Why is Teladoc stock dropping?
Shares of Teladoc Health (TDOC -6.04%) went down in flames on Thursday, plunging as much as 47.8%. At 10:28 a.m. ET, the stock was down 46.3%. The catalyst that sent the digital healthcare company plummeting was first-quarter financial results that were far worse than investors had anticipated.
Is TDOC a strong buy?
Out of 27 analysts, 7 (25.93%) are recommending TDOC as a Strong Buy, 5 (18.52%) are recommending TDOC as a Buy, 15 (55.56%) are recommending TDOC as a Hold, 0 (0%) are recommending TDOC as a Sell, and 0 (0%) are recommending TDOC as a Strong Sell.
Who invested in Teladoc?
ARK Invest is Teladoc’s largest shareholder, with 19.5 million shares worth about $1.1 billion. The holding is also ARK Innovation ETF’s (ARKK.P) third biggest after Tesla Inc (TSLA.O) and Zoom Video Communications Inc (ZM.O), with a weightage of 6.8%.
Who is teladoc CEO?
Jason Gorevic (2009–)Teladoc Health / CEO
Who is teladoc founder?
Byron Brooks Michael Gorton
Teladoc Health
| Formerly | Teladoc Medical Services Teladoc, Inc. |
|---|---|
| Founders | Byron Brooks Michael Gorton |
| Headquarters | Purchase, New York, U.S. |
| Areas served | 130+ countries |
| Key people | Jason Gorevic (CEO) Mala Murthy (CFO) David Sides (COO) |
Is teladoc the future?
Profitability is likely still a few years out, with most analysts forecasting that Teladoc will achieve its first full year of profitability in 2024. That seems like a long time away, but a patient mindset with Teladoc could reward investors significantly in the future.
Who are teladoc competitors?
Teladoc Health’s top competitors include naviHealth, Lash Group, Amwell, 98point6, MDLIVE, Providence Service Corporation and Sharecare. Teladoc Health is a telehealth company that uses telephone and video conferencing technology to provide on-demand remote medical care via mobile devices, the internet, and video.
Is Tdoc undervalued?
Teladoc Health, Inc. may be overvalued. Its Value Score of D indicates it would be a bad pick for value investors. The financial health and growth prospects of TDOC, demonstrate its potential to underperform the market. It currently has a Growth Score of D.
How does Tdoc make money?
Teladoc makes money by offering a subscription-based model. Clients (employers) pay annual or monthly subscriptions for access to Teladoc’s varying services and offer these to employees. Online physician consultations are the primary service offered.
Who owns Americanwell?
Ido Schoenberg
Ido Schoenberg serves as the Chairman and CEO of Amwell and oversees the company’s corporate strategy. Since co-founding the company in 2006, with Roy Schoenberg, Ido has led its strategic direction, growing Amwell to become one of the largest telehealth companies in the world.