CareCloud Inc [CCLD] stock prices are up 0.32