As a digital healthcare company, all care is delivered through an easy-to-use and fully encrypted web and mobile platform, consistent with HIPAA and other state regulatory requirements. Professional, licensed, and vetted therapists who you can trust. Found is a weight-care telemedicine company that offers holistic weight-health support. First, based on strong payer revenue in the third quarter and continued trends in October, we are raising the full year 2023. Talkspace's mental health tests will give you a better understanding of your symptoms, and cover a variety of different mental health conditions. In the table, you'll find all the components (individual stock symbols) found in that sector, ranking them by their Weighted Alpha (a rating. The platform works with insurance providers and EAP plans. Law360 (November 1, 2023, 7:22 PM EDT) -- A New York federal judge on Tuesday gave final approval to an $8. 00 expecting TALK to rise to within 12 months. Talkspace has raised $109M over 10 rounds. 39% of employees would recommend working at Talkspace to a friend and 36% have a positive outlook for the business. In the previous week, Talkspace had 2 more articles in the media than Aclarion. Talkspace promotes behavioral health as a lifestyle, not. Most Affordable: E-Therapy Cafe. Best app-based service: Talkspace. SourceForge ranks the best alternatives to Talkspace for Business in 2023. MarketBeat recorded 1 mentions for Talkspace and 0 mentions for Sharecare. Talkspace makes this high-quality mental health care affordable by partnering with insurance plans and employers. The most affordable Talkspace option is the messaging plan, which. Talkspace is the latest healthcare company to go public via a SPAC IPO, or a reverse merger with a blank-check holding company. 2. You can open up, express your honest feelings, and get back to. Most broken promises are not intentional, motivated by meanness, or routinely repeated. The company provides a digital platform for sleep, meditation, and relaxation, aimed at helping users manage stress, sleep better, and live healthier, happier lives. 10 BetterHelp Alternatives For You! 1. 2. Talkspace (NASDAQ:TALK – Get Free Report) is one of 31 publicly-traded companies in the “Health services” industry, but how does it compare to its competitors? We will compare Talkspace to related businesses based on the strength of its valuation, risk, dividends, analyst recommendations, earnings, profitability and institutional. 58%. The company last reported fiscal 2021 third quarter results that saw. Website. Specifically, in Q3 2023's revenue was $38. One 2017. NEW YORK, Aug. 54 billion-$99. Talkspace has 2 employees across 2 locations and $119. What Is Talkspace - Online Therapy?Therapy for the Way We Live Today. Even though their psychiatric care is more limited, the level of talk therapy is much higher, and Talkspace in particular is much more affordable. Lyra, Modern Health, and Ginger all provide fantastic benefits as B2B mental healthcare platforms. . Who are Talkspace’s Providers? Talkspace providers are licensed. (NASDAQ: TALK) common stock as of the record date for the special meeting. 8 out of 5, based on over 334 reviews left anonymously by employees. Website. Insider &. Roni and Oren Frank established Talkspace around a decade. Best for younger children: Amwell. Talkspace provides individuals and licensed therapists, psychologists and psychiatrists with an online platform for one-on-one therapy delivered via messaging, audio and video. If you want to cancel your Talkspace account, you can follow these steps which have been described below: Log into your Talkspace account and click on your username. However, the company's negative history fostered an excessively. Talkspace isn’t the only online therapy company in the business. Or you may receive it for free as a direct benefit from your employer. An online therapy. Like Talkspace, BetterHelp allows clients to communicate during live sessions and through text messaging. Talkspace is a leading virtual behavioral healthcare company enabled by a purpose-built technology platform. 8. 5, Positive Sentiment >= 0. com. 65. Talkspace accepts certain health insurance plans and works with select employers. It additionally allows the user more control and ownership of their mental health care by letting them choose the format or mode through which therapy is conducted. TalkSpace offers unlimited texting and 4 x 30-minute live sessions: Mobile and Desktop apps for hands-on therapy: TalkSpace clients can access therapy on a laptop or PC: Customers at BetterHelp can access over 6,000 licensed online counselors specialized in various type of therapies. com, or securely on Signal at (323)-639-0429. com, betterhelp. (1) Prior period results have been adjusted to reflect the exchange of Old Talkspace’s common stock for Talkspace’s common stock at an exchange ratio of approximately 1. BetterHelp is very similar to Talkspace, in the sense that both platforms match individuals with licensed, accredited therapists for counseling and therapy services. On average, in-network insured members pay a $20 copay or less. Online marriage counseling can help. Oren Frank, Co-founder and CEO of. Talkspace ( TALK) provides telehealth services for behavioral health, so its psychotherapists and psychiatrists can help patients who would otherwise be far beyond the geographical. And like our competitors, Talkspace is a pure-play mental health company. 