Shares of virtual healthcare operator Teladoc Health (NYSE:) have plummeted due to the company’s underwhelming third-quarter earnings and are currently trading at less than $100. Although the company’s personalized virtual care solutions should benefit the stock, its high valuation and expanding losses in the face of rising competition could be concerning. So, is it worth adding the stock to one’s portfolio now? Learn more. Teladoc Health, Inc., Dallas, Texas, offers virtual healthcare services to businesses in the United States, and around the world. KLAS 2020 Virtual Care Platforms ranked #1 and J.D. Top 100 direct-to-consumer Telehealth Providers ranked #1 in both categories. The company has more than 10 years of experience to help consumers and professionals grow their virtual care requirements.

However, the stock has declined 52.8% year-to-date and 13.5% over the past month, closing yesterday’s trading session at $94.38.

TDOC’s “myStrength Complete” personalized mental health service and strategic agreement with NLA to offer its suite of chronic care solutions may strengthen its position in the telehealth industry. However, the company’s bleak growth prospects and slim profit margins may continue to worry investors. In a highly competitive marketplace, it may also be difficult for the stock to maintain its high valuation.

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