NASDAQ:CCLD

CareCloud (CCLD) Stock Forecast, Price & News

$3.14

+0.02 (+0.64%)

(As of 06/7/2023 ET)

Compare

Today's Range: $3.11
▼
$3.22
50-Day Range: $2.81
▼
$3.63
52-Week Range: $2.50
▼
$5.35

Volume: 20,444 shs
Average Volume: 22,849 shs
Market Capitalization: $48.87 million

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $5.00

CareCloud MarketRank™ Forecast

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 59.5% Upside
$5.00 Price Target
Short Interest: Healthy
0.20% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 1.51
Based on 2 Articles This Week
Insider Trading: Selling Shares
$51,760 Sold Last Quarter
Proj. Earnings Growth: Growing
From ($0.69) to ($0.45) Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.33 out of 5 stars

Medical Sector

207th out of 981 stocks

Prepackaged Software Industry

38th out of 212 stocks

3.5

Analyst's Opinion

Consensus Rating
CareCloud has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 2 buy ratings, no hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $5.00, CareCloud has a forecasted upside of 59.5% from its current price of $3.14.
Amount of Analyst Coverage
CareCloud has only been the subject of 1 research reports in the past 90 days.

3.0

Short Interest

Percentage of Shares Shorted
0.20% of the float of CareCloud has been sold short.
Short Interest Ratio / Days to Cover
CareCloud has a short interest ratio ("days to cover") of 0.9, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month

0.0

Dividend Strength

Dividend Yield
CareCloud does not currently pay a dividend.
Dividend Growth
CareCloud does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for CCLD.

2.5

News and Social Media Coverage

News Sentiment
CareCloud has a news sentiment score of 1.51. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.51 average news sentiment score of Medical companies.
News Coverage This Week
MarketBeat has tracked 2 news articles for CareCloud this week, compared to 2 articles on an average week.
Search Interest
Only 1 people have searched for CCLD on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, CareCloud insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $51,760.00 in company stock.
Percentage Held by Insiders
34.40% of the stock of CareCloud is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
Only 19.68% of the stock of CareCloud is held by institutions.

1.3

Earnings and Valuation

Earnings Growth
Earnings for CareCloud are expected to grow in the coming year, from ($0.69) to ($0.45) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of CareCloud is -4.18, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of CareCloud is -4.18, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
CareCloud has a P/B Ratio of 0.47. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About CareCloud (NASDAQ:CCLD) Stock

CareCloud, Inc. is a healthcare information technology (IT) company, which engages in the provision of an integrated suite of proprietary cloud-based electronic health records and practice management solutions. It operates through the Healthcare IT and Practice Management segments. The Healthcare IT segment offers a proprietary web-based suite of services such as practice management applications, certified electronic health records solutions, revenue cycle management services and mobile health applications. The Practice Management segment provides medical practices as well as telemedicine, management, bill-paying and financial advisory services. The company was founded by Mahmud Haq in 1999 and is headquartered in Somerset, NJ.

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CCLD Stock News Headlines

June 7, 2023 | finance.yahoo.com

CareCloud Announces Silver Sponsorship at MENA Hospital Projects Conference in Dubai

June 6, 2023 | finance.yahoo.com

CareCloud Strengthens Partnership with Mississippi Medical Clinics to Add Advanced Revenue Cycle Management and Chronic Care Management Solutions

June 8, 2023 | Edge On The Street (Ad)

New "Mined in America" Lithium Opportunities?

The average electric vehicle needs 138 pounds of lithium carbonate for its battery components. But China currently controls the entire lithium supply chain.

May 31, 2023 | technews.tmcnet.com

CareCloud's medSR Division to Showcase Their Comprehensive Range of Healthcare IT Consulting Services at the 2023 MUSE Inspire Conference

May 25, 2023 | finance.yahoo.com

Forbes Review Acknowledges CareCloud as Ideal Solution for Small and Large Practices

May 17, 2023 | finance.yahoo.com

CareCloud Spearheads Middle East Expansion at PrecisionMed Expo 2023

May 11, 2023 | finance.yahoo.com

CareCloud CEO Hadi Chaudhry Named Finalist for Ernst & Young's Entrepreneur Of The Year® 2023 New Jersey Award

May 10, 2023 | finance.yahoo.com

CareCloud Wins Best Overall EHR Solution Provider in 2023 MedTech Breakthrough Awards

June 8, 2023 | Edge On The Street (Ad)

Graphite Shortage Could Derail the $7 Trillion EV Transition

Graphite (not lithium) is expected to see the largest increase in demand of all battery metals over the next decade. But projections warn of an 8 million ton shortfall of graphite by 2040. That's why 97 more graphite mines are needed just to keep up with battery production for the $7 trillion transition to electric vehicles.

May 9, 2023 | finance.yahoo.com

CareCloud's Bill Korn, Chief Strategy Officer, and Joseph DosSantos, Chief Financial Officer, to Host Investor Meetings at Upcoming Conferences

May 8, 2023 | finance.yahoo.com

CareCloud Strengthens Leadership Team with Key Transitions

May 5, 2023 | markets.businessinsider.com

Maxim Group Reaffirms Their Buy Rating on CareCloud (CCLD)

May 5, 2023 | msn.com

EF Hutton Reiterates CareCloud (CCLD) Buy Recommendation

May 4, 2023 | msn.com

CareCloud: Q1 Earnings Insights

May 4, 2023 | finance.yahoo.com

CareCloud, Inc. (CCLD) Reports Q1 Loss, Lags Revenue Estimates

May 4, 2023 | finance.yahoo.com

CareCloud Reports First Quarter 2023 Results

May 3, 2023 | finance.yahoo.com

CareCloud Solutions Will Help Transform Healthcare Operations for Phoenix Family Medical Clinic

