What's Going On With Teladoc Health Stock Today?
Portfolio Pulse from Erica Kollmann
Teladoc Health, Inc. (NYSE:TDOC) shares have been volatile, with the stock down by over 11% in the last five days. The company reported a Q3 loss of 35 cents per share and revenue of $660.238 billion. It also issued Q4 guidance below estimates. Analysts from Oppenheimer and RBC Capital have maintained an Outperform rating but lowered the price target. TDOC shares are being heavily shorted, with 18.73% of available shares sold short.
October 30, 2023 | 3:47 pm
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Teladoc Health's stock has been volatile and is down over 11% in the last five days. The company's Q3 loss and lower-than-expected Q4 guidance, along with lowered price targets from analysts, may continue to impact the stock negatively.
Teladoc Health's Q3 loss and lower-than-expected Q4 guidance are negative indicators for the company's financial health. Additionally, lowered price targets from analysts suggest a lack of confidence in the company's near-term performance. The high percentage of shorted shares indicates that many investors expect the stock's price to decrease.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100