Teladoc (NYSE:TDOC) perks up 2% premarket
on light volume on the heels of a note from Bank of America Global
Research stating that it has experienced an upsurge in downloads of
BetterHelp, its virtual behavioral health offering, amid COVID-19 from
~1,000/day in March to more than 1,800/day this month. BofA adds that
download data do not tell the whole story. In its view, recent
disruptions in employment have substantially raised churn levels which
are likely to persist for at least 2-3 months.
Weekly downloads of its core medical mobile app
last week were 54,270, down from 61,025 the week before and down ~22%
from the peak of ~70K during the week of March 13 when the company
announced a 50% increase in visits (100K/week).
https://seekingalpha.com/news/3560080-teladoc-sees-spike-in-behavioral-health-visits-shares-up-2-premarket
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.