CareCloud (CCLD) Stock Forecast, Price & News

4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for CareCloud in the last year. There are currently 2 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" CCLD shares.
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4 analysts have issued 12 month target prices for CareCloud's stock. Their CCLD share price forecasts range from $3.00 to $6.00. On average, they predict the company's stock price to reach $4.67 in the next twelve months. This suggests a possible upside of 273.3% from the stock's current price.
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CareCloud's stock was trading at $3.42 at the beginning of the year. Since then, CCLD stock has decreased by 63.5% and is now trading at $1.25.
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CareCloud saw a increase in short interest in the month of August. As of August 31st, there was short interest totaling 83,900 shares, an increase of 264.8% from the August 15th total of 23,000 shares. Based on an average trading volume of 63,600 shares, the short-interest ratio is presently 1.3 days. Currently, 0.9% of the shares of the company are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, November 2nd 2023.
View our CCLD earnings forecast.

CareCloud, Inc. (NASDAQ:CCLD) announced its earnings results on Thursday, August, 3rd. The company reported ($0.37) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.28) by $0.09. The firm earned $29.36 million during the quarter, compared to the consensus estimate of $32.04 million. CareCloud had a negative net margin of 3.60% and a negative trailing twelve-month return on equity of 4.57%.

CareCloud updated its FY 2023 earnings guidance on Friday, August, 4th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $120.00 million-$122.00 million, compared to the consensus revenue estimate of $142.49 million.

CareCloud trades on the NASDAQ under the ticker symbol "CCLD."

CareCloud's stock is owned by a number of institutional and retail investors. Top institutional investors include P.A.W. Capital Corp (4.81%), Franklin Resources Inc. (2.22%), Gabelli Funds LLC (0.94%), Dimensional Fund Advisors LP (0.56%), Geode Capital Management LLC (0.49%) and BlackRock Inc. (0.41%). Insiders that own company stock include A Hadi Chaudhry, Mahmud Ul Haq and Stephen Andrew Snyder.
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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.
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One share of CCLD stock can currently be purchased for approximately $1.25.

CareCloud (NASDAQ:CCLD) has a market capitalization of $19.54 million and generates $138.83 million in revenue each year. The company earns $5.43 million in net income (profit) each year or ($1.05) on an earnings per share basis.

The company employs 4,150 workers across the globe.

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.