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NASDAQ:MTBC

CareCloud - MTBC Stock Forecast, Price & News

$3.81
+0.18 (+4.96%)
(As of 08/11/2022 09:51 AM ET)
Add
Compare
Today's Range
$3.81
$3.85
50-Day Range
$3.37
$4.33
52-Week Range
$3.25
$8.90
Volume
103 shs
Average Volume
28,847 shs
Market Capitalization
$57.45 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$8.00

CareCloud MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
110.0% Upside
$8.00 Price Target
Short Interest
Healthy
0.31% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.36mentions of CareCloud in the last 14 days
Based on 12 Articles This Week
Insider Trading
Selling Shares
$36,470 Sold Last Quarter
Proj. Earnings Growth
Growing
From ($0.50) to ($0.10) Per Share

Overall MarketRank

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

2.49 out of 5 stars

Medical Sector

205th out of 1,112 stocks

Prepackaged Software Industry

64th out of 229 stocks

MTBC stock logo

About CareCloud (NASDAQ:MTBC) Stock

CareCloud, Inc. brings disciplined innovation to the business of healthcare. Our suite of technology-enabled solutions helps clients increase financial and operational performance, streamline clinical workflows, and make better business and care decisions. More than 40,000 providers across the United States count on CareCloud to help them improve patient care while reducing administrative burdens and operating costs. Services and solutions include revenue cycle management (RCM), practice management (PM), electronic health record (EHR), business intelligence, telehealth, and patient experience management (PXM). CareCloud is headquartered in Somerset, NJ.

CareCloud Price Performance

CareCloud stock opened at $3.63 on Thursday. The company has a market cap of $54.74 million, a P/E ratio of -8.64 and a beta of 1.18. CareCloud has a one year low of $3.25 and a one year high of $8.90. The business has a fifty day moving average of $3.74 and a two-hundred day moving average of $4.42. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.29 and a current ratio of 1.31.

CareCloud (NASDAQ:MTBC - Get Rating) last released its quarterly earnings data on Monday, May 9th. The technology company reported ($0.19) EPS for the quarter, topping analysts' consensus estimates of ($0.27) by $0.08. CareCloud had a net margin of 6.00% and a return on equity of 8.99%. The firm had revenue of $35.34 million for the quarter, compared to the consensus estimate of $33.62 million. During the same quarter in the previous year, the firm earned ($0.36) earnings per share. As a group, analysts predict that CareCloud will post -0.53 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. B. Riley lowered their price objective on shares of CareCloud from $11.00 to $8.00 in a research report on Friday, August 5th. Roth Capital reiterated a "buy" rating on shares of CareCloud in a research note on Monday, May 9th. Finally, StockNews.com began coverage on shares of CareCloud in a report on Wednesday. They set a "buy" rating for the company.

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MTBC Stock News Headlines

StockNews.com Initiates Coverage on CareCloud (NASDAQ:MTBC)
CareCloud (NASDAQ:MTBC) PT Lowered to $8.00 at B. Riley
CareCloud (NASDAQ:MTBC) Coverage Initiated at StockNews.com
See More Headlines
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MTBC Company Calendar

Last Earnings
11/04/2021
Today
8/11/2022
Next Earnings (Estimated)
11/03/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Prepackaged software
Sub-Industry
N/A
Sector
Medical
Current Symbol
NASDAQ:MTBC
Employees
4,100
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$8.00
High Stock Price Forecast
$8.00
Low Stock Price Forecast
$8.00
Forecasted Upside/Downside
+110.0%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
2 Analysts

Profitability

Net Income
$2.84 million
Pretax Margin
6.03%

Debt

Sales & Book Value

Annual Sales
$139.60 million
Cash Flow
$1.40 per share
Book Value
$6.81 per share

Miscellaneous

Free Float
9,817,000
Market Cap
$57.45 million
Optionable
Not Optionable
Beta
1.18














MTBC Stock - Frequently Asked Questions

Should I buy or sell CareCloud stock right now?

2 Wall Street 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 research analysts is that investors should "buy" MTBC shares.
View MTBC analyst ratings
or view top-rated stocks.

What is CareCloud's stock price forecast for 2022?

2 equities research analysts have issued twelve-month target prices for CareCloud's shares. Their MTBC share price forecasts range from $8.00 to $8.00. On average, they anticipate the company's stock price to reach $8.00 in the next year. This suggests a possible upside of 120.4% from the stock's current price.
View analysts price targets for MTBC
or view top-rated stocks among Wall Street analysts.

How have MTBC shares performed in 2022?

CareCloud's stock was trading at $6.32 at the beginning of the year. Since then, MTBC stock has decreased by 42.6% and is now trading at $3.63.
View the best growth stocks for 2022 here
.

When is CareCloud's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, November 3rd 2022.
View our MTBC earnings forecast
.

How were CareCloud's earnings last quarter?

CareCloud, Inc. (NASDAQ:MTBC) issued its earnings results on Thursday, November, 4th. The technology company reported ($0.15) EPS for the quarter, beating analysts' consensus estimates of ($0.19) by $0.04. The technology company had revenue of $38.30 million for the quarter, compared to analyst estimates of $35.82 million. CareCloud had a net margin of 6.00% and a trailing twelve-month return on equity of 8.99%. During the same period in the previous year, the company posted ($0.46) EPS.

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

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.

What is Mahmud Haq's approval rating as CareCloud's CEO?

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.

What other stocks do shareholders of CareCloud own?

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).

What is CareCloud's stock symbol?

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

Who are CareCloud's major shareholders?

CareCloud's stock is owned by a variety of institutional and retail investors. Top institutional investors include P.A.W. Capital Corp (4.21%) and McDonald Partners LLC (0.20%). 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.
View institutional ownership trends
.

How do I buy shares of CareCloud?

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.
Compare Top Brokerages Here.

What is CareCloud's stock price today?

One share of MTBC stock can currently be purchased for approximately $3.63.

How much money does CareCloud make?

CareCloud (NASDAQ:MTBC) has a market capitalization of $54.74 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.

How many employees does CareCloud have?

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

This page (NASDAQ:MTBC) was last updated on 8/11/2022 by MarketBeat.com Staff

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