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NASDAQ:MTBCMTBC Stock Price, Forecast & News

$9.84
+0.29 (+3.04 %)
(As of 07/6/2020 04:00 PM ET)
Add
Compare
Today's Range
$9.53
Now: $9.84
$10.08
50-Day Range
$6.27
MA: $7.27
$8.77
52-Week Range
$3.25
Now: $9.84
$10.08
Volume328,268 shs
Average Volume166,584 shs
Market Capitalization$122.02 million
P/E RatioN/A
Dividend YieldN/A
Beta1.11
MTBC, Inc., a healthcare information technology (IT) company, provides an integrated suite of Web-based solutions and related business services to healthcare providers primarily in the United States. The company operates through two segments, Healthcare IT and Practice Management. It primarily offers PracticePro, a software-as-a-service platform, which includes practice management software and related tools that facilitate the day-to-day business operation and workflows; electronic health record (EHR), which enables customers to reduce paperwork; revenue cycle management services, such as end-to-end medical billing, analytics, and related services; and mobile health solutions, including smartphone applications that assist patients and healthcare providers in the provision of healthcare services. The company also provides a web-based EHR solution; healthcare claims clearinghouse services; transcription, coding, indexing, and other ancillary services; electronic data interchange services; talkEHR, a voice enabled EHR solution; business intelligence, customized applications, interfaces, and various other technology solutions; comprehensive practice management services; telemedicine services; and patient experience management solutions. It serves physicians, nurses, nurse practitioners, physician assistants, and other clinical staff that render bills for their services. The company was formerly known as Medical Transcription Billing, Corp. and changed its name to MTBC, Inc. in February 2019. MTBC, Inc. was founded in 1999 and is headquartered in Somerset, New Jersey.
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MTBC logo

Beat the Market (BTM) Rank

Analyst Opinion: 2.5Community Rank: 2.6Dividend Strength: 0.0Insider Behavior: 1.0Valuation: 0.6 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.35 out of 5 stars


Industry, Sector and Symbol

Industry Prepackaged software
Sub-IndustryN/A
SectorMedical
Current SymbolNASDAQ:MTBC
CUSIPN/A
Phone732-873-5133

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$64.44 million
Cash Flow$0.34 per share
Book Value$3.51 per share

Profitability

Net Income$-870,000.00

Miscellaneous

Employees2,700
Market Cap$122.02 million
Next Earnings Date8/5/2020 (Estimated)
OptionableNot Optionable

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MTBC (NASDAQ:MTBC) Frequently Asked Questions

How has MTBC's stock been impacted by COVID-19 (Coronavirus)?

MTBC's stock was trading at $5.31 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, MTBC shares have increased by 85.3% and is now trading at $9.84. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of MTBC?

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for MTBC in the last year. There are currently 6 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for MTBC.

When is MTBC's next earnings date?

MTBC is scheduled to release its next quarterly earnings announcement on Wednesday, August 5th 2020. View our earnings forecast for MTBC.

How were MTBC's earnings last quarter?

MTBC, Inc (NASDAQ:MTBC) announced its quarterly earnings data on Thursday, May, 14th. The technology company reported ($0.42) earnings per share for the quarter, topping analysts' consensus estimates of ($0.64) by $0.22. The technology company had revenue of $21.87 million for the quarter, compared to the consensus estimate of $21.37 million. MTBC had a negative net margin of 6.41% and a negative return on equity of 10.63%. View MTBC's earnings history.

What guidance has MTBC issued on next quarter's earnings?

MTBC updated its FY 2020 Pre-Market earnings guidance on Thursday, May, 14th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $100-102 million, compared to the consensus revenue estimate of $98.1 million.

What price target have analysts set for MTBC?

6 analysts have issued 12-month price objectives for MTBC's stock. Their forecasts range from $7.50 to $10.00. On average, they expect MTBC's share price to reach $8.50 in the next twelve months. This suggests that the stock has a possible downside of 13.6%. View analysts' price targets for MTBC.

What are Wall Street analysts saying about MTBC stock?

Here are some recent quotes from research analysts about MTBC stock:
  • 1. March quarter report yesterday validates CareCloud integrationabove and beyond our expectations, but.... MTBC reported 1Q20sales of $21.9M, up 45% from 1Q19's $15.1M on an apples-to-orangesbasis in light of the January 8 closing of CareCloud and the expectedincremental $30-31M in additive sales contribution this year. Further andinterestingly, MTBC has launched its formal "MTBC Force" initiative, amercenary approach to providing services to companies that have greatcustomer interface, but are perhaps weaker on the cost efficiency sideof service and support infrastructure. With three such deals under theirbelt, MTBC management appeared calm, cool, and not exceedinglyambitious in again delivering its $100-102M in sales guidance for 2020yesterday" (5/15/2020)
  • 2. We reiterate our Buy rating on MTBC following Q1 results that beat expectations acrossrevenue, EBITDA and EPS. Q1 was the first quarter in which the CareCloud acquisitioncontributed, and registered a small top-line beat relative to our expectations. Owingto COVID and the precipitous decline in physician visits entering Q2, MTBC expectsQ2 to be down sequentially, with negative EBITDA and EPS. This is not a surprise asfully 60% of MTBC revenue is dependent on physician volumes and charges. Still, MTBCreiterated its full-year view of $100M to $102M in revenue and $12-$13M EBITDA asit has multiple paths to get there, namely its growing Force partner program, and verylikely an acquisition of a tuck-in nature. Depending on the size of the deal, we thinkMTBC could exceed guidance, but for now we have not built any acquired growth in ourmodel and remain slightly below management’s outlook." (5/15/2020)

Has MTBC been receiving favorable news coverage?

Media stories about MTBC stock have trended negative recently, according to InfoTrie. InfoTrie scores the sentiment of news coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. MTBC earned a daily sentiment score of -2.1 on InfoTrie's scale. They also gave media coverage about the technology company a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an effect on the stock's share price in the immediate future. View the latest news about MTBC.

Are investors shorting MTBC?

MTBC saw a increase in short interest during the month of June. As of June 15th, there was short interest totaling 180,400 shares, an increase of 12.7% from the May 31st total of 160,100 shares. Based on an average daily trading volume, of 159,800 shares, the days-to-cover ratio is presently 1.1 days. Approximately 2.7% of the company's shares are short sold. View MTBC's Current Options Chain.

Who are some of MTBC's key competitors?

What other stocks do shareholders of MTBC own?

Based on aggregate information from My MarketBeat watchlists, some companies that other MTBC investors own include Inseego (INSG), NVIDIA (NVDA), Square (SQ), Marvell Technology Group (MRVL), iCAD (ICAD), InVitae (NVTA), Alibaba Group (BABA), Crispr Therapeutics (CRSP), EXACT Sciences (EXAS) and Aptiv (APTV).

What is MTBC's stock symbol?

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

How do I buy shares of MTBC?

Shares of MTBC can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is MTBC's stock price today?

One share of MTBC stock can currently be purchased for approximately $9.84.

How big of a company is MTBC?

MTBC has a market capitalization of $122.02 million and generates $64.44 million in revenue each year. The technology company earns $-870,000.00 in net income (profit) each year or ($0.60) on an earnings per share basis. MTBC employs 2,700 workers across the globe.

What is MTBC's official website?

The official website for MTBC is www.mtbc.com.

How can I contact MTBC?

MTBC's mailing address is 7 CLYDE ROAD, SOMERSET NJ, 08873. The technology company can be reached via phone at 732-873-5133.

This page was last updated on 7/6/2020 by MarketBeat.com Staff

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