WELL Health Technologies (TSE:WELL) Stock Price Down 6.6% – What’s Next?

WELL Health Technologies Corp. (TSE:WELL)’s stock price fell 6.6% on Tuesday . The company traded as low as C$3.68 and last traded at C$3.99. 1,391,486 shares traded hands during trading, an increase of 45% from the average session volume of 959,924 shares. The stock had previously closed at C$4.27.

Wall Street Analysts Forecast Growth

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

WELL Health Technologies Price Performance

The stock has a market capitalization of C$977.20 million, a PE ratio of 13.25, a price-to-earnings-growth ratio of -1.93 and a beta of 1.20. The business’s 50-day moving average price is C$5.15 and its 200 day moving average price is C$5.55. The company has a debt-to-equity ratio of 46.79, a quick ratio of 1.02 and a current ratio of 1.14.

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.