In the last trading session, 89422.0 CareCloud Inc (NASDAQ:CCLD) shares changed hands as the company’s beta touched 1.42. With the company’s per share price at $3.95 changed hands at $0.25 or 6.76% during last session, the market valuation stood at $64.21M. CCLD’s last price was a discount, traded about -22.53% off its 52-week high of $4.84. The share price had its 52-week low at $1.01, which suggests the last value was 74.43% up since then. When we look at CareCloud Inc’s average trading volume, we note the 10-day average is 0.2 million shares, with the 3-month average coming to 148.23K.
Analysts gave the CareCloud Inc (CCLD) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.50. 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. CareCloud Inc’s EPS for the current quarter is expected to be 0.22.
CareCloud Inc (NASDAQ:CCLD) trade information
Instantly CCLD was in green as seen at the end of in last trading. With action 12.54%, the performance over the past five days has been green. The company’s shares are showing year-to-date upside of 159.87%, with the 5-day performance at 12.54% in the green. However, in the 30-day time frame, CareCloud Inc (NASDAQ:CCLD) is 40.07% up. Looking at the short shares, we see there were 50588.0 shares sold at short interest cover period of 1.18 days.
The consensus price target for the stock as assigned by Wall Street analysts is 3, meaning bulls need a downside of -31.67% 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 24.05% surge from its current level, while the stock would need to tank 24.05% 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 83.72% over the past 6 months, a 115.33% in annual growth rate that is considerably higher than the industry average of 24.80%. Year-over-year growth is forecast to reach -5.49% down from the last financial year.
Consensus estimates given by 4 financial analysts project the company’s revenue in the current quarter to hit an average of 28.03M. 4 analysts are of the opinion that CareCloud Inc’s revenue for the current quarter will be 25.9M. The company’s revenue for the corresponding quarters a year ago was 28.42M and 25.96M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -1.35%. The estimates for the next quarter sales put growth at -0.24%.
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 92.82%.
CCLD Dividends
CareCloud Inc is expected to release its next quarterly earnings report in January.
