CareCloud Inc (NASDAQ:CCLD) Stock Dropped -10.93% Year-To-Date, What Analysts Expect Next?

In last trading session, CareCloud Inc (NASDAQ:CCLD) saw 81780.0 shares changing hands with its beta currently measuring 1.42. Company’s recent per share price level of $3.26 trading at -$0.14 or -4.12% at ring of the bell on the day assigns it a market valuation of $52.99M. That closing price of CCLD’s stock is at a discount of -48.47% from its 52-week high price of $4.84 and is indicating a premium of 69.02% from its 52-week low price of $1.01. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.12 million shares which gives us an average trading volume of 156.75K if we extend that period to 3-months.

For CareCloud Inc (CCLD), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.50. Splitting up the data highlights that, out of 2 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 0 suggested the stock as a Hold whereas 2 see the stock as a Buy. 0 analyst(s) advised it as an Underweight.

CareCloud Inc (NASDAQ:CCLD) trade information

Upright in the red during last session for losing -4.12%, in the last five days CCLD remained trading in the red while hitting it’s week-highest on Thursday, 01/02/25 when the stock touched $3.26 price level, adding 18.09% to its value on the day. CareCloud Inc’s shares saw a change of -10.93% in year-to-date performance and have moved -10.93% in past 5-day. CareCloud Inc (NASDAQ:CCLD) showed a performance of -16.84% in past 30-days. Number of shares sold short was 50588.0 shares which calculate 1.18 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of 3 to the stock, which implies a fall of -8.67% to its current value. Analysts have been projecting 3 as a low price target for the stock while placing it at a high target of 3. It follows that stock’s current price would jump 7.98% in reaching the projected high whereas dropping to the targeted low would mean a gain of 7.98% for stock’s current value.

CareCloud Inc (CCLD) estimates and forecasts

Statistics highlight that CareCloud Inc is scoring comparatively higher than the scores of other players of the relevant industry. The company added 64.65% of value to its shares in past 6 months, showing an annual growth rate of 115.33% while that of industry is 24.90. Apart from that, the company came raising its revenue forecast for fiscal year 2025.

Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -47.21% during past 5 years.