How to Buy Teladoc Health Stock
Teladoc Health Inc
Teladoc Health is a health information service company located in New York, United States, which is part of the Healthcare sector, and is traded under the ticker TDOC on the NYSE exchange.
Teladoc Health stock last closed at $13.73, down 0.07% from the previous day, and has decreased 51.26% in one year. It has underperformed other stocks in the Health Information Services industry by 0.24 percentage points. Teladoc Health stock is currently +6.81% from its 52-week low of $12.86, and -54.85% from its 52-week high of $30.41.
There are currently 167.04M TDOC shares outstanding. The market cap of TDOC is $2.29B. In the past 24 hours, 7.85M TDOC shares were traded.
How to Buy Teladoc Health Stock
Wondering how to invest in Teladoc Health stock? Here's how.
- Choose where to buy Teladoc Health stock: You need to decide on an online brokerage, but don't worry - we've tried dozens of online brokerages and apps to help you choose where to buy Teladoc Health stock.
- Sign up for your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've selected.
- Put funds into your brokerage account: Choose your method of payment and add your information.
- Research Teladoc Health stock: The Teladoc Health ticker symbol is TDOC. Is Teladoc Health stock a good investment? Should you buy shares of TDOC? How do TDOC's underlying business fundamentals look? Do top analysts think Teladoc Health is a good buy? Why has TDOC's stock price moved recently? (Hint: Our stock market analysis website can help you figure out if TDOC is a good stock to buy).
- Execute your TDOC purchase: Decide if you will purchase TDOC shares at the current market price or use a limit order to purchase TDOC shares at a specific price.
- Get notifications regarding your TDOC investment: Create a watchlist to key updates about your investment in Teladoc Health shares.
Step 1: Choose where to buy Teladoc Health stock
You need a brokerage account to access the NYSE market and buy TDOC shares.
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Open eToro AccountStep 2: Sign up for your brokerage account
Now that you've chosen the right brokerage, you need to fill out some personal information so you are able to buy TDOC stock today.
How to Create a New Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Input your personal info to open a new brokerage account.
- Submit your info by hitting the "Create Account" button. Get started with eToro today
Step 3: Put funds into your brokerage account
Now that you have finished signing up on the highest rated stock app, your next step is to transfer the money for your investment:
Watch the tutorial below if you need help transferring money into your investment account.
Step 4: Research Teladoc Health stock
Once you have selected the best place to buy Teladoc Health stock, it's important to research their stock prior to buying, so you can understand the risk and opportunity.
Teladoc Health shares at a glance
Teladoc Health Fundamentals
WallStreetZen was built to help part-time investors do better fundamental analysis.
You can view all of the due diligence checks on TDOC's stock page.
Is TDOC stock overvalued?
Analysts use a variety of different financial metrics, analyses, models, and charts to gauge TDOC's true value.
Using relative valuations methods:
- TDOC could be undervalued based on its P/B ratio of 0.99x, relative to Health Information Services industry P/B ratio of 3.39x
You can do more valuation analysis on TDOC's stock here.
TDOC Financials at a glance
Positive Health Checks:
- There are more short-term assets than short-term liabilities on the TDOC balance sheet.
- TDOC's operating cash flow of $350.02M allows it to safely service it's debt of $1.58B.
- TDOC profit margin has gone up from -567.5% to -8.5% in the past year.
Negative Health Checks:
- TDOC earnings of -$197.33M is not enough to cover its interest payments.
- Total TDOC debt is higher than 5 years ago, relative to shareholder equity.
- There are more long-term liabilities than short-term assets on the TDOC balance sheet.
- TDOC has a relatively high debt to equity ratio of 0.89.
Is Teladoc Health stock a Buy, Hold, or Sell, according to Wall Street analysts?
Out of 11 sell side analysts who give ratings on TDOC, the consensus analyst rating on TDOC is a Buy
It's important to note that analyst forecasts are not recommendations, nor are they financial advice.
Most Recent TDOC Analyst Ratings
Sean Dodge, a top 36% analyst from RBC Capital maintains TDOC with a buy rating and lowers their TDOC price target from $30.00 to $25.00, on Feb 21, 2024.
Steven Valiquette, a bottom 8% analyst from Barclays maintains TDOC with a strong buy rating and lowers their TDOC price target from $26.00 to $25.00, on Feb 21, 2024.
Jessica Tassan, a top 31% analyst from Piper Sandler maintains TDOC with a strong buy rating and lowers their TDOC price target from $30.00 to $25.00, on Feb 21, 2024.
Richard Close, a bottom 3% analyst from Canaccord Genuity maintains TDOC with a strong buy rating and lowers their TDOC price target from $34.00 to $28.00, on Feb 21, 2024.
Lisa Gill, a top 19% analyst from JP Morgan maintains TDOC with a hold rating and lowers their TDOC price target from $33.00 to $19.00, on Nov 17, 2023.
You can dive deeper into what analysts are saying on the Teladoc Health stock forecast page.
Metrics for Advanced TDOC Traders
TDOC Revenue
Last year, TDOC revenue was $2.60B. During the last 5 year, TDOC's revenue has gone up by 44.16% per year. This was faster than the Health Information Services industry average of 19.73%.
You can analyze TDOC's earnings and revenue performance here.
What are TDOC executives and large shareholders up to?
In the last 12 months, executives and large shareholders at TDOC have sold more shares than they have bought.
Daniel Trencher, CHIEF STRATEGY OFFICER of TDOC, was the latest TDOC insider to sell. They sold $13,210.00 worth of TDOC stock on Apr 17, 2024.
Get more info about who owns TDOC shares here.
Does TDOC stock generate passive income?
No, Teladoc Health doesn't provide an income stream by paying out dividends.
What others are saying about TDOC
One of the major reasons eToro is our favorite brokerage is because of its social trading community.
Click below to learn what other community members have to say.
Step 5: Execute your TDOC purchase
You have two primary options:
- Market order: A market order is an order to buy or sell a stock at the best available price.
Market orders are usually the best for newer investors. - Limit order: A limit order lets you buy or sell a security at a specific price (or better).
If you want to be sure you're buying or selling at an exact dollar amount limit, place a limit order.
Click the Open Trade button and eToro will execute your order.
If you need additional info about investing in stocks on eToro, watch the how to video below:
Step 6: Get notifications regarding your TDOC investment
Now that you own some TDOC shares, you'll want to stay up-to-date on your new investment.
Make a watchlist to see the latest developments about your TDOC stock.
TDOC Feed
How to Buy Stock in Teladoc Health
To summarize, here are the 6 steps for buying Teladoc Health stock:
- Choose where to buy Teladoc Health stock
- Sign up for your brokerage account
- Put funds into your brokerage account
- Research Teladoc Health stock
- Execute your TDOC purchase
- Get notifications regarding your TDOC investment
If you are looking for a place to buy stocks, eToro is our recommended venue.
Get Started with eToro TodayIf you would like to keep an eye on your new investment in Teladoc Health, click the button below.
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