WELL Health Technologies (TSE:WELL) Stock Price Down 13.2% – Time to Sell?

Shares of WELL Health Technologies Corp. (TSE:WELL) traded down 13.2% during mid-day trading on Tuesday. The company traded as low as C$3.68 and last traded at C$3.69. Approximately 5,287,784 shares were traded during trading, an increase of 297% from the average daily volume of 1,332,669 shares. The stock had previously closed at C$4.25.

Wall Street Analyst Weigh In

Separately, TD set a C$8.50 price target on WELL Health Technologies and gave the stock a “buy” rating in a report on Monday, October 5th. Five equities research analysts have rated the stock with a Buy rating. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of C$7.40.

WELL Health Technologies Trading Down 12.5%

The company has a quick ratio of 1.02, a current ratio of 0.80 and a debt-to-equity ratio of 100.05. The firm has a 50 day moving average of C$4.24 and a 200 day moving average of C$4.19. The firm has a market cap of C$952.12 million, a PE ratio of 186.00, a P/E/G ratio of -1.93 and a beta of 0.51.

WELL Health Technologies (TSE:WELL) last released its quarterly earnings data on Monday, November 9th. The company reported C$0.11 EPS for the quarter. WELL Health Technologies had a net margin of 0.25% and a return on equity of 0.44%. The company had revenue of C$407.40 million during the quarter. Equities analysts anticipate that WELL Health Technologies Corp. will post 0.30 earnings per share for the current year.

About WELL Health Technologies

WELL Health Technologies Corp. (TSX: WELL) is Canada’s largest outpatient healthcare company and a leading provider of technology-enabled healthcare solutions. WELL is building the infrastructure for a healthier Canada, where every patient gets better care, every provider is empowered by AI, and every piece of health data is protected. WELL owns and operates more than 250 clinics in Canada, supporting more than 5 million annual patient visits. Through its subsidiary WELLSTAR, WELL provides electronic medical records, AI-powered clinical tools, patient engagement platforms and IT management services.