8M $2. Insurance providers accepted: Aetna, UnitedHealthcare EmblemHealth, Medica, Beacon Health, EnhancedCareMD, among many others. Talkspace is a leading virtual behavioral healthcare company enabled by a purpose-built technology platform. You’ll pay between $59-$99 per hour, depending on what service is. Best for Substance Use – WorkIt Health. . Talkspace, Inc. Talkspace's latest funding round was a Reverse Merger for on June 23, 2021. Best Overall – Talkspace. We’re in-network with most major insurers and make it easy for out-of-network members to get reimbursed, making therapy more affordable than ever. The two are in a bit of a fierce competition. Find contact information for Talkspace. Learn more about insurance coverage for therapy. Itu2019s crucial to keep in. Talkspace versus Brightside Freezing and Cancellations. , which belongs to the Zacks Medical Info Systems industry, posted revenues of $30. Thesis offers personalized nootropic blends that improve cognition, mood, focus, and overall mental health. ;. 8. We tried it. Best for psychiatry: MDLive. A New York-based. The end of the pandemic in theory should allow some potential patients to return to face. If you have insurance, Talkspace may be a good option for you. 6M; in Q1 2023, it was $33. Talkspace's average media sentiment score of 1. Thousands of licensed therapists; Message your therapist 24/7; Insured members on average pay a $20 copay or less; A new report accuses the mobile therapy startup Talkspace of mining the data from clients' private therapy conversations. Reaffirm FY 2021 Net revenue guidance, expecting 64% year-over-year growth. The only service to. 0729 on January 1st, 2023. Alma 's alternatives and competitors. Explore the current job openings available at Talkspace. – Talkspace, Inc. One reason many people choose Talkspace over more traditional routes is because of its affordability. 00, suggesting a potential downside of 50. We will compare Talkspace to similar companies based on the strength of its profitability, dividends, risk, valuation, earnings, institutional ownership and analyst recommendations. “When I asked for a refund, after receiving not one therapy session, they actually charged me for the. Earnings. com includes unlimited text messaging audio text video text and written text messaging as well as. Yes, Talkspace accepts insurance for mental health care and therapy services. See insights on Talkspace including office locations, competitors, revenue, financials, executives, subsidiaries and more at Craft. *Copays represented are averages. 2578 Broadway #607 New York, NY 10025. With unlimited messaging therapy, users have access to a licensed, professional therapist with no appointment needed. (Talkspace accepts insurance as well, while BetterHelp does not. More expensive plans overall than competitors; Pricing is not straightforward; According to our January 2023 survey of 200 Talkspace users, 60 percent used health. Talkspace is an online and mobile therapy company based in New York City. Check Them Below:Yes, UMR insurance covers Talkspace therapy or psychiatry as an in-network service, but coverage details for your individual plan may vary. Through its platform, the Company provides psychotherapy and psychiatry services to individuals, enterprises and health plans through both business-to-business (B2B) and business-to. Competitors: Unknown. S. Talkspace is a reliable choice in my opinion because it provides clients with access to a wide variety of therapeutic approaches, as well as a longer history in the field of online counseling, than its competitors do. This platform empowers you to live a happier and healthier lifestyle by offering support for issues such as depression, stress, anxiety, sleep, relationships, and much more. For users without insurance, SonderMind aims to offer. Talkspace Competitors: $1. 36: Talkspace’s peers have higher revenue, but lower earnings than Talkspace. It is estimated that the two control about 90 percent of the online therapy market in the U. All financial results refer to 2022 first quarter and the prior-year period unless otherwise stated. Before we dive too deep into the details, you may be wondering. Copied! Print. Analyst Recommendations. 