Should I buy or sell CareCloud stock right now?

4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for CareCloud in the last twelve months. There are currently 2 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" CCLD shares. View CCLD analyst ratings or view top-rated stocks .

What is CareCloud's stock price target for 2024?

4 Wall Street research analysts have issued 12-month target prices for CareCloud's shares. Their CCLD share price targets range from $3.00 to $3.50. On average, they anticipate the company's stock price to reach $3.17 in the next twelve months. This suggests a possible upside of 177.8% 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 2024?

CareCloud's stock was trading at $1.52 at the beginning of 2024. Since then, CCLD shares have decreased by 25.0% and is now trading at $1.14. View the best growth stocks for 2024 here .

Are investors shorting CareCloud?

CareCloud saw a decrease in short interest in March. As of March 31st, there was short interest totaling 109,300 shares, a decrease of 15.2% from the March 15th total of 128,900 shares. Based on an average daily volume of 49,500 shares, the days-to-cover ratio is presently 2.2 days. Approximately 1.3% of the company's stock are short sold. View CareCloud's Short Interest .

When is CareCloud's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, May 2nd 2024. View our CCLD earnings forecast .

How were CareCloud's earnings last quarter?

CareCloud, Inc. (NASDAQ:CCLD) posted its earnings results on Thursday, March, 21st. The company reported ($3.00) earnings per share for the quarter, missing analysts' consensus estimates of ($0.40) by $2.60. The company had revenue of $28.42 million for the quarter. CareCloud had a negative trailing twelve-month return on equity of 60.57% and a negative net margin of 41.58%.

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

CareCloud updated its FY 2024 earnings guidance on Thursday, March, 21st. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $118.0 million-$120.0 million, compared to the consensus revenue estimate of $124.7 million.

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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here .

NASDAQ:CCLD

CareCloud (CCLD) Stock Price, News & Analysis

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Free CCLD Stock Alerts

$1.14

-0.01 (-0.87%)

(As of 04/19/2024 ET)

Compare

Today's Range: $1.11
▼
$1.16
50-Day Range: $1.11
▼
$1.53
52-Week Range: $0.68
▼
$3.58

Volume: 13,354 shs
Average Volume: 49,093 shs
Market Capitalization: $18.38 million

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $3.17

Get CareCloud alerts:

CareCloud MarketRank™ Stock Analysis

Analyst Rating: Moderate Buy
2.50 Rating Score
Upside/Downside: 177.8% Upside
$3.17 Price Target
Short Interest: Healthy
1.34% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.91
Based on 2 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: Growing
From ($0.86) to ($0.50) Per Share

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.16 out of 5 stars

Medical Sector

324th out of 911 stocks

Prepackaged Software Industry

98th out of 197 stocks

3.3

Analyst's Opinion

Consensus Rating
CareCloud has received a consensus rating of Moderate Buy. The company's average rating score is 2.50, and is based on 2 buy ratings, 2 hold ratings, and no sell ratings.
Amount of Analyst Coverage
CareCloud has only been the subject of 2 research reports in the past 90 days.

5.0

Short Interest

Percentage of Shares Shorted
1.34% 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 2.2, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in CareCloud has recently decreased by 15.21%, indicating that investor sentiment is improving significantly.

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.

2.7

News and Social Media Coverage

News Sentiment
CareCloud has a news sentiment score of 0.91. 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 0.52 average news sentiment score of Medical companies.
News Coverage This Week
MarketBeat has tracked 2 news articles for CareCloud this week, compared to 1 article on an average week.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, CareCloud insiders have not sold or bought any 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 10.16% 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 ($0.86) to ($0.50) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of CareCloud is -0.28, 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 -0.28, 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 0.43. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

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About CareCloud Stock (NASDAQ:CCLD)

