In the midst of COVID, healthcare companies saw their stocks soar in 2020

Companies like Health Catalyst, Progyny and Guardant all saw big increases this year

While 2020 may have put undue strain on the healthcare system as a whole, it was also the year that the space saw a record amount of investment, with $21.8 billion invested across 1,539 deals in Q3, an 18 percent increase in dollars and deals from Q2. There were also some huge mergers and acquisitions made across the sector, like Teladoc and Livingo merging in an $18.5 billion deal, Illumina buying Grail for $8 billion, and Blackstone buying Ancestry for $4.7 billion.  

The point is, even during the most trying times, or possibly because of them, the innovation side of healthcare is thriving. And that has allowed the publicly traded digital health companies (as well as some of the major tech companies that have made inroads into the healthcare space) to see their revenue, and their stock prices, shoot up since the beginning of the year. 

Here's how health stocks have performed in 2020: 

• Price at the start of the year: $35.07
• Current price: $44.74
• Percentage change for the year: Up 28 percent
• Market cap: $1.9 billion
• Q3 revenue: $27.9 billion, up 32 percent year-to-year

• Price at the start of the year: $26.74
• Current price: $57.12
• Percentage change for the year: Up 113.6 percent
• Market cap: $2.5 billion
• Q3 revenue:$38.5 million, up 17 percent year-to-year

• Price at the start of the year: $16.48
• Current price: $18.25
• Percentage change for the year: Up 11 percent
• Market cap: $5.5 billion
• Q2 revenue: $755.9 million, down 5 percent year-to-year  

• Price at the start of the year: $28.9
• Current price: 152.18
• Percentage change for the year: Up 426 percent
• Market cap: $45 billion
• Q1 2021 revenue: $757.9 million, up 232 percent year-to-year 

• Price at the start of the year: $27.4
• Current price: $41.89
• Percentage change for the year: Up 53 percent
• Market cap: $3.6 billion
• Q3 revenue: $98.9 million, up 62 percent year-to-year

• Price at the start of the year: $84
• Current price: $197.83
• Percentage change for the year: Up 135.5 percent
• Market cap: $28.8 billion
• Q3 revenue: $288.8 million, up 109 percent year-to-year

• Price at the start of the year: $78.59
• Current price: $126.68
• Percentage change for the year: Up 61 percent
• Market cap: $13 billion
• Q3 revenue: $74.6 million, up 23 percent year-to-year 

• Price at the start of the year: $74.06
• Current price: $136.69
• Percentage change for the year: Up 85 percent
• Market cap: $2.3 trillion
• Q3 revenue: $59.7 billion, up 11 percent year-to-year

• Price at the start of the year: $1,348.41
• Current price: $1,773.96
• Percentage change for the year: Up 32 percent
• Market cap: $1.2 trillion
• Q3 revenue: $46.1 billion, up 14 percent year-to-year

• Price at the start of the year: $1,875
• Current price: $3283.96
• Percentage change for the year: Up 75 percent
• Market cap: $1.6 trillion
• Q3 revenue: $96.1 billion, up 37 percent year-to-year 

(Image source: investopedia.com)