Talkspace - The Future Of Medical Services

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This comes from our MicroMarvel series of articles highlighting undercovered stocks with less than a billion dollars in Market Capitalization. These articles are not intended to be buy recommendations. They highlight stocks that may have limited trading volume and may be highly volatile, so if you do decide to add them to your portfolio I highly recommend you use stop losses and limit orders.

  • 100% technical buy signals
  • 14 new highs and up 28.60% in the last month
  • 189.10+ Weighted Alpha

Today's MicroMarvel is the virtual medical services company Talkspace (TALK). I found the stock by using Barchart's screening functions to find stocks with the highest technical buy signals, highest Weighted Alpha, superior current momentum, and having a Trend Seeker buy signal, then used the Flipchart feature to review the charts for consistent price appreciation. Since the Trend Seeker signaled a buy on 2/23 the stock gained 3.08%.

TALK

TALK Price vs Daily Moving Averages (Barchart)


Talkspace, Inc. operates as a virtual behavioral healthcare company. The company offers psychotherapy and psychiatry services through its platform to individuals, enterprises, and health plans through both business-to-business and business-to-consumer channels. It provides text, audio, and video-based psychotherapy from licensed therapists. The company offers Talkspace for Business for employees to access its platform services on a benefit plan paid by the employer; and Talkspace Employee Assistance Program (EAP) and Talkspace Behavioral Health plan, which provides online therapy to employees through EAP and behavioral health benefits. Talkspace, Inc. was founded in 2012 and is based in New York, New York. 


Barchart Technical Indicators:

  • 100% technical buy signals
  • 189.10+ Weighted Alpha
  • 213.74% gain in the last year
  • Trend Seeker buy signal
  • Above its 20, 50, and 100-day moving averages
  • 14 new highs and up 28.60% in the last month
  • Relative Strength Index 67.21%
  • Technical support level at $2.81
  • Recently traded at $2.86 with a 50-day moving average of $2.45

Fundamental Factors:

  • Market Cap $481 million
  • Wall Street projected Revenue will grow 27.70% this year and grow again by 213.74% next year
  • Earnings are estimated to increase 108.30% this year then increase an additional 400.00% next year

Analysts and Investor Sentiment -- I don't buy stocks just because everyone else is buying, but I do realize that if major firms and investors are dumping a stock it's hard to make money swimming against the tide:

  • Wall Street issued 1 strong buy, 1 buy and 1 hold recommendation on the stock
  • Their price targets are between $3 and $5 with a consensus of $4 for a gain of 39%
  • CFRAs Market Scope rates the stock a hold
  • 2,340 investors monitor the stock on Seeking Alpha

 

Analyst's Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours.


More By This Author:

Chart Of The Day: Stantec - Consulting Is Profitable
Chart Of The Day: Amphenol - Steady Revenue And Earnings Growth
ADC Therapeutics - Time For A Turn-Around?

Disclosure: Micro Marvels highlights stocks that are experiencing exceptional current price appreciation. They are not intended to be buy recommendations as these stocks are extremely volatile ...

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