CareCloud Inc (NASDAQ:CCLD) shares, rose in value on Thursday, April 16, with the stock price up by 2.90% to the previous day’s close as strong demand from buyers drove the stock to $1.42.
Actively observing the price movement in the last trading, the stock closed the session at $1.38, falling within a range of $1.39 and $1.43. The value of beta (5-year monthly) was 2.009. Referring to stock’s 52-week performance, its high was $4.84, and the low was $1.01. On the whole, CCLD has fluctuated by -13.94% over the past month.
With the market capitalization of CareCloud Inc currently standing at about $60.09 million, investors are eagerly awaiting this quarter’s results, scheduled for on 2025-Mar-12.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 112.37M, with a low estimate of 24.51M and a high estimate of 26.74M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 25.94M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that CCLD’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium-term indicators have put the stock in the category of 100% Sell while long-term indicators on average have been pointing out that it is a 50% Sell.
The stock’s technical analysis shows that the price of CCLD currently trading nearly 2.34% and -39.12% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 41.68, while the 7-day volatility ratio is showing 8.93% which for the 30-day chart, stands at 9.69%. Furthermore, CareCloud Inc (CCLD)’s beta value is 2.03, and its average true range (ATR) is 0.18.
A comparison of CareCloud Inc (CCLD) with its peers suggests the former has fared considerably weaker in the market. CCLD showed an intraday change of 2.90% in last session, and over the past year, it grew by 22.41%%.
Data on historical trading for CareCloud Inc (NASDAQ:CCLD) indicates that the trading volumes over the past 10 days have averaged 0.54 and over the past 3 months, they’ve averaged 905.54K. According to company’s latest data on outstanding shares, there are 42.32 million shares outstanding.
Nearly 48.99% of CareCloud Inc’s shares belong to company insiders and institutional investors own 3.88% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 0.39 million shares as on 2025-03-31, resulting in a short ratio of 0.19. According to the data, the short interest in CareCloud Inc (CCLD) stood at 109.00 of shares outstanding as of 2025-03-31; the number of short shares registered in 2025-02-28 reached 0.13 million. The stock has fallen by -61.20% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the CCLD stock heading into the next quarter.
