Prepare Yourself for Liftoff: Talkspace Inc. (TALK)

Talkspace Inc. (NASDAQ: TALK) stock jumped 0.57% on Monday to $1.76 against a previous-day closing price of $1.75. With 0.91 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.5 million shares. During the session, the Health Information Services company that operates in wider Healthcare sector, reached to the highest price of $1.8200 whereas the lowest price it dropped to was $1.7600. The 52-week range on TALK shows that it touched its highest point at $1.81 and its lowest point at $0.52 during that stretch. It currently has a 1-year price target of $3.00. Beta for the stock currently stands at 1.16.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of TALK was up-trending over the past week, with a rise of 10.00%, but this was up by 12.10% over a month. Three-month performance surged to 40.80% while six-month performance rose 182.64%. The stock gained 62.96% in the past year, while it has gained 188.38% so far this year. A look at the trailing 12-month EPS for TALK yields -0.31 with Next year EPS estimates of -0.07. For the next quarter, that number is -0.03. This implies an EPS growth rate of -23.70% for this year and 46.20% for next year.

Float and Shares Shorts:

At present, 164.20 million TALK shares are outstanding with a float of 161.73 million shares on hand for trading. On Aug 30, 2023, short shares totaled 1.7 million, which was 1.02% higher than short shares on Jul 30, 2023. In addition to Dr. Jon R. Cohen M.D. as the firm’s CEO & Director, Ms. Jennifer Fulk serves as its Chief Financial Officer.

Institutional Ownership:

Through their ownership of 68.95% of TALK’s outstanding shares, institutional investors have majority control over the company.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Jun 29, 2023, TALK reported revenue of $29.84M and operating income of -$21.07M. The EBITDA in the recently reported quarter was -$20.80M and diluted EPS was -$0.15.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for TALK since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With TALK analysts setting a high price target of $5.00 and a low target of $5.00, the average target price over the next 12 months is $5.00. Based on these targets, TALK could surge 184.09% to reach the target high and rise by 184.09% to reach the target low. Reaching the average price target will result in a growth of 184.09% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.

Summary of Insider Activity:

Insiders traded TALK stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has increased to 9 while that of sell transactions has risen to 3 over the past year. The total number of shares bought during that period was 970,766 while 6,178 shares were sold.

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