4 billion and provide $250 million in capital. Therapy on Talkspace starts at $276 – 436 monthly ($69 – $109 weekly), with online psychiatry costing $249 for an initial appointment and follow-ups costing $125. Talkspace is trading at a lower price-to-earnings ratio than. (Nasdaq: TALK), a leading virtual behavioral healthcare company, today reported 2022 third quarter and nine months results as summarized. EBITDA of. 5, and. BetterHelp Vs. 1 billion, and has brought on clients. You can book sessions directly with your psychiatrist. Therapist responds daily, five days a week. Net Revenue grew 23% year-over-year to approximately $26 million, driven by continued strong momentum in B2B. ADHD. Talkspace Competitors: $465. 2 million (54% margin) on revenue of $26. All told, our team has spent over 122 hours testing and researching their services and those of their chief competitors in order to provide an accurate, unbiased analysis of how they compare, free of marketing jargon and gimmicks. The main competitors of Talkspace include Sharecare (SHCR), DocGo (DCGO), InnovAge (INNV), Celcuity (CELC), Amarin (AMRN), Arbutus Biopharma. Also included is a comprehensive competitive analysis of the major competitors in the market, including their company profiles, critical insights about their product and business offerings, recent. , (d/b/a “Talkspace”) a Delaware corporation (“ Talkspace ”), pursuant to that. We also decided to compare TalkSpace salaries to those of their main competitor — BetterHelp. Best for Couples: ReGain. Talkspace's revenue is the ranked 8th among it's top 10 competitors. com, while also providing the exact search volume, cost-per-click, search intent, and competition level for each keyword. See full list on verywellmind. They have published over 16 efficacy studies in peer-reviewed journals and have partnered with 25+ research partners, including NYU and Columbia University experts, to validate. Competitor Name Revenue Number of Employees Employee Growth Total Funding Valuation #1. This is where these two competitors differ the most, and is also an area which obviously matters a lot. Talkspace. 01, suggesting that its share price is 1% more volatile than the S&P 500. com What is the difference between Talkspace and Betterhelp, and which online therapy platform is the best in terms of both cost and services? Talkspace's top competitors include Amwell, Teladoc Health and MDLIVE. 3M. Detailed comparison between 2 of the leading online therapy sites, Betterhelp and Talkspace. Competitors for Talkspace Inc (TALK): view how companies in the same sector perform against each other. Before we dive too deep into the details, you may be wondering. Since then, TALKW shares have increased by 39. 50, suggesting that. Here are seven types that might be doing more harm than good: 1. The analyst firm set a price target for 5. Tap into the world's largest network of licensed, accredited, and experienced therapists who can help you with a range of issues including depression, anxiety, relationships, trauma, grief, and more. This includes text, video, and audio messaging throughout the week. Speak to your boss about reducing tasks when necessary. MarketBeat recorded 1 mentions for Talkspace and 0 mentions for Sharecare. – Talkspace therapist Dr. Talkspace Services + Pricing. Talkspace currently has a consensus price target of $1. 0% and is now trading at $0. A new HBO documentary, The Weight of Gold produced by Talkspace partner Michael Phelps, seeks to highlight the mental health challenges faced by athletes during, and especially after, their careers. It cost me 272 dollars and that was with the monetary help um and the the one thing that i actually really taken pleasure in about um better help was the reality that i might talk to my therapist at any point and so that’s what i began doing i was i was talking to my therapist non-stop through text message so we were texting back and forth talking to her non-stop. Prioritize tasks in order of importance. Talkspace is in-network with many major insurance plans, and most covered members pay only a copay of $30 or less. Talkspace (OTCMKTS:TALK – Get Rating) is one of 33 publicly-traded companies in the “Health services” industry, but how does it compare to its peers? We will compare Talkspace to related businesses based on the strength of its dividends, risk, valuation, analyst recommendations, earnings, profitability and institutional ownership. Jon Cohen. The decrease was primarily driven by $2. 2M: 885: 26%: $90. 77 beat Talkspace's score of 0. Promo expires 11/30/2023. S. The most underutilized channel is Display. Talkspace provides individuals and licensed therapists, psychologists and psychiatrists with an online platform for one-on-one therapy delivered via messaging, audio and video. 