Talkspace Inc (NASDAQ:TALK) shares, rose in value on Thursday, February 13, with the stock price up by 0.72% to the previous day’s close as strong demand from buyers drove the stock to $4.17.
Actively observing the price movement in the last trading, the stock closed the session at $4.14. Referring to stock’s 52-week performance, its high was $4.24, and the low was $1.60. On the whole, TALK has fluctuated by 47.35% over the past month.
With the market capitalization of Talkspace Inc currently standing at about $704.41 million, investors are eagerly awaiting this quarter’s results, scheduled for in March.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 188.85M, with a low estimate of 49M and a high estimate of 52M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 49.94M.
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 100% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the price of TALK currently trading nearly 21.63% and 26.59% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 78.50, while the 7-day volatility ratio is showing 6.05% which for the 30-day chart, stands at 5.29%. Furthermore, Talkspace Inc (TALK)’s beta value is 1.11, 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 0.72% in last session, and over the past year, it grew by 75.95%%.
Data on historical trading for Talkspace Inc (NASDAQ:TALK) indicates that the trading volumes over the past 3 months, they’ve averaged 1.42 million. According to company’s latest data on outstanding shares, there are 168.82 million shares outstanding.
Nearly 19.52% of Talkspace Inc’s shares belong to company insiders and institutional investors own 46.38% of the company’s shares. The stock has risen by 34.95% 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.
