The bearish DailyPlay for Thursday, December 10th is Teladoc Health Inc (TDOC). TDOC is part of the healthcare sector and has experienced a 3.82% loss over the last month.
Fundamental View
- Fewer medical visits due to COVID will likely to put pressure on TDOC
- Increased competition from 10+ telemedicine providers put growth projections at risk
- Expensive at 20x sales multiple, greatly outpaces its revenue growth
- Earnings: Feb 23 (73 Days)
Technical View
- Multiple rejections of 100 D MA and rally to $202 resistance provide a good risk/reward for a short trade.
- Both 1M and 6M trends are bearish
- Weak relative strength, technical score (4 out of 10)
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