Doctor Care Anywhere (DOC) – why it is falling?
Hi James and the team! Thanks for the good advice! Can you comment on DOC. It is in a firm downward trend that doesn't seem to end. Is there a reason? Thanks, Kim
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Answer
Hi Kim,
UK based telehealth provider DOC is a new one for the MM report, the company offers digitally enabled care for patients. Their FY21 results show revenue up over 50% while gross profit surged 75% to $5.8mn. However this clearly wasn’t enough for this $226mn business whose share price continues to fall even as they lay out steady expansion plans. As the saying goes “don’t fight the tape” but the stock does look interesting under 70c for the brave investor.
