However, WELL Health stock plunged, because the growth numbers were just short of analyst expectations. Analysts were expecting earnings to be just 3% higher than what was reported. This is probably why the stock has lost 8% of its value today.
Full Answer
Why is well health stock down 8% today?
In short, the company is firing on all cylinders and seems to be growing rapidly. However, WELL Health stock plunged, because the growth numbers were just short of analyst expectations. Analysts were expecting earnings to be just 3% higher than what was reported. This is probably why the stock has lost 8% of its value today.
Is well health technologies the best healthcare stock to buy?
WELL Health Technologies (TSX:WELL) remains one of the top performers of the last few years. The virtual healthcare stock has seen an intense growth in share price, as patients and healthcare practitioners moved online.
What is the upside for well Health Technologies'stock?
Their forecasts range from C$8.00 to C$13.00. On average, they expect WELL Health Technologies' stock price to reach C$10.92 in the next twelve months. This suggests a possible upside of 147.5% from the stock's current price. View analysts' price targets for WELL Health Technologies or view top-rated stocks among Wall Street analysts.
What do analysts see for well Health Technologies'stock price?
5 Wall Street analysts have issued 1-year price objectives for WELL Health Technologies' shares. Their forecasts range from C$8.00 to C$13.00. On average, they expect WELL Health Technologies' stock price to reach C$10.92 in the next twelve months.
Is WELL Health stock a good investment?
Shares of WELL Health have plunged 27% in 2022 as of close on May 12. The stock has declined 44% in the year-over-year period. Back in October 2021, I'd recommended this Canadian healthcare stock as an undervalued play before the New Year. Investors should be excited about the future of digital health.
Is WELL Health Technology a good buy?
WELL Health Technologies Corp's analyst rating consensus is a 'Strong Buy.
What Does Well Health technologies do?
WELL Health Technologies is a multichannel digital health technology company and Canada's largest owner and operator of outpatient health clinics. The company owns and operates primary healthcare facilities in Canada and The United States and also provides (SaaS) EMR services to clinics and doctors across Canada.
Is WELL Health stock undervalued?
Shares of WELL Health have plunged 27% in 2022 as of close on May 12. The stock has declined 44% in the year-over-year period. Back in October 2021, I'd recommended this Canadian healthcare stock as an undervalued play before the New Year. Investors should be excited about the future of digital health.
Should I sell my well stock?
WELL Health Technologies(WELL-T) Rating A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.
Does Well Health pay dividends?
Does WELL pay dividends? WELL does not pay dividends at this time.
How many clinics does well health own?
WELL Health Medical Clinics. The WELL Health Medical Clinic Network currently comprises of 20 clinics in British Columbia, 5 clinics in Quebec and 2 clinics in the United States. This makes us the largest single chain of primary healthcare clinics in British Columbia and one of the largest in Canada.
What company is WELL?
Well is a health technology and services company with a mission to be the world's most effective partner in the advancement of individualized health.
Should I buy or sell WELL Health Technologies stock right now?
7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for WELL Health Technologies in the last year. There are currently 1 hold rati...
What is WELL Health Technologies' stock price forecast for 2022?
7 Wall Street research analysts have issued 1 year price targets for WELL Health Technologies' stock. Their forecasts range from C$6.00 to C$13.00....
How has WELL Health Technologies' stock price performed in 2022?
WELL Health Technologies' stock was trading at C$4.91 at the start of the year. Since then, WELL stock has decreased by 26.5% and is now trading at...
When is WELL Health Technologies' next earnings date?
WELL Health Technologies is scheduled to release its next quarterly earnings announcement on Wednesday, August 10th 2022. View our earnings foreca...
Who are WELL Health Technologies' key executives?
WELL Health Technologies' management team includes the following people: Mr. Hamed Shahbazi BSc , Founder, Chairman & CEO (Age 47) Ms. Eva Fong...
Who are some of WELL Health Technologies' key competitors?
Some companies that are related to WELL Health Technologies include CompuGroup Medical SE & Co. KGaA (COP) , Craneware (CRW) , kneat.com (KSI) ,...
What is WELL Health Technologies' stock symbol?
WELL Health Technologies trades on the Toronto Stock Exchange (TSX) under the ticker symbol "WELL."
How do I buy shares of WELL Health Technologies?
Shares of WELL and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadia...
What is WELL Health Technologies' stock price today?
One share of WELL stock can currently be purchased for approximately C$3.61.
What is WELL Health Technologies stock symbol?
WELL Health Technologies is a Canadian stock, trading under the symbol WELL-T on the Toronto Stock Exchange (undefined). It is usually referred to...
Is WELL Health Technologies a buy or a sell?
In the last year, 8 stock analysts published opinions about WELL-T. 3 analysts recommended to BUY the stock. 2 analysts recommended to SELL the sto...
Is WELL Health Technologies a good investment or a top pick?
WELL Health Technologies was never recommended as a Top Pick on Stockchase. Read the latest stock expertsratings for WELL Health Technologies.
Why is WELL Health Technologies stock dropping?
