Talkspace Inc. [TALK] Revenue clocked in at $115.50 million, down -48.22% YTD: What’s Next?
Talkspace Company [NASDAQ: TALK] It rose 22.39% in the last trading session, and the share price reached $1.02 at that time. Company report on September 15, 2022 John Cohen and Michael Hansen join Talkspace’s board of directors.
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Shareholders agree to all actions at the first annual shareholder meeting.
Contributors to Talkspace, Inc. (Nasdaq: TALK) Today John Cohen, Managing Director, joined the Virtual Behavioral Health Care Company’s Board of Directors and approved all other shareholder proposals during the company’s first annual shareholder meeting.
Talkspace Inc. 155.71 million shares traded, while the company’s total market capitalization is $170.80 million with the latest information. TALK’s share price is found in the range from $0.83 to $1.06.
If compared to the average trading volume of 543.41 thousand shares, TALK reached a trading volume of 3,920,438 on the last trading day, which is why market watchers consider the stock to be active.
Here’s what top stock market experts have to say about Talkspace Inc. [TALK]:
Based on careful, fact-backed analysis by Wall Street experts, the current consensus on TALK’s stock price target is $2.04 per share. Target price analysis and stock performance are usually carefully studied by market experts, and the current Wall Street consensus for TALK stock is a set recommendation at 2.40. This rating represents a strong buy recommendation, on a scale of 1 to 5, where 5 means strong sell, 4 represents sell, 3 represents hold, and 2 indicates buy.
Jefferies made an appreciation for the shares of Talkspace Inc. , retaining their opinion on the stock as a hold, with their previous recommendation back on December 02, 2021. The new note on price target was issued on November 16, 2021, which is the official target price for Talkspace Inc. stock. Previously, price target saw another drop from $10 to $3, while Robert W. Bird maintained a neutral rating on TALK stock.
The Average True Range (ATR) was set by Talkspace Inc. at 0.11, with the price-to-sales ratio for TALK stock in the past 12-month period at 1.48. The price-to-book ratio for the last quarter was 1.01, with the price-to-cash-to-cash ratio for the same quarter set at 0.99.
TALK stock trading performance analysis
Talkspace Company [TALK] It fell into the red at the end of last week, fell in a negative direction and fell by -5.56. With this latest performance, TALK shares are down -35.03% over the past four-week period, and also -37.04% over the past six months – not to mention a -76.50% drop in the last year of trading.
Overbought and oversold stocks can be easily tracked by the Relative Strength Index (RSI), where an RSI result of over 70 is overbought, and any price below 30 indicates oversold conditions. The RSI of 50 represents neutral momentum in the market. The current RSI for the TALK stock for the past two weeks was set at 35.08, with the RSI for the last one trading at 38.31, and the three-week RSI set at 35.45 for Talkspace Inc. [TALK]. The current moving average for the last 50 trading days for this stock is 1.4831 while it recorded at 0.9484 for the last trading week, and 1.5661 for the last 200 days.
Talkspace Company [TALK]A deeper look at fundamental analysis
Operating margin for any stock indicates how profitable the investment is, and Talkspace Inc. [TALK] The equity’s current operating margin is -82.63 and the total margin is +58.57. Net margin reported to Talkspace Inc. Currently at -55.20.
The return on equity for this stock fell to -23.51, with the return on assets remaining at -19.63.
Talkspace Inc.’s liquidity data is Interesting too, with the quick ratio at 7.20 and the current one set at 7.20.
Talkspace Inc.’s Internal Ownership Analysis. [TALK]
There are currently approximately $76 million, or 55.10% of TALK’s stock, in the hands of institutional investors. The three largest institutional owners of TALK shares are: NORWEST VENTURE PARTNERS XIII, LP with ownership of 14,702,972, which is approximately 0% of the company’s market capitalization and approximately 2.80% of the total institutional ownership; HUDSON EXECUTIVE CAPITAL LP, owns 11,340,600 shares of stock with an approximate value of $11.57 million in TALK stock; and REVOLUTION GROWTH MANAGEMENT, INC. , currently holds $8.87 million in TALK stock with ownership of approximately 0% of the company’s market capitalization.
Positions in Talkspace Inc shares increased. held by institutional investors at the end of August and at the time of the report in August, as 28 institutional owners consolidated their positions in Talkspace Inc. [NASDAQ:TALK] About 5,354,656 shares. In addition, the number of 38 investors decreased by 4,954,958 shares, while 16 investors held positions with 64,505,425 shares. The said changes put institutional holdings at 74,815,039 shares, according to the latest report from the Securities and Exchange Commission. TALK had 21 new institutional investments totaling 4,560,939 shares, while 18 institutional investors sold positions worth 2,365,012 shares during the same period.