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WELL Health Technologies Corp ( (TSE:WELL) ) just unveiled an update.
WELL Health Technologies Corp reported significant growth in its Canadian Patient Services business, achieving over $110 million in quarterly revenue, a 41% increase year-over-year. The company has made substantial progress in digitizing its clinics, reaching 92% digitization for primary care clinics in its network for over nine months. Additionally, WELL has successfully opened 25,000 new primary care patient slots out of the 45,000 planned, with expectations to fill the remainder by the end of Q1. These advancements underscore WELL’s commitment to enhancing operational efficiency and expanding healthcare access through technology.
The most recent analyst rating on (TSE:WELL) stock is a Buy with a C$9.00 price target. To see the full list of analyst forecasts on WELL Health Technologies Corp stock, see the TSE:WELL Stock Forecast page.
Spark’s Take on TSE:WELL Stock
According to Spark, TipRanks’ AI Analyst, TSE:WELL is a Neutral.
The overall stock score for WELL Health Technologies Corp is primarily influenced by strong revenue growth and positive earnings call sentiment. However, significant challenges in profitability, cash flow management, and technical indicators contribute to a lower score. The negative P/E ratio and lack of dividend yield further impact the valuation negatively.
To see Spark’s full report on TSE:WELL stock, click here.
More about WELL Health Technologies Corp
WELL Health Technologies Corp is a digital healthcare company that focuses on improving health outcomes by leveraging technology to empower healthcare practitioners and patients globally. The company is involved in the Canadian Patient Services business, emphasizing clinic digitization and expanding access to primary care.
Average Trading Volume: 1,380,495
Technical Sentiment Signal: Sell
Current Market Cap: C$992.7M
Learn more about WELL stock on TipRanks’ Stock Analysis page.