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should b...
Is WELL Health Technologies worth watching?
8 stock analysts on Stockchase covered WELL Health Technologies In the last year. It is a trending stock that is worth watching.
What is WELL Health Technologies stock price?
On 2022-06-10, WELL Health Technologies (WELL-T) stock closed at a price of $3.61.
What is WELL Health Technologies stock symbol?
WELL Health Technologies is a Canadian stock, trading under the symbol WELL-T on the Toronto Stock Exchange (WELL-CT). It is usually referred to as TSX:WELL or WELL-T
Is WELL Health Technologies a buy or a sell?
In the last year, 12 stock analysts published opinions about WELL-T. 5 analysts recommended to BUY the stock. 3 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for WELL Health Technologies.
Is WELL Health Technologies a good investment or a top pick?
WELL Health Technologies was never recommended as a Top Pick on Stockchase. Read the latest stock experts ratings for WELL Health Technologies.
Why is WELL Health Technologies stock dropping?
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
Is WELL Health Technologies worth watching?
12 stock analysts on Stockchase covered WELL Health Technologies In the last year. It is a trending stock that is worth watching.
Not just a trend
WELL Health stock may provide the best deal on the TSX today. The company expanded rapidly during the beginning of the pandemic, offering virtual health care at a rapid pace. And it was sorely needed. Patients could now see their doctors for anything from mental health issues to prescription renewals. All from the comfort of their home.
A deal is a deal
WELL Health stock continues to make deals both on this side of and south of the border. After becoming the largest outpatient clinic in Canada, it’s now expanded into the U.S. In 2021, it acquired U.S.-based CRH Medical, ExecHealth, and Intrahealth Systems. Some sources now claim the company will soon acquire Canadian MyHeath Centres.
Buy now for big gains
So now that leaves WELL Health stock up 9% on January 31, as of writing, but still a great deal. While it remains in neutral territory, its expansion through acquisition leaves room for incredible growth in earnings and revenue. Especially for the patient investor.
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Second-quarter update
The company reported $10.5 million in revenue and $4.2 million in gross profit over the second quarter. Those figures represent 43% and 88% year-on-year growth, respectively.
Exciting new developments
Instead of focusing on analyst expectations and quarterly numbers, I prefer to focus on the bigger picture over the long term. From this perspective, the company seems to have made some critical and exciting strides over the past few months.
WELL Health stock valuation
These exciting developments and impressive growth numbers should help investors estimate the fair value for WELL Health stock. At the moment, the stock trades at a price-to-sales ratio of 15.7. That’s reasonable for a company that could double sales by next year and become profitable in just a few more quarters.
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What are the factors that might impact the stock market in the near term?
There are several factors that might impact the stock markets in the near term that include a sluggish macro-economy as well as rising COVID-19 cases in several parts of the world.
Who is the CEO of Well Health?
In February, WELL Health raised over $300 million via an equity offering led by noted Hong Kong billionaire Mr. Li Ka-shing, WELL’s CEO, board, and senior management team in order to fund the acquisition of CRH Medical.
The problem?
While there’s still growth ahead for WELL Health stock, there is an issue. The future share price is likely to slow for this company as revenue flattens out. The virtual healthcare industry is growing, true, but there will eventually be a peak.
Why LifeSpeak?
LifeSpeak is a $398 million company that is also involved with virtual healthcare. However, rather than enter multiple areas of health and wellness, the company focuses on mental health and wellbeing. It’s this narrow moat that allows Motley Fool investors to likely see this company grow at a faster rate than even WELL Health stock.
Foolish takeaway
There are few opportunities in the health and wellness sector that also connect to the growth seen by tech companies. One of those companies of the last few years has been WELL Health stock.
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Returns since inception, October 2013. Current as of February 14, 2022.
What It Means for Investors
Concerns over regulation were renewed following the House Democrats’ presentation of the details of a Medicare for All bill. Outlined in February, the bill aims to create a new federally financed health-care system. Investors worry about how the bill could affect drug pricing and health insurance premiums.
Looking Ahead
As concerned as investors may be about the regulatory issues, health care stocks have traditionally offered investors growth opportunities and acted as safe havens in troubled times.
What happened
The overall stock market was rather flat on Tuesday, but Wells Fargo ( WFC -0.93% ) was a big underperformer. As of 3:30 p.m. EDT, Wells Fargo's stock had fallen by more than 6%, while most other big banks were either flat or marginally higher on the day.
So what
The short explanation is that Wells Fargo's scandals can't seem to stop following it.
NYSE: WFC
This is a big deal for a few reasons. First and foremost, Wells Fargo is still subject to the Federal Reserve penalty that stemmed from its scandals and essentially prevents the bank from growing. If regulators are unhappy with the bank's progress, this penalty could remain in place longer than investors expect.
Now what
To be clear, this is just one report, and we have no concrete evidence that any regulatory action is imminent. And it's also worth noting that even after today's decline, the bank stock is still up by 84% over the past year. So while this is certainly worth keeping an eye on, it isn't exactly a reason for investors to panic.
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