In the latest trading session, 0.54 million CareCloud Inc (NASDAQ:CCLD) shares changed hands as the company’s beta touched 1.37. With the company’s most recent per share price at $3.52 changing hands around $0.91 or 34.87% at last look, the market valuation stands at $57.08M. CCLD’s current price is a discount, trading about -7.95% off its 52-week high of $3.80. The share price had its 52-week low at $0.68, which suggests the last value was 80.68% up since then. When we look at CareCloud Inc’s average trading volume, we note the 10-day average is 57990.0 shares, with the 3-month average coming to 81.28K.
Analysts gave the CareCloud Inc (CCLD) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.00. If we narrow down to specifics, the data shows that 0 out of 2 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 0 recommended CCLD as a Hold, 2 felt it is a Buy and 0 rated the stock as Underweight.
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CareCloud Inc (NASDAQ:CCLD) trade information
Instantly CCLD is in green as seen in intraday trades today. With action 47.28%, the performance over the past five days has been green. The company’s shares are showing year-to-date upside of 131.58%, with the 5-day performance at 47.28% in the green. However, in the 30-day time frame, CareCloud Inc (NASDAQ:CCLD) is 43.67% up. Looking at the short shares, we see there were 61541.0 shares sold at short interest cover period of 0.96 days.
The consensus price target for the stock as assigned by Wall Street analysts is 3, meaning bulls need a downside of -17.33% from its recent market value. According to analyst projections, CCLD’s forecast low is 3 with 3 as the target high. To hit the forecast high, the stock’s price needs a 14.77% surge from its current level, while the stock would need to tank 14.77% for it to hit the projected low.
CareCloud Inc (CCLD) estimates and forecasts
Data shows that the CareCloud Inc share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 92.35% over the past 6 months, a 115.82% in annual growth rate that is considerably higher than the industry average of 26.80%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -47.21%. The 2024 estimates are for CareCloud Inc earnings to increase by 88.96%.
CCLD Dividends
CareCloud Inc is expected to release its next quarterly earnings report on 2024-Nov-12.
