In the last trading session, 1.1 million shares of the CareCloud Inc (NASDAQ:CCLD) were traded, and its beta was 2.08. Most recently the company’s share price was $1.19, and it changed around -$0.06 or -4.80% from the last close, which brings the market valuation of the company to $50.36M. CCLD currently trades at a discount to its 52-week high of $4.84, offering almost -306.72% off that amount. The share price’s 52-week low was $1.01, which indicates that the current value has risen by an impressive 15.13% since then. We note from CareCloud Inc’s average daily trading volume that its 10-day average is 0.64 million shares, with the 3-month average coming to 874.70K.
CareCloud Inc stock received a consensus recommendation rating of Buy, based on a mean score of 2.00. If we narrow it down even further, the data shows that 0 out of 4 analysts rate the stock as a Sell; another 1 rate it as Overweight. Among the rest, 1 recommended CCLD as a Hold, whereas 2 deemed it a Buy, and 0 rated it as Underweight. CareCloud Inc is expected to report earnings per share of 0.07 for the current quarter.
CareCloud Inc (NASDAQ:CCLD) trade information
Instantly CCLD has showed a red trend with a performance of -4.80% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of 1.4000 on recent trading dayincreased the stock’s daily price by 15.0%. The company’s shares are currently down -67.49% year-to-date, but still down -5.56% over the last five days. On the other hand, CareCloud Inc (NASDAQ:CCLD) is -25.62% down in the 30-day period. We can see from the shorts that 0.39 million shares have been sold at a short interest cover period of 0.19 day(s).
The consensus price target as assigned by Wall Street analysts is $1.5, which translates to bulls needing to increase their stock price by 20.67% from its current value. Analyst projections state that CCLD is forecast to be at a low of $1.5 and a high of $1.5.
CareCloud Inc (CCLD) estimates and forecasts
The year-over-year growth rate is expected to be 1.38%, up from the previous year.
Consensus estimates provided by 5 financial analysts predict the company will bring in an average of 25.94M in revenue for the current quarter. 5 analysts expect CareCloud Inc to make 28.59M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 25.96M and 28.09M respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -0.09%. Forecasts for the next quarter put sales growth at 1.80%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 14.38%.
CCLD Dividends
CareCloud Inc’s next quarterly earnings report is expected to be released on 2025-Mar-12.
CareCloud Inc (NASDAQ:CCLD)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 18.15% of CareCloud Inc shares, and 4.30% of them are in the hands of institutional investors. The stock currently has a share float of 5.25%. CareCloud Inc stock is held by 36.0 institutions, with VANGUARD GROUP INC being the largest institutional investor. By 2024-06-30, it held 2.7039% of the shares, which is about 0.44 million shares worth $0.84 million.
BRIDGEWAY CAPITAL MANAGEMENT, LLC, with 1.6587% or 0.27 million shares worth $0.51 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund and VANGUARD INDEX FUNDS-Vanguard Extended Market Index Fund were the top two Mutual Funds as of Dec 31, 2024 . The former held 266.29 shares worth $0.32 million, making up 0.63% of all outstanding shares. On the other hand, VANGUARD INDEX FUNDS-Vanguard Extended Market Index Fund held roughly 158.81 shares worth around $0.19 million, which represents about 0.38% of the total shares outstanding.