4 billion deal, and teletherapy provider Cerebral recently joined the unicorn club with a $1. In the ever-evolving landscape of mental health support, two pioneering platforms, BetterHelp and Talkspace, have become beacons of expect people looking for individualized and accessible treatment. (Nasdaq: TALK), a leading virtual behavioral healthcare company, today reported 2022 first quarter results as summarized below. Best for Medication. We offer the full spectrum of mental health services, self-guided texting, voice, live video, multiple subspecialties and. New York City-based Talkspace is an online and mobile therapy company that provides its users access to licensed therapists. The filing charges that Talkspace even cited in a presentation to investors the 30 percent increase in the nationwide suicide rate as “evidence of a massive untapped market. It provides integrated healthcare services such as non-urgent physical care, mental. Talkspace ranks 1st in Overall Culture Score on Comparably vs its competitors. com 2nd most similar site is betterhelp. 00 indicating that Talkspace is being referred to more favorably in the news media. For example, a telehealth service such as BetterHelp charges $60 to $90. 24/7 in-the-moment care from an EAP specialist. If your therapist isn’t a good fit, ReGain can offer you a new match. While both platforms provide exceptional live therapy sessions, BetterHelp focuses more on a talk-therapy approach to resolving mental illness challenges, while TalkSpace goes a step further. 4K employees. Founders of both online therapy sites sought to make counseling cheaper, easier to access, and more private by offering it online. Talkspace competitor BetterHelp claims to have 1,000,000 sign-ups in total. [3] [4] Talkspace has been criticized for making questionable claims about its. Gather ideas and inspiration. (1) Q4 2022 run-rate operating expenses exclude a non-recurring goodwill impairment charge and other non-recurring litigation expenses, partially offset by one-time savings related to marketing. Both provide live video, audio, and text. You can pause for seven days on Talkspace (which automatically pushes your billing date back a week). Given DocGo’s higher probable upside, equities analysts plainly believe DocGo is more favorable than. BetterHelp is less expensive than Talkspace, but only by a small amount. 6 million in the third quarter, driven by a 79% year-over-year increase in the B2B revenue categories. ST. 90. TRY AMWELL. talkspace. 00, suggesting a potential downside of 50. 17 million adults in the United States have had at least one major depressive episode in the past year. Offers individual and couples care options for relationship obstacles. talkspace. Copy link. Other than BetterHelp, the next platform people preferred was (and is). Video Plus Messaging Therapy $396 per month. Rape trauma syndrome (RTS) is a condition that may occur after a. ) Earnings estimates and surprises for. Dr Neil Leibowitz Betterhelp…who speak 40 languages and the pricing of betterhelp. Talkspace Black Friday Deals. Plans & Prices. HEIC has scheduled a special meeting of stockholders (the "Special Meeting") for June 17, 2021 at 8:30 a. 339. 0001 per share (“Talkspace, Inc. Company Profile | New York, NY | Competitors, Financials & Contacts - Dun & Bradstreet Find company research, competitor information, contact details & financial data for !company_name! of !company_city_state!. Quarter Ended March 31, Period-Over-Period 2021 2020 Growth: Number of B2B eligible lives at period end 41,821 9,569 337. , LCSW. 1. Collaborate from anywhere! Easy video meetings with no login. Wave Life's top competitors include Talkspace, Quartet and Lyra Health. Talkspace (NASDAQ:TALK – Get Free Report) is one of 32 public companies in the “Health services” industry, but how does it contrast to its rivals? We will compare Talkspace to similar companies based on the strength of its earnings, institutional ownership, dividends, profitability, valuation, analyst recommendations and risk. Yes, UMR insurance covers Talkspace therapy or psychiatry as an in-network service, but coverage details for your individual plan may vary. [2] Talkspace users have access to licensed therapists through the website or mobile app on iOS and Android. Another famous one is BetterHelp. Save BIG w/ (34) Talkspace verified discount codes & storewide coupon codes. Unlock 7 more competitors → Select to follow all companies RANK COMPANY CEO CEO RATING. It’s also possible to receive expert advice on niche issues such as pregnancy or menopause. The monthly meetings are free and open to the public with a suggested donation. 00, suggesting a potential downside of 47. Talkspace revenue increased 32% year over year to $38. Talkspace vs. When COVID hit, online therapy saw a rise in numbers. (Nasdaq: TALK), a leading virtual behavioral healthcare company, today reported 2022 third quarter and nine months results as summarized. Talkspace’s competitors have higher revenue, but lower earnings than Talkspace. See how Alma compares to similar products. I think the food cost all of $11. Many users also described their experience at Talkspace as user-friendly, with 88% of people reporting that the platform was helpful in connecting them to a therapist and 56% of users saying that Talkspace’s app was easy to use in. 85% of desktop visits last month, and Organic Search is the 2nd with 42. 