WELL Health Technologies (TSE:WELL) Stock Price Down 5.4% – What’s Next?

WELL Health Technologies Corp. (TSE:WELL)’s share price traded down 5.4% during mid-day trading on Tuesday . The company traded as low as C$3.68 and last traded at C$4.04. 1,813,477 shares were traded during trading, an increase of 87% from the average session volume of 971,328 shares. The stock had previously closed at C$4.27.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on WELL shares. Stifel Nicolaus cut their price objective on WELL Health Technologies from C$10.00 to C$9.00 and set a “buy” rating for the company in a report on Wednesday. Royal Bank of Canada cut their price target on shares of WELL Health Technologies from C$8.50 to C$7.50 and set an “outperform” rating for the company in a research note on Monday, March 31st. CIBC lowered their price objective on shares of WELL Health Technologies from C$7.00 to C$5.00 and set a “neutral” rating on the stock in a research note on Wednesday. TD Securities cut their target price on shares of WELL Health Technologies from C$8.50 to C$7.50 and set a “buy” rating for the company in a research note on Wednesday. Finally, Ventum Financial lowered their price target on WELL Health Technologies from C$8.00 to C$7.60 and set a “buy” rating on the stock in a research report on Wednesday. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of C$8.08.

WELL Health Technologies Stock Up 1.5 %

The company has a market cap of C$992.19 million, a price-to-earnings ratio of 13.45, a P/E/G ratio of -1.93 and a beta of 1.20. The company has a debt-to-equity ratio of 46.79, a current ratio of 1.14 and a quick ratio of 1.02. The firm has a 50-day moving average price of C$5.15 and a 200 day moving average price of C$5.55.

About WELL Health Technologies

WELL Health Technologies Corp. operates as a practitioner-focused digital healthcare company in Canada, the United States, and internationally. It provides omni-channel patient services and solutions to specific markets, such as provider staffing, anesthesia, gastrointestinal health, women's health, primary care, and mental healthcare.