Is Teladoc Stock a Good Purchase?

Teladoc Stock is a hot topic of discussion. If you are considering purchasing Teladoc stock, there are several things to consider before making your decision. We have gathered together some basic information on the company and its current financials so that you can make an informed purchase.

What is Teladoc Company?

Teladoc (TDOC) is a website that offers online medical consultation and diagnosis. This company started in 2008 and just recently went public on the New York Stock Exchange. This site aims to replace actual doctors with other healthcare professionals that can help diagnose patients or give general advice over the phone. Instead of going into an office and waiting hours to be seen by a doctor, users can log in via their computer and chat online with someone about their health concerns.

Annual Revenue Generate by Teladoc

Teladoc was founded in 2008 by Jason Gorevic as a way for people who needed to see a physician but were unable to because the time constraints presented too large of an obstacle.

Currently, the per visit is $75 for a consultation and follow up is free of cost, and the company has plans to add more specialities to build their medical expertise. Teladoc currently serves about one million people yearly, with annual revenue of around $2 billion.

Current Price and Performance of Teladoc Stock

TDOC shares closed at 137.79 on Friday, October 22nd, trading down 3% on the day. The number of outstanding shares is 159.46 million. The stock exchange has seen great fluctuation within the past 52 weeks ranging between 120.67 - 308.

Few analysts currently rate Teladoc stock as a buy; 1 rate it as sell; 3 rate it as a hold; 4 advise investors not to buy or sell shares of Teladoc stock. The consensus recommendation is to keep the stock in a range of $137.36 to 142.21 over the next few months for better exchange rates.

The Latest News on Teladoc Stock

As with any publicly traded company, the TDOC share price may be affected by many factors. It's recommended that investors monitor and make decisions based on TDOC news at least 4-5 times per week, especially when the markets are volatile or when there are breaking developments about Teladoc stock ahead of earnings reports.

In addition, investors should look out for comments from the executives during conference calls and presentations which can give a better picture of how Wall Street perceives this latest move by Teladoc.

Is Getting Teladoc Stock Worth a Shot?

In conclusion, right now, purchasing Teladoc stocks might not seem like a good bet. The stock has not been doing well since it was first released on the market due to some early negative news coverage from its competitors about its products being inferior to TDOC online services.

However, investors who look at the plus side may feel more confident going after this discounted share price of Teladoc stock. Time will tell if it will continue to fall or finally pick up, but either way, it's bound to be a roller coaster ride.

If you're considering purchasing Teladoc stock and want more information on this telehealth company, take a look at their official website: www.teladoc.com.