Talkspace Inc (NASDAQ:TALK) traded at $3.14 at close of the session on Friday, November 01 and made an upward move of 0.32% on its previous day’s price.
Looking at the stock we see that its previous close was $3.13 and the beta (5Y monthly) reads 1.21 with the day’s price range being $3.075 – $3.24. In terms of its 52-week price range, TALK has a high of $3.92 and a low of $1.41. The company’s stock has gained about 31.93% over that past 30 days.
Talkspace Inc has a market cap of $529.88 million and is expected to release its quarterly earnings report in December. Estimates by analysts give the company expected earnings per share (EPS) of 0.01, with the EPS growth for the year raised at 0.01 for current year and 0.01 for next year.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at 49.67M, with a low of 49.29M and a high of 50M. The median projection represents growth squeezing down to 17.10% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for current year is expected to hit 188.66M, or 25.70% up from figures reported last year.
On the other hand, looking at the outlook for the TALK stock, short term indicators assign the stock an average of 100% Buy, while medium term indicators assign it an average of Hold.
Based on estimates by 2 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 2 have rated the Talkspace Inc (TALK) stock as a Hold, while 0 rate it as a Buy. 0 analyst(s) rate it as overweight while 0 of them rated it as underweight, whereas 0 suggest the stock as a Sell. The stock has an overall rating of Hold and investors could take advantage and scoop up stock of the company.
Looking further, we note the current price level is 15.17% off its SMA20 and 37.45% from its 50-day simple moving average. The RSI (14) is pointing at 70.60 while the volatility over the past week is 11.24% and jumps to 7.12% over the past one month. The beta value is 1.11, while the average true range (ATR) is currently pointing at 0.20. The average price target for the stock over the next 12 months is $2.5, with the estimates having a low of $2 and a high of $3. These price ends are 36.31% and 4.46% off the current price level respectively, although investors could be excited at the prospect of a 20.38% if the TALK share price touches on the median price of $2.5.
Coming back to Talkspace Inc (NASDAQ:TALK), we note that the average 3-month trading volume was 2.19 million, while that of the preceding 10-day period stands at 3.1 million. Current shares outstanding are 168.43 million.
