Is Teladoc Health Headed for a Big Move? By StockNews
Teladoc Health, Inc. (NYSE) chart shows a level of support. Furthermore, the stock fell against a declining trending resistance line. It has formed a triangle. It is likely to surpass either of these levels. Learn more about this trading opportunity. Remote patient monitoring is also offered for chronic care management. The platform allows members to connect with other physicians and professionals in behavioral health.
Demand for TDOC’s offerings have been decreasing this year after a surge in demand last year. Even as the Delta variant soared across the country, doctor’s started seeing patients in the office again. The company’s 2021 guidance for membership and visit growth is now lower than last year’s.
The company’s cash balance was $786 million at the end of the last quarter, which is a significant improvement over no short-term debt. In terms of growth, TDOC’s earnings are expected to fall 48.8% year over year in the current quarter.
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