Closing Strong: Talkspace Inc (TALK) Ends at 2.08, Up 2.46 from Last Close

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After finishing at $2.03 in the prior trading day, Talkspace Inc (NASDAQ: TALK) closed at $2.08, up 2.46%. In other words, the price has increased by $2.46 from its previous closing price. On the day, 3.65 million shares were traded. TALK stock price reached its highest trading level at $2.09 during the session, while it also had its lowest trading level at $1.875.

Ratios:

Our goal is to gain a better understanding of TALK by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 7.24 and its Current Ratio is at 7.24. In the meantime, Its Debt-to-Equity ratio is 0.00 whereas as Long-Term Debt/Eq ratio is at 0.00.

On January 03, 2024, Barclays started tracking the stock assigning a Equal Weight rating and target price of $2.50.

On December 02, 2021, Jefferies started tracking the stock assigning a Hold rating and target price of $2.Jefferies initiated its Hold rating on December 02, 2021, with a $2 target price.

Insider Transactions:

The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Sep 18 ’24 when Harris Ian Jiro bought 27,500 shares for $2.07 per share. The transaction valued at 56,925 led to the insider holds 374,557 shares of the business.

Harris Ian Jiro bought 23,100 shares of TALK for $48,741 on Sep 19 ’24. The Chief Financial Officer now owns 397,657 shares after completing the transaction at $2.11 per share. On Sep 17 ’24, another insider, Harris Ian Jiro, who serves as the Chief Financial Officer of the company, bought 19,500 shares for $2.20 each. As a result, the insider paid 42,900 and bolstered with 347,057 shares of the company.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, TALK now has a Market Capitalization of 349880960 and an Enterprise Value of 234968464. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.03 while its Price-to-Book (P/B) ratio in mrq is 3.07. Its current Enterprise Value per Revenue stands at 1.362 whereas that against EBITDA is -19.715.

Stock Price History:

Over the past 52 weeks, TALK has reached a high of $3.92, while it has fallen to a 52-week low of $1.41. The 50-Day Moving Average of the stock is 9.04%, while the 200-Day Moving Average is calculated to be -17.19%.

Shares Statistics:

The stock has traded on average 1.85M shares per day over the past 3-months and 4210490 shares per day over the last 10 days, according to various share statistics. A total of 168.43M shares are outstanding, with a floating share count of 127.92M. Insiders hold about 23.96% of the company’s shares, while institutions hold 45.19% stake in the company. Shares short for TALK as of 1724976000 were 6676538 with a Short Ratio of 3.61, compared to 1722384000 on 7542451. Therefore, it implies a Short% of Shares Outstanding of 6676538 and a Short% of Float of 5.19.

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