Talkspace Inc (NASDAQ:TALK) price on Friday, January 17, fall -0.66% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $3.02.
A look at the stock’s price movement, the close in the last trading session was $3.04, moving within a range at $3.01 and $3.1175. The beta value (5-Year monthly) was 1.106. Turning to its 52-week performance, $3.92 and $1.60 were the 52-week high and 52-week low respectively. Overall, TALK moved -9.58% over the past month.
Talkspace Inc’s market cap currently stands at around $510.15 million, with investors looking forward to this quarter’s earnings report slated for in February.
Analysts have a consensus estimate of 49.87M for the company’s revenue for the quarter, with a low and high estimate of 49M and 52.02M respectively. The average forecast suggests up to a 17.57% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 188.78M, representing a 25.81% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that TALK is a Hold. On the other hand, the stock is on average a 50% Buy as suggested by medium term indicators while long term indicators are putting the stock in 100% Buy category.
2 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 2 analyst(s) rate the stock as a Hold, 0 recommend TALK as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Hold which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
TALK’s current price about -1.31% and -6.32% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 46.07, while 7-day volatility ratio is 5.41% and 5.30% in the 30-day chart. Further, Talkspace Inc (TALK) has a beta value of 1.14, and an average true range (ATR) of 0.17. Analysts have given the company’s stock an average 52-week price target of $2.5, forecast between a low of $2 and high of $3. Looking at the price targets, the low is 33.77% off current price level while to achieve the yearly target high, price needs to move 0.66%. Nonetheless, investors will most likely welcome a 17.22% jump to $2.5 which is the analysts’ median price.
If we refocus on Talkspace Inc (NASDAQ:TALK), historical trading data shows that trading volumes averaged 1.14 over the past 10 days and 1.74 million over the past 3 months. The company’s latest data on shares outstanding shows there are 168.82 million shares.
The 19.52% of Talkspace Inc’s shares are in the hands of company insiders while institutional holders own 45.76% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 5.63 million on 2024-12-31, giving us a short ratio of 4.13. The data shows that as of 2024-12-31 short interest in Talkspace Inc (TALK) stood at 434.99999999999994 of shares outstanding, with shares short rising to 4.51 million registered in 2024-11-29. Current price change has pushed the stock -2.27% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the TALK stock continues to rise going into the next quarter.
