TDOC and AMWELL? Lets look at price/sales ratioTDOC current market cap at 29 billion $ after today's 5% down.
Sales are expected to hit 1,3-1,5 billion $ in 2021 with Livongo acquisition.
Price/sales ratio for 2021 expected revenues : 20 X revenues
AMWELL current market cap at 6,4 billion $ after today's 8% down.
Sales are expected to hit 331 million $ in 2021.
Price/sales ratio for 2021 expected revenues : 20 X revenues
What does it mean for WELL? Shares are trading at discount.... 13 X revenues for 2021.
Don't forget.... LIVONGO was bought out at 50 X revenues by TDOC in 2020. This is also one of the reasons why TDOC has been down a lot...overpaid for LIVONGO but it should pay off in the next couple years.
Patience always pays off.
Cheers