Stock Groups

Is Teladoc Health Headed for a Big Move? By StockNews

[ad_1]

© Reuters. Teladoc Health is preparing for a big move

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.

Continue reading on StockNews

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. CFDs are stocks, indexes or futures. The prices of Forex and CFDs are not supplied by exchanges. Instead, they are determined by marketmakers. As such, the prices might not reflect market conditions and could be incorrect. Fusion Media is not responsible for trading losses that may be incurred as a consequence of the use of this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. You should be aware of all the potential risks and expenses associated with trading in the financial market. It is among the most dangerous investment types.



[ad_2]