CareCloud, Inc., a healthcare information technology (IT) company, provides a suite of cloud-based solutions and related business services to healthcare providers and hospitals primarily in the United States. It operates in two segments, Healthcare IT and Medical Practice Management. The company's portfolio of proprietary software and business services includes technology-enabled business solutions; cloud-based software; digital health services; healthcare IT professional services and staffing; and medical practice management services. Its technology-enabled business solutions comprise revenue cycle management services, healthcare claims clearinghouse, and medical coding and credentialing services; electronic health records, practice management software and related capabilities, patient experience management solutions, business intelligence and healthcare analytics platforms, and customized applications, interfaces, and various other technology solutions, as well as artificial intelligence, such as CareCloud cirrusAI, AI-powered clinical decision support, AI-powered virtual support assistant, AI-driven appeals, and CareCloud cirrusAI. In addition, the company provides chronic care management, remote patient monitoring, and telemedicine solutions; and professional and consulting services, workforce augmentation and on-demand staffing, and strategic advisory services. Further, it offers medical practice management services to medical practices comprising appropriate facilities, equipment, supplies, support services, nurses, and administrative support staff, as well as management, bill-paying, and financial advisory services. It serves physicians, nurses, nurse practitioners, physician assistants, and other clinicians that render bills for their services. The company was formerly known as MTBC, Inc. and changed its name to CareCloud, Inc. in March 2021. CareCloud, Inc. was founded in 1999 and is headquartered in Somerset, New Jersey.

CCLD Stock Price History

30 days | 90 days | 365 days | Advanced Chart

CCLD Stock News Headlines

April 17, 2024 | finance.yahoo.com

CareCloud to Showcase Cutting-Edge Healthcare Technology Solutions at the 2024 Kansas MGMA Conference

April 17, 2024 | globenewswire.com

CareCloud to Showcase Cutting-Edge Healthcare Technology Solutions at the 2024 Kansas MGMA Conference

April 20, 2024 | Altimetry (Ad)

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April 8, 2024 | finance.yahoo.com

CareCloud’s medSR division to Showcase Consultation and Implementation Services at Becker’s Annual Conference

March 28, 2024 | stockhouse.com

Jersey Hydreight Selects CareCloud's talkUltimate to Elevate Patient Experiences and Streamline Administrative Processes

March 24, 2024 | finance.yahoo.com

Analysts Have Been Trimming Their CareCloud, Inc. (NASDAQ:CCLD) Price Target After Its Latest Report

March 22, 2024 | finanznachrichten.de

CareCloud, Inc: CareCloud Reports Full Year 2023 Results

March 22, 2024 | finance.yahoo.com

CareCloud, Inc. (NASDAQ:CCLD) Q4 2023 Earnings Call Transcript

April 20, 2024 | Altimetry (Ad)

Secret Bull Market Starts in This Unusual Sector

March 22, 2024 | finance.yahoo.com

Is There An Opportunity With CareCloud, Inc.'s (NASDAQ:CCLD) 42% Undervaluation?

March 21, 2024 | markets.businessinsider.com

CareCloud is about to announce its earnings — here's what Wall Street expects

March 21, 2024 | msn.com

CareCloud reports mixed Q4 results; initiates FY24 outlook

March 21, 2024 | finance.yahoo.com

CareCloud Reports Full Year 2023 Results

March 11, 2024 | globenewswire.com

CareCloud to Showcase its Generative AI Solutions and Tech-Enabled RCM at the 2024 HIMSS Conference and Exhibition

March 4, 2024 | finance.yahoo.com

CareCloud To Announce Fourth-Quarter and Full-Year 2023 Results on March 21, 2024

February 22, 2024 | globenewswire.com

CareCloud to Unveil Cutting-edge Healthcare Solutions at Vive 2024, Showcasing Innovation and Leadership in Digital Health

February 2, 2024 | stockhouse.com

CareCloud's Managed Practice Pediatric Associates of Dayton Joins Dayton Children's Network

January 22, 2024 | finance.yahoo.com

CareCloud Elevates Pathology Practice siParadigm with Cutting-Edge CareCloud Central Platform

January 2, 2024 | finanznachrichten.de

CareCloud, Inc: Kovo HealthTech Partners with CareCloud for Electronic Health Records, Practice Management, and Credentialing Support

January 2, 2024 | finance.yahoo.com

Kovo HealthTech Partners with CareCloud for Electronic Health Records, Practice Management, and Credentialing Support

December 24, 2023 | finance.yahoo.com

Mahmud Haq Bought 11% More Shares In CareCloud

December 23, 2023 | benzinga.com

CareCloud Stock (NASDAQ:CCLD) Dividends: History, Yield and Dates

December 23, 2023 | finance.yahoo.com

Executive Chairman Mahmud Haq Acquires 500,000 Shares of CareCloud Inc

December 11, 2023 | finance.yahoo.com

CareCloud Launches Redesigned and Enhanced Comprehensive Solution for Rehabilitation and Therapy Practices

