Talkspace Inc (NASDAQ:TALK) shares, rose in value, with the stock price down by -0.31% to the previous day’s close as strong demand from buyers drove the stock to $3.17.
Actively observing the price movement in the last trading, the stock closed the session at $3.18, falling within a range of $3.07 and $3.26. The value of beta (5-year monthly) was 1.21. Referring to stock’s 52-week performance, its high was $3.92, and the low was $1.41. On the whole, TALK has fluctuated by 50.24% over the past month.
With the market capitalization of Talkspace Inc currently standing at about $533.23 million, investors are eagerly awaiting this quarter’s results, scheduled for on 2025-Feb-20.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 188.66M, with a low estimate of 49.29M and a high estimate of 50M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 49.67M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that TALK’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium-term indicators have put the stock in the category of Hold while long-term indicators on average have been pointing out that it is a 50% Buy.
The stock’s technical analysis shows that the price of TALK currently trading nearly 19.37% and 42.24% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 72.51, while the 7-day volatility ratio is showing 9.73% which for the 30-day chart, stands at 7.30%. Furthermore, Talkspace Inc (TALK)’s beta value is 1.21, and its average true range (ATR) is 0.19.
A comparison of Talkspace Inc (TALK) with its peers suggests the former has fared considerably weaker in the market. TALK showed an intraday change of -0.31% in last session, and over the past year, it grew by 81.14%%.
Data on historical trading for Talkspace Inc (NASDAQ:TALK) indicates that the trading volumes over the past 10 days have averaged 3.03 and over the past 3 months, they’ve averaged 2.12 million. According to company’s latest data on outstanding shares, there are 168.43 million shares outstanding.
Nearly 23.96% of Talkspace Inc’s shares belong to company insiders and institutional investors own 43.12% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 6.39 million shares as on 2024-10-15, resulting in a short ratio of 1.88. According to the data, the short interest in Talkspace Inc (TALK) stood at 496.00 of shares outstanding as of 2024-10-15; the number of short shares registered in 2024-09-13 reached 6.39 million. The stock has risen by 24.80% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the TALK stock heading into the next quarter.
