Rising Stock Due To COVID-19: Teladoc Health, Inc. (NYSE: TDOC)

The lockdown made many stocks fall during last March. However, biotech and healthcare stocks fell a bit then followed by slow bullish positions. Meanwhile, Teladoc Health shares had the same issue but were having uptrend. Since last year, the stock price increased from $60.93 to $176.11 – almost 2.5 times bigger change in just one year.

Even without lock down the company’s shares have been soaring because of the digitalization of the healthcare system. Virtual solutions really help customers while the professionals are doing their work remotely. The healthcare system adapted to modern-day services too like taxi service Uber and InDriver.

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Retained earnings are still negative since 2018’s December. However, the balance sheet looks promising with significantly fewer liabilities than shareholders’ equity. One might hope the stock price will keep rising by cheering the speculative investors.

Asan Abdiev

CEO and Editor in Chief. Living in the era of dynamic tech change Asan decided to stay tuned in changes that make any person find comfort and adapt to new devices. Furthermore, gaming became his passion for spending leisure time with his close ones. Although, he has a degree in Business Administration (majoring Finance) writing for technology and as well as finance has been one of the precious aspects of his life