26: Talkspace’s rivals have higher revenue, but lower earnings than Talkspace. Talkspace and HEIC announced their proposed business combination on January 13, 2021. Shoppers saved an average of $38. S. They even accept insurance, further distinguishing Talkspace's approach. The most heavily invested institutionals were Harbor Spring Capital LLC ($13. Talkspace is a leading virtual behavioral healthcare company enabled by a purpose-built technology platform. Best for teens: TeenCounseling. Ease Of Use: Online. (3) The number of shares of common stock, par value $0. 60 minute session: $67. (d/b/a “Talkspace”), a Delaware corporation. Directories offer an easy way for people to find mental health help. The Company offers access to a fully credentialed network of providers. Best for Anxiety & Depression Treatment – Brightside Mental Health. What Are Competitors And Alternatives To Talkspace vs Brightside Talkspace Inc is a behavioral healthcare company enabled by a purpose-built technology platform. As part of the promotion, Talkspace offers a discount of $100 on the first month of Talkspace services to Oura. EBITDA of. NEW YORK, May 03, 2022 (GLOBE NEWSWIRE) -- Talkspace, Inc. Talkspace is an online therapy platform that is expanding access to mental healthcare by enabling licensed therapists to expand their reach with a HIPAA-compliant and easy-to. Compare Talkspace for Business alternatives for your business or organization using the curated list below. Created by an experienced healthcare IT consultant and clinical psychologist husband-wife team, this is one of the best apps for therapists because it was created to fill a critical void and need in the market for electronic storage of therapy notes that are easily accessible, secure, and organized. 2. 's alternatives and competitors. 5, Neutral Sentiment > -0. Volatility. While the price may sound good to some, Talkspace. Our bonuses range from $100 to $4,000 per month depending on clinical hours worked. Talkspace currently has a consensus target price of $1. Talkspace Inc (TALK) estimates and forecasts. Talkspace vs. This is a breakdown of current ratings and target prices for DocGo and Talkspace, as provided by MarketBeat. The online mental health services that Talkspace provides include individual therapy, couples therapy, therapy for teens, and psychiatric services with medication management. Study Counselling Online Australia… sometimes she was you understand react to what i said or like i do not understand it simply didn’t look like she was extremely present um so i got a new therapist through the better health platform therefore when you are signing up for a therapist you have to submit like this survey and they designate you. Talkspace is partnered with some health plans, as well as with some companies' employee assistance plans (EAP),. One of the most effective marketing strategies for therapists is listing your practice in reputable online therapist directories. Talkspace has 331 active competitors and it ranks 10th among them. Talkspace - Online Therapy Competitors & AlternativesAdd Company. See how Spring Health compares to similar products. 52%. They. Best for Medication. S. The founders of $1. Competitor Name Revenue Number of Employees Employee Growth Total Funding Valuation #1. Alma 's top competitors include Headway, Equip Health, and Talkiatry. 90%. 75 w/ Talkspace discount codes, 25% off vouchers, free shipping deals. It identified a set of direct competitors that provide mental. See the full list of Wave Life alternatives and competitive updates on Owler, the world’s largest community-based business insights platform. On June 17th, 2021, Hudson Executive Investment Corp. Here are our rates for live sessions: 30 minute session: $34. com’s top competitor in July 2023 is psychcentral. After registration on the platform, a user visits a private chat room to consult with a mental health professional who asks questions about the patient's expectations from the therapy. common stock to be issued in exchange for outstanding shares of capital stock of Groop Internet Platform, Inc. There are four subscription plans and an add-on psychiatry service: Messaging only: $69 per week; includes unlimited messaging with your therapist during the workweek; Therapy only: $99 per week; includes four live sessions. Anxiety. 1B between their estimated 4. Best for On a Budget – LiveHealth. We have an extensive, nationwide network of licensed providers, credentialed in acc. NEW YORK, Aug. Talkspace Review + $80 off your first month Whether you're going through an acute crisis or working to manage your mental health in a long term way, therapy is a great tool. The model minority myth has been used to argue against racial equity movements. W. 10,637 Total users surveyed 350 Data points analyzed We surveyed 105 users from 55 online therapy companies and 180 users from 25 therapist directories and. Competitors range from fellow startups like Ginger. However, Talkspace takes things a step further than many of its competitors, by providing psychiatry and couple’s therapy, too. They make accessing mental healthcare convenient and earned an overall rating of 4 out of 5 stars in our independent review. Healthcare Software · New York, United States · 339 Employees. 