The stock price of Talkspace Inc (NASDAQ: TALK) has surged by 3.78 when compared to previous closing price of 3.31, but the company has seen a 8.70% gain in its stock price over the last five trading sessions. globenewswire.com reported 2024-11-15 that NEW YORK, Nov. 15, 2024 (GLOBE NEWSWIRE) — Talkspace (Nasdaq: TALK), a leading behavioral healthcare company, today announced that Dr. Jon Cohen, Chief Executive Officer, and Ian Harris, Chief Financial Officer, will participate in the 3rd Annual Needham Virtual Health Tech 1×1 Conference, being held on Wednesday, November 20, 2024.
Is It Worth Investing in Talkspace Inc (NASDAQ: TALK) Right Now?
TALK has 36-month beta value of 1.11. Analysts have mixed views on the stock, with 3 analysts rating it as a “buy,” 1 as “overweight,” 2 as “hold,” and 0 as “sell.”
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The public float for TALK is 136.27M, and currently, short sellers hold a 3.22% ratio of that float. The average trading volume of TALK on November 27, 2024 was 2.32M shares.
TALK’s Market Performance
TALK’s stock has seen a 8.70% increase for the week, with a 8.02% rise in the past month and a 77.98% gain in the past quarter. The volatility ratio for the week is 5.68%, and the volatility levels for the past 30 days are at 6.95% for Talkspace Inc The simple moving average for the last 20 days is 5.80% for TALK stock, with a simple moving average of 31.40% for the last 200 days.
Analysts’ Opinion of TALK
Many brokerage firms have already submitted their reports for TALK stocks, with Northland Capital repeating the rating for TALK by listing it as a “Outperform.” The predicted price for TALK in the upcoming period, according to Northland Capital is $5 based on the research report published on November 20, 2024 of the current year 2024.
Barclays gave a rating of “Equal Weight” to TALK, setting the target price at $2.50 in the report published on January 03rd of the current year.
TALK Trading at 23.49% from the 50-Day Moving Average
After a stumble in the market that brought TALK to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -12.37% of loss for the given period.
Volatility was left at 6.95%, however, over the last 30 days, the volatility rate increased by 5.68%, as shares surge +7.73% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +67.40% upper at present.
During the last 5 trading sessions, TALK rose by +8.07%, which changed the moving average for the period of 200-days by +53.83% in comparison to the 20-day moving average, which settled at $3.25. In addition, Talkspace Inc saw 35.24% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at TALK starting from Margolin Gil, who sale 134,654 shares at the price of $3.10 back on Nov 20 ’24. After this action, Margolin Gil now owns 288,117 shares of Talkspace Inc, valued at $416,943 using the latest closing price.
Margolin Gil, the CTO of Talkspace Inc, proposed sale 186,801 shares at $3.09 during a trade that took place back on Nov 20 ’24, which means that Margolin Gil is holding shares at $576,511 based on the most recent closing price.
Stock Fundamentals for TALK
Current profitability levels for the company are sitting at:
- -0.04 for the present operating margin
- 0.47 for the gross margin
The net margin for Talkspace Inc stands at -0.03. The total capital return value is set at -0.06. Equity return is now at value -1.17, with -0.98 for asset returns.
Currently, EBITDA for the company is -22.01 million with net debt to EBITDA at 16.61. When we switch over and look at the enterprise to sales, we see a ratio of 2.55. The receivables turnover for the company is 18.88for trailing twelve months and the total asset turnover is 1.31. The liquidity ratio also appears to be rather interesting for investors as it stands at 6.90.
Conclusion
To put it simply, Talkspace Inc (TALK) has had a better performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
