CareCloud - MTBC Stock Forecast, Price & News

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" MTBC shares.
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2 Wall Street analysts have issued 1-year target prices for CareCloud's shares. Their MTBC share price forecasts range from $8.00 to $12.00. On average, they anticipate the company's share price to reach $10.00 in the next year. This suggests a possible upside of 169.0% from the stock's current price.
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CareCloud's stock was trading at $6.32 at the beginning of 2022. Since then, MTBC stock has decreased by 41.2% and is now trading at $3.7179.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, November 3rd 2022.
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CareCloud, Inc. (NASDAQ:MTBC) issued its quarterly earnings data on Thursday, November, 4th. The technology company reported ($0.15) earnings per share for the quarter, topping the consensus estimate of ($0.19) by $0.04. The technology company had revenue of $38.30 million for the quarter, compared to analysts' expectations of $35.82 million. CareCloud had a net margin of 6.00% and a trailing twelve-month return on equity of 8.90%. During the same quarter last year, the firm earned ($0.46) EPS.

CareCloud updated its FY 2022 earnings guidance on Thursday, August, 11th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $140.00 million-$143.00 million, compared to the consensus revenue estimate of $154.08 million.

71 employees have rated CareCloud Chief Executive Officer Mahmud Haq on Glassdoor.com. Mahmud Haq has an approval rating of 47% among the company's employees. This puts Mahmud Haq in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other CareCloud investors own include NVIDIA (NVDA), Inseego (INSG), JD.com (JD), Marvell Technology (MRVL), Niu Technologies (NIU), Bilibili (BILI), Alibaba Group (BABA), Baidu (BIDU), BioXcel Therapeutics (BTAI) and Baozun (BZUN).

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

CareCloud's stock is owned by a variety of institutional and retail investors. Top institutional investors include P.A.W. Capital Corp (4.21%), Millennium Management LLC (0.33%), Renaissance Technologies LLC (0.24%), McDonald Partners LLC (0.20%), PDT Partners LLC (0.08%) and JPMorgan Chase & Co. (0.07%). Insiders that own company stock include A Hadi Chaudhry, Anne Busquet, Bill Korn, Cameron Munter, John N Daly, Kimberly J Blanche, Kimberly J Grant, Mahmud Ul Haq, Shruti H Patel and Stephen Andrew Snyder.
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Shares of MTBC 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 MTBC stock can currently be purchased for approximately $3.72.

CareCloud (NASDAQ:MTBC) has a market capitalization of $56.07 million and generates $139.60 million in revenue each year. The technology company earns $2.84 million in net income (profit) each year or ($0.42) on an earnings per share basis.

The company employs 4,100 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 technology company can be reached via phone at 732-873-5133 or via fax at 732-873-3378.