4 Encouraging Trends for Teladoc Health
Teladoc Health's (NYSE: TDOC) stock has fallen by more than 30% over the past 12 months as it continues to struggle to gain momentum. The telehealth specialist isn't the hot investment it was during the early stages of the pandemic.
But while the momentum and hype appear to have waned, the fundamentals are still there. Four encouraging trends suggest that sooner or later, the stock should be able to turn things around. Here's why Teladoc can still be a promising investment to hold.
Teladoc's growth rate has fallen sharply in the past few years. That can happen to rapidly expanding businesses because sustaining a growth rate of over 50% is extremely difficult to do. But the company's expansion has been relatively stable in the past few quarters. For the period ended June 30, revenue of $652.4 million was still up 10% year over year. While that is down from the previous quarter, it's not a big decline in the growth rate.
Source Fool.com