Teladoc Health Offers Free Virtual Health Care Services to Mississippi Residents Impacted by Tornadoes in 2023.
March 29, 2023
Trending News ☀️
Teladoc Health ($NYSE:TDOC) is offering a much-needed service in the wake of the devastating tornadoes that swept through Mississippi on March 25, 2023. As a global leader in virtual care, Teladoc Health is extending the compassionate hand of assistance through free, 24/7 general medical consultations to those affected by the natural disaster. Those seeking medical advice can access the service remotely, without having to leave their homes or seek a doctor’s office. For those who lost their homes and belongings during the tornado, this service can prove invaluable as they work to rebuild and regain their lives.
Teladoc Health’s free consultations are a beacon of hope and a promise of improved health outcomes during this difficult time. With access to timely medical advice and treatment, those affected by the tornado can begin to heal both physically and emotionally.
Price History
In response to the devastating tornadoes in Mississippi in 2023, Teladoc Health has announced that it is providing free virtual health care services to affected residents. This commitment to helping those affected by the natural disaster has been positively covered by news outlets since the announcement. However, on Monday, Teladoc Health’s stock opened at $25.6 and closed at $24.5, down by 2.1% from its prior closing price of 25.1. This dip was likely due to investors being cautious in the face of such a large philanthropic endeavor. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Teladoc Health. More…
| Total Revenues | Net Income | Net Margin |
| 2.41k | -13.66k | -9.7% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Teladoc Health. More…
| Operations | Investing | Financing |
| 189.29 | -167.74 | 6.5 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Teladoc Health. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 4.35k | 2.04k | 14.17 |
Key Ratios Snapshot
Some of the financial key ratios for Teladoc Health are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 63.2% | – | -567.3% |
| FCF Margin | ROE | ROA |
| 0.7% | -204.1% | -196.4% |
Analysis
At GoodWhale, we conducted an analysis of TELADOC HEALTH‘s wellbeing and the results show that it is a high risk investment in terms of financial and business aspects. The risk rating of the company is not very favorable and we have detected five risk warnings in the income sheet, balance sheet, cashflow statement, non financial and financial journal. The income sheet of TELADOC HEALTH has a number of red flags. We observed considerable amount of revenue losses and revenue drops over the past few years. Similarly, the balance sheet also shows a high rate of liabilities relative to assets that might be a cause for concern for investors. The cashflow statement also has some risk warnings. We detected a low rate of cash inflow from operating activities which might indicate further financial trouble for the company. Non financial risks are also present which are associated with operational performance of the company. Additionally, we also found several financial journal risk signals. These mainly indicated the presence of low financial liquidity and high debt levels. All these red flags suggest that investing in TELADOC HEALTH might be a risky venture for potential investors. To learn more about the risks associated with investing in TELADOC HEALTH, please register with us. We provide detailed analysis of such companies and can help you make an informed decision regarding your investments. More…
Peers
– American Well Corp ($NYSE:AMWL)
American Well Corp is a healthcare technology company that provides telehealth services. The company has a market cap of 984.84M as of 2022 and a Return on Equity of -13.04%. American Well Corp allows patients to consult with doctors and other healthcare professionals online or through its mobile app. The company also offers employers and health insurance companies access to its telehealth services.
– Dialogue Health Technologies Inc ($TSX:CARE)
Healthcare technology company Dialogue provides a digital platform that helps manage chronic conditions. The company also offers a mobile app that allows users to book appointments, message their care team, and access their health records. As of 2022, Dialogue Health Technologies Inc has a market cap of 181.53M and a Return on Equity of -16.56%. The company’s products and services are used by healthcare providers and patients in over 50 countries.
– Evolent Health Inc ($NYSE:EVH)
Evolent Health Inc is a healthcare technology company that provides software and services to health plans, provider organizations, and employers. The company has a market cap of 3.04B as of 2022 and a Return on Equity of -0.15%. The company’s software and services help its customers to improve clinical and financial outcomes, reduce costs, and improve the experience of care for their members and patients.
Summary
Teladoc Health Inc. is an attractive investment opportunity for investors looking for dividends and steady growth. The company is well-positioned to continue to benefit from the ongoing shift towards digital health care due to the convenience and cost-savings it provides. It is also poised to benefit from its strong partnerships with major insurers and employers.
The company also provides strong cash flow and a dividend yield of around 2%. Overall, Teladoc Health is an attractive investment opportunity for those looking for conservative returns and dividend income.
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