89M), NVP Associates LLC ($8. Talkspace offers comprehensive telehealth treatment options, including therapeutic services and psychiatric care to m. 1. As a digital healthcare company, all care is delivered through an easy-to-use and fully. Founded in 2012, Talkspace pioneered message-based therapy, fulfilling an unmet desire of many people to text with. Talkspace's stock was trading at $0. Betterhelp vs Regain vs Talkspace. 5B 3 About Talkspace Stock (NASDAQ:TALK) Talkspace, Inc. 134140 in June 2021 as. BetterHelp, Talkspace, and its competitors are using the same playbook to break down the current mental health system. Sessions can cost significantly less than traditional talk. 45 minute session: $50. What Are Competitors And Alternatives To Talkspace vs BrightsideTalkspace Inc is a behavioral healthcare company enabled by a purpose-built technology platform. Other than BetterHelp, the next platform people preferred was (and is) Talkspace. 24 million for the quarter ended December 2022, surpassing the Zacks Consensus Estimate by 4. Talkspace. While the games this year may be postponed, the first time such a delay has occurred, the lack of competition and disappointment of the. Headway's revenue is the ranked 5th among it's top 10 competitors. This letter agreement (this “Agreement”), including the exhibits attached. Compare features, ratings, user reviews, pricing, and more from Talkspace for Business competitors and alternatives in order to make an informed decision for your. Inside Talkspace, Inc. Talkspace promotes behavioral health as a lifestyle, not. Get the latest business insights from Dun & Bradstreet. ) Master’s degree in social work, counseling, or other behavioral science. , where 75% of mental health providers are cash-only businesses that don’t accept insurance,. SonderMind accepts health insurance plans from most major providers, and unlike other online therapy platforms, there’s no subscription fee. You cannot pause your Brightside subscription. For the last decade, Talkspace has led the telebehavioral health care field, supporting the mental health journey of millions through therapist-led solutions, including therapy, psychiatry, coaching and self-help exercises. A. 5, and. a. Talkspace, Inc. At its core, the app provides talk therapy services. Access high quality online ADHD treatment covering diagnosis, medication, therapy and success coaching. Spring Health 's top competitors include Dialogue, Therify, and Headspace. betterhelp has subscribers in 160 different countries around the world and they have counselors. Platforms for online treatment have become quite popular owing to their accessibility and simplicity. At its core, the app provides talk therapy services. Best for Kids & Teens – Brightline Health. Other. (the “ Company ” or “ HEC ” ) held a special meeting of stockholders (the “ Special Meeting ”) in connection with its previously announced business combination with Groop Internet Platform, Inc. m. Found is a weight-care telemedicine company that offers holistic weight-health support. Talkspace is one of the few. Talkspace, (iv) the outcome of any legal proceedings that may be instituted against Talkspace related to the merger agreement or the completed. Talkspace solves this problem with a scalable, accessible and affordable model. Instead of working together to achieve shared goals, members of these Asian American subgroups may see others as competitors. Generally, the majority of TalkSpace therapists earn from $14 to $20 per hour. 6 million in the third quarter, driven by a 79% year-over-year increase in the B2B revenue categories. The top 10 competitors average 529. . Talkspace offers only text-message therapy through the app on their cheapest online counseling package. You can pause for seven days on Talkspace (which automatically pushes your billing date back a week). Competitors: AbleTo Inc. 292. [3] [4] Talkspace has been criticized for making questionable claims about its. Talkspace Inc Competitors - Telecommunications Equipment. Talkspace. It is estimated that the two control about 90 percent of the online therapy market in the U. (NASDAQ: TALK), today reported fourth quarter and 2022 full year financial results. Inside Talkspace, Inc. 50 per week) for therapy) Insurance accepted: no. 1M visits in July 2023, and closing off the top 3 is verywellmind. Fresenius Medical Care AG & Co. operates as a virtual behavioral healthcare company. 00, suggesting a potential downside of 47.