In the last trading session, 1.19 million CareCloud Inc (NASDAQ:CCLD) shares changed hands as the company’s beta touched 1.37. With the company’s per share price at $3.17 changed hands at $0.56 or 21.46% during last session, the market valuation stood at $51.40M. CCLD’s last price was a discount, traded about -19.87% 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 78.55% 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 was in green as seen at the end of in last trading. With action 32.64%, the performance over the past five days has been green. The company’s shares are showing year-to-date upside of 108.55%, with the 5-day performance at 32.64% in the green. However, in the 30-day time frame, CareCloud Inc (NASDAQ:CCLD) is 29.39% 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 -5.67% from its current 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 5.36% surge from its current level, while the stock would need to tank 5.36% 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 73.22% 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 in December.