May 3, 2023 | americanbankingnews.com

CareCloud (CCLD) to Release Quarterly Earnings on Thursday

April 25, 2023 | baystreet.ca

CareCloud Lauded by Health-Care Providers

April 25, 2023 | finance.yahoo.com

CareCloud's EHR System Earns High Praise in business.com Review for its Customization Options and User-Friendly Interface

April 19, 2023 | finance.yahoo.com

The Market Doesn't Like What It Sees From CareCloud, Inc.'s (NASDAQ:CCLD) Revenues Yet

April 18, 2023 | finance.yahoo.com

CareCloud to Announce First Quarter 2023 Results on May 4, 2023

April 13, 2023 | finance.yahoo.com

CareCloud will Highlight Comprehensive Solutions that Aim to Streamline Workflows, Alleviate Burnout, and Improve the Quality of Care at AAOE

April 11, 2023 | finance.yahoo.com

Heart & Vascular Institute Selects CareCloud's Chronic Care Management Program to Empower Patients with Personalized Care Plans and Improve Health Outcomes

April 5, 2023 | finance.yahoo.com

CareCloud Will Showcase Next-Generation Healthcare Solutions at HIMSS Global Health Conference & Exhibition

April 3, 2023 | finance.yahoo.com

CareCloud Recognized in Best in KLAS Report Two Years in a Row

April 2, 2023 | americanbankingnews.com

Contrasting CareCloud (CCLD) and Its Rivals

See More Headlines

CCLD Price History

30 days | 90 days | 365 days | Advanced Chart

CCLD Company Calendar

Last Earnings: 5/04/2023
Today: 6/08/2023
Next Earnings (Estimated): 8/03/2023
Fiscal Year End: 12/31/2023

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Prepackaged software
Sub-Industry: N/A
Sector: Medical
Current Symbol: NASDAQ:CCLD
CUSIP: N/A
CIK: 1582982
Web: www.carecloud.com
Phone: (732) 873-5133
Fax: 732-873-3378
Employees: 4,150
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: $5.00
High Stock Price Forecast: $5.00
Low Stock Price Forecast: $5.00
Forecasted Upside/Downside: +59.5%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 2 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($0.75)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $5.43 million
Net Margins: 0.03%
Pretax Margin: 3.05%
Return on Equity: 0.04%
Return on Assets: 0.03%

Debt

Debt-to-Equity Ratio: 0.10
Current Ratio: 1.64
Quick Ratio: 1.63

Sales & Book Value

Annual Sales: $138.83 million
Price / Sales: 0.35
Cash Flow: $1.48 per share
Price / Cash Flow: 2.12
Book Value: $6.68 per share
Price / Book: 0.47

Miscellaneous

Outstanding Shares: 15,590,000
Free Float: 10,229,000
Market Cap: $48.87 million
Optionable: Optionable
Beta: 0.87

Key Executives

A. Hadi Chaudhry
President, Chief Executive Officer & Director

Steve Link
Chief Operating Officer

Bill Korn
Chief Financial & Strategy Officer

Adeel Sarwar
Chief Technology Officer

Kimberly Blanche
Secretary, VP-Compliance & General Counsel

Key Competitors

View All Competitors

Insiders

View All Insider Transactions

CCLD Stock - Frequently Asked Questions

Should I buy or sell CareCloud stock right now?: 2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for CareCloud in the last twelve months. There are currently 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" CCLD shares.
View CCLD analyst ratings or view top-rated stocks.
What is CareCloud's stock price forecast for 2023?: 2 equities research analysts have issued 12 month price targets for CareCloud's shares. Their CCLD share price forecasts range from $5.00 to $5.00. On average, they expect the company's stock price to reach $5.00 in the next year. This suggests a possible upside of 59.5% from the stock's current price.
View analysts price targets for CCLD or view top-rated stocks among Wall Street analysts.
How have CCLD shares performed in 2023?: CareCloud's stock was trading at $3.42 at the beginning of the year. Since then, CCLD stock has decreased by 8.3% and is now trading at $3.1350.
View the best growth stocks for 2023 here.
When is CareCloud's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, August 3rd 2023.
View our CCLD earnings forecast.
How were CareCloud's earnings last quarter?: CareCloud, Inc. (NASDAQ:CCLD) issued its quarterly earnings results on Thursday, May, 4th. The company reported ($0.28) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.31) by $0.03. The firm earned $30 million during the quarter, compared to analyst estimates of $30.98 million. CareCloud had a net margin of 0.03% and a trailing twelve-month return on equity of 0.04%.
What guidance has CareCloud issued on next quarter's earnings?: CareCloud issued an update on its FY 2023 earnings guidance on Thursday, May, 4th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $142.00 million-$146.00 million, compared to the consensus revenue estimate of $142.97 million.

What is CareCloud's stock symbol?: CareCloud trades on the NASDAQ under the ticker symbol "CCLD."
How do I buy shares of CareCloud?: Shares of CCLD stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is CareCloud's stock price today?: One share of CCLD stock can currently be purchased for approximately $3.14.
How much money does CareCloud make?: CareCloud (NASDAQ:CCLD) has a market capitalization of $48.87 million and generates $138.83 million in revenue each year. The company earns $5.43 million in net income (profit) each year or ($0.75) on an earnings per share basis.
How many employees does CareCloud have?: The company employs 4,150 workers across the globe.
How can I contact CareCloud?: CareCloud's mailing address is 7 CLYDE ROAD, SOMERSET NJ, 08873. The official website for the company is www.carecloud.com. The company can be reached via phone at (732) 873-5133, via email at gene.mannheimer@westwicke.com, or via fax at 732-873-3378.

This page (NASDAQ:CCLD) was last updated on 6/8/2023 by MarketBeat.com Staff

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