WELL Health Technologies (TSE:WELL) Shares Down 6.3% - What's Next?

WELL Health Technologies Corp. (TSE:WELL - Get Free Report) shares dropped 6.3% during trading on Tuesday . The company traded as low as C$3.68 and last traded at C$4.00. Approximately 2,240,632 shares traded hands during trading, an increase of 129% from the average daily volume of 976,394 shares. The stock had previously closed at C$4.27.

Analysts Set New Price Targets

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

WELL Health Technologies Price Performance

The company has a quick ratio of 1.02, a current ratio of 1.14 and a debt-to-equity ratio of 46.79. The company has a market capitalization of C$989.69 million, a P/E ratio of 13.42, a price-to-earnings-growth ratio of -1.93 and a beta of 1.20. The business's 50-day moving average is C$5.11 and its two-hundred day moving average is C$5.55.

WELL Health Technologies Company Profile

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.