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Abhoy Sarkar's Avatar
published in Blogs
Apr 29, 2021

Teladoc (TDOC, $169.27) shares drop, on analysts' price target cuts

Online healthcare company Teladoc Health’s   shares fell Thursday as several analysts lowered their share-price targets – following lower-than-expected quarterly earnings.

Teladoc reported a loss of -$1.31 a share, steeper than the -40 cents loss expected by analysts. It is also wider than the year-ago quarter’s  -40 cents per share.

Evercore ISI’s Elizabeth Anderson slashed her price target to $185 from $195 and kept her in-line rating.  While she viewed the membership forecast and lower guidance for EBITDA in the second half of 2021, on rising expenses as negatives, she saw tailwinds in the increased revenue outlook, including the combined sales pipeline and TDOC’s specialty and mental health traction.

Citi analyst Daniel Grosslight lowered his price target on Teladoc shares to $260 from $275, but maintained his buy rating.  “By most metrics, TDOC’s quarter was solid,” he said, but added that Teladoc faces “greater competitive intensity.”

Cowen analyst Charles Rhyee cut his price target to $240 from $268, while keeping his outperform rating. According to Rhyee, earnings were strong, but investors expected more and were disappointed visit gains “didn’t flow through to revenue.”

 

 

 

 

 

Related Ticker: TDOC

TDOC in +4.03% Uptrend, advancing for three consecutive days on June 05, 2023

Moving higher for three straight days is viewed as a bullish sign. Keep an eye on this stock for future growth. Considering data from situations where TDOC advanced for three days, in of 319 cases, the price rose further within the following month. The odds of a continued upward trend are .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on June 02, 2023. You may want to consider a long position or call options on TDOC as a result. In of 89 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

The Moving Average Convergence Divergence (MACD) for TDOC just turned positive on June 02, 2023. Looking at past instances where TDOC's MACD turned positive, the stock continued to rise in of 49 cases over the following month. The odds of a continued upward trend are .

TDOC may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.

Bearish Trend Analysis

The Stochastic Oscillator entered the overbought zone. Expect a price pull-back in the foreseeable future.

TDOC moved below its 50-day moving average on May 09, 2023 date and that indicates a change from an upward trend to a downward trend.

The 10-day moving average for TDOC crossed bearishly below the 50-day moving average on May 12, 2023. This indicates that the trend has shifted lower and could be considered a sell signal. In of 15 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .

Following a 3-day decline, the stock is projected to fall further. Considering past instances where TDOC declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

The Aroon Indicator for TDOC entered a downward trend on June 05, 2023. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.

Fundamental Analysis (Ratings)

Fear & Greed

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is fair valued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (1.771) is normal, around the industry mean (31.438). P/E Ratio (0.000) is within average values for comparable stocks, (167.584). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (4.139). Dividend Yield (0.000) settles around the average of (0.068) among similar stocks. P/S Ratio (1.626) is also within normal values, averaging (75.238).

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating slightly worse than average price growth. TDOC’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron Seasonality Score of (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. TDOC’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 89, placing this stock worse than average.

Notable companies

The most notable companies in this group are Microsoft Corp (NASDAQ:MSFT), Oracle Corp (NYSE:ORCL), Salesforce (NYSE:CRM), Adobe (NASDAQ:ADBE), Intuit (NASDAQ:INTU), SERVICENOW (NYSE:NOW), Uber Technologies (NYSE:UBER), Shopify (NYSE:SHOP), Palo Alto Networks (NASDAQ:PANW), Activision Blizzard (NASDAQ:ATVI).

Industry description

Packaged software comprises multiple software programs bundled together and sold as a group. For example, Microsoft Office includes multiple applications such as Excel, Word, and PowerPoint. In some cases, buying a bundled product is cheaper than purchasing each item individually[s20] . Microsoft Corporation, Oracle Corp. and Adobe are some major American packaged software makers.

Market Cap

The average market capitalization across the Packaged Software Industry is 7.91B. The market cap for tickers in the group ranges from 291 to 2.5T. MSFT holds the highest valuation in this group at 2.5T. The lowest valued company is BLGI at 291.

High and low price notable news

The average weekly price growth across all stocks in the Packaged Software Industry was 2%. For the same Industry, the average monthly price growth was 11%, and the average quarterly price growth was 29%. QGSI experienced the highest price growth at 335%, while LIQQF experienced the biggest fall at -80%.

Volume

The average weekly volume growth across all stocks in the Packaged Software Industry was -6%. For the same stocks of the Industry, the average monthly volume growth was -3% and the average quarterly volume growth was 10%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 53
P/E Growth Rating: 72
Price Growth Rating: 52
SMR Rating: 83
Profit Risk Rating: 89
Seasonality Score: 9 (-100 ... +100)
View a ticker or compare two or three
Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I.Advisor
published price charts
A.I. Advisor
published General Information

General Information

a telephone and online video consultation service

Industry PackagedSoftware

Profile
Fundamentals
Details
Industry
Hospital Or Nursing Management
Address
2 Manhattanville Road
Phone
+1 203 635-2002
Employees
5600
Web
https://www.teladochealth.com
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TDOC and

Correlation & Price change

A.I.dvisor indicates that over the last year, TDOC has been closely correlated with AFRM. These tickers have moved in lockstep 75% of the time. This A.I.-generated data suggests there is a high statistical probability that if TDOC jumps, then AFRM could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To TDOC
1D Price
Change %
TDOC100%
+1.27%
AFRM - TDOC
75%
Closely correlated
-0.96%
U - TDOC
71%
Closely correlated
+17.16%
SQ - TDOC
70%
Closely correlated
+0.13%
RNG - TDOC
69%
Closely correlated
-2.33%
PEGA - TDOC
69%
Closely correlated
+2.16%
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