Teladoc Health (TDOC) is a virtual health provider with a telehealth platform delivering 24-hour, on-demand healthcare via mobile devices, the Internet, video, and phone. Its platform connects members with a network of physicians and behavioral health professionals.
The company has benefited from strong demand for the telehealth market during the pandemic. Its expansion into international markets should help boost growth over long-term. Acquisitions should also aid growth.
TDOC had $1.2 billion in cash at the end of the latest quarter, compared with $984 million in long-term debt. The company also has a sky-high current ratio, indicating it has more than enough liquidity to handle short-term obligations.
The company has seen huge sales growth. Revenue has risen an average of 62.1% over the past five years and is expected to rise 140.9% this quarter. Though the stock looks overvalued with a Price to Sales of 20.5 and a Price to Book of 15.1.
The stock has shown strong near and long-term momentum. This has led to a “Buy” rating in our POWR Ratings system. It holds a grade of “A” for Trade Grade, which is based on short-term momentum. This is reflected in the chart below.
Take a look at the 1-year chart of TDOC below with my added notations…
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