November 29, 2023 | finance.yahoo.com

Broadway Foot & Ankle Clinic Adds CareCloud Concierge for Tech-Enabled RCM

November 16, 2023 | benzinga.com

CareCloud Director Trades Company's Stock

November 3, 2023 | finance.yahoo.com

CareCloud, Inc. (NASDAQ:CCLD) Q3 2023 Earnings Call Transcript

See More Headlines

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Company Calendar

Last Earnings: 3/21/2024
Today: 4/19/2024
Next Earnings (Estimated): 5/02/2024
Fiscal Year End: 12/31/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NASDAQ
Sector: Medical
Industry: Prepackaged software
Sub-Industry: N/A
Current Symbol: NASDAQ:CCLD
Previous Symbol: NASDAQ:MTBCP
CUSIP: N/A
CIK: 1582982
Web: www.carecloud.com
Phone: (732) 873-5133
Fax: 732-873-3378
Employees: 3,600
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: $3.17
High Stock Price Target: $3.50
Low Stock Price Target: $3.00
Potential Upside/Downside: +177.8%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.50
Research Coverage: 4 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($4.07)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $-48,670,000.00
Net Margins: -41.58%
Pretax Margin: -41.89%
Return on Equity: -60.57%
Return on Assets: -42.18%

Debt

Debt-to-Equity Ratio: 0.24
Current Ratio: 1.00
Quick Ratio: 0.98

Sales & Book Value

Annual Sales: $117.06 million
Price / Sales: 0.16
Cash Flow: $0.64 per share
Price / Cash Flow: 1.78
Book Value: $2.63 per share
Price / Book: 0.43

Miscellaneous

Outstanding Shares: 16,120,000
Free Float: 10,573,000
Market Cap: $18.38 million
Optionable: Optionable
Beta: 1.10

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Key Executives

Mr. A. Hadi Chaudhry (Age 47)
President, CEO & Director
Comp: $615k
Mr. Norman S. Roth (Age 68)
Interim CFO, Principal Accounting Officer & Controller
Mr. Steve Link
Chief Operating Officer
Mr. Adeel Sarwar
Chief Technology Officer
Ms. Nathalie Garcia
Chief Compliance Officer & Corporate Counsel
Chantelle Melendez
Corporate Counsel
Kaitlyn Mode
Corporate Communications Manager
Mr. Mike Cuesta
Chief Marketing Officer
Mr. Justin Pierce
Chief Sales Officer
Ms. Elizabeth Ferrer
Vice President of Human Resources

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

CCLD Stock Analysis - Frequently Asked Questions

Should I buy or sell CareCloud stock right now?: 4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for CareCloud in the last twelve months. There are currently 2 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" CCLD shares.
View CCLD analyst ratings or view top-rated stocks.
What is CareCloud's stock price target for 2024?: 4 Wall Street research analysts have issued 12-month target prices for CareCloud's shares. Their CCLD share price targets range from $3.00 to $3.50. On average, they anticipate the company's stock price to reach $3.17 in the next twelve months. This suggests a possible upside of 177.8% 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 2024?: CareCloud's stock was trading at $1.52 at the beginning of 2024. Since then, CCLD shares have decreased by 25.0% and is now trading at $1.14.
View the best growth stocks for 2024 here.
Are investors shorting CareCloud?: CareCloud saw a decrease in short interest in March. As of March 31st, there was short interest totaling 109,300 shares, a decrease of 15.2% from the March 15th total of 128,900 shares. Based on an average daily volume of 49,500 shares, the days-to-cover ratio is presently 2.2 days. Approximately 1.3% of the company's stock are short sold.
View CareCloud's Short Interest.

When is CareCloud's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, May 2nd 2024.
View our CCLD earnings forecast.
How were CareCloud's earnings last quarter?: CareCloud, Inc. (NASDAQ:CCLD) posted its earnings results on Thursday, March, 21st. The company reported ($3.00) earnings per share for the quarter, missing analysts' consensus estimates of ($0.40) by $2.60. The company had revenue of $28.42 million for the quarter. CareCloud had a negative trailing twelve-month return on equity of 60.57% and a negative net margin of 41.58%.
What guidance has CareCloud issued on next quarter's earnings?: CareCloud updated its FY 2024 earnings guidance on Thursday, March, 21st. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $118.0 million-$120.0 million, compared to the consensus revenue estimate of $124.7 million.
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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:CCLD) was last updated on 4/20/2024 by MarketBeat.com Staff

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