately 5.8386%.
