Teladoc, Inc. (NYSE:TDOC) last traded at $30.65 with a low of $29.70 and a high of $31.75. The big move qualifies the stock as one of the day’s most volatile.
The stock last traded at $30.65 well below $34.32, the stock’s 50 day moving average and significantly below the 200 day moving average of $34.32. The 50 day moving average was down $-3.67 and the 200 day average went down by -10.70%.
Investors are more bearish on the company as indicated by the uptick in short interest. The company recorded a rise in short interest of 4.56% as of August 31, 2017 from the last reporting period. Short interest grew 707,019 over that period. Days to cover increased from 15.0 to 22.0 and the short interest percentage is 0.30% as of August 31.
Teladoc, Inc. (NYSE:TDOC) has been the object of insider selling activity recently. CLO Adam C. Vandervoort let go of 53,806 shares at an average price of $30.92 on August 7th. Vandervoort now owns $6,184 of stock as recorded in a recent Form 4 SEC filing.
Recent Analyst Ratings
On September 18 the company was rated “Neutral” according to a Baird report down from the previous “” rating. As of the latest earnings report the EPS was $-1.51 and is projected to be $-1.44 for the current year with 56,654,000 shares presently outstanding. Analysts expect next quarter’s EPS to be $-0.37 with next year’s EPS projected to be $-1.13.
Teladoc, Inc., launched on October 16, 2008, is a telehealth company. The Company offers telehealth platform, delivering on-demand healthcare anytime, anywhere, through mobile devices, the Internet, video and phone. The Business’s solution connects its Members, with its over 3,000 board certified physicians and behavioral health professionals treating a range of conditions and cases from acute diagnoses, such as upper respiratory infection, urinary tract infection and sinusitis to dermatological conditions, anxiety and smoking cessation. As of December 31, 2016, it served over 7,500 employers, health plans, health systems and other entities. As of December 31, 2016, these clients collectively purchased access to its solution for more than 17.5 million Members. As of December 31, 2016, it had over 30 health plans as Clients..