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Stock impact report

Teladoc Health: Get Out [Seeking Alpha]

Teladoc Health, Inc. (TDOC) 
Last teladoc health, inc. earnings: 4/29 04:05 pm Check Earnings Report
US:NYSE Investor Relations: ir.teladoc.com/investors/default.aspx
Company Research Source: Seeking Alpha
SummaryTeladoc Health has tripled from October lows.The telemedicine specialist as seen a surge in visits due to COVID-19, but the Q1 results show limited benefits to the platform.Heading in Q2, seasonal declines in visits will hurt investor sentiment.The stock has an extremely stretched valuation at 17x '21 sales and over 175x '21 adjusted EBITDA.Despite the huge surge in demand,TDOCinvestment thesisSurging DemandThe telemedicine leader has already reported some impressive surges in patient visits. The average day now sees20,000 virtual medical visitsThese numbers are partly incorporated into the 70% increase in patient visits during Q1 to 1.8 million visits. Just from additional members, the company had forecast an increase of 40% during the quarter to 1.5 million total visits without a boost from COVID-19. The COVID-19 boost could reach 300K visits in the quarter.The major hiccup to the story is theslipping app downloadsOne has to wonder if social distancing doesn't end up reducing Show less Read more
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