The trading price of CareCloud Inc (NASDAQ:CCLD) closed higher on Tuesday, May 06, and closing at $2.14, 22.29% higher than its previous close.
In examining the 52-week price action we see that the stock hit a 52-week high of $4.84 and a 52-week low of $1.04. Over the past month, the stock has gained 69.84% in value.
CareCloud Inc, whose market valuation is $90.56 million at the time of this writing, is expected to release its quarterly earnings report in June. Investors’ optimism about the company’s current quarter earnings report is understandable.
On the technical side, indicators suggest CCLD has a 50% Sell on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 50% Sell, while an average of long term indicators suggests that the stock is currently 50% Sell.
Here is the average analyst rating on the stock as represented by 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock should be considered as either strong buy or strong sell respectively. The number of analysts that have assigned CCLD a recommendation rating is 2. Out of them, 0 rate it a Hold, while 2 recommend Buy, whereas 0 assign an Overweight rating. 0 analyst(s) have tagged CareCloud Inc (CCLD) as Underweight, while 0 advise Sell. Analysts have rated the stock Buy, likely urging investors to take advantage of the opportunity to add to their holdings of the company’s shares.
A quick review shows that CCLD’s price is currently 37.03% off the SMA20 and 20.37% off the SMA50. The RSI metric on the 14-day chart is currently showing 66.10, and weekly volatility stands at 13.77%. When measured over the past 30 days, the indicator reaches 10.66%. CareCloud Inc (NASDAQ:CCLD)’s beta value is currently sitting at 2.06, while the Average True Range indicator is currently displaying 0.19. With analysts defining $1.5-$1.5 as the low and high price targets, we arrive at a consensus price target of $1.5 for the trailing 12-month period. The current price is about 29.91% off the estimated low and 29.91% off the forecast high, based on this estimate. Investors will be thrilled if CCLD’s share price rises to $1.5, which is the median consensus price. At that level, CCLD’s share price would be 29.91% above current price.
To see how CareCloud Inc stock has been performing in comparison to its peers in the industry, here are the numbers: CCLD stock’s performance was 22.29% in the latest trading, and 92.79% in the past year.
An evaluation of the daily trading volume of CareCloud Inc (NASDAQ:CCLD) indicates that the 3-month average is 975.33K.
Currently, records show that 42.32 million of the company’s shares remain outstanding. The insiders hold 48.99% of outstanding shares, whereasinstitutions hold 4.84%. However, since the stock’s price has seen -41.53% year-to-date, investors’ interest is likely to be reignited due to its potential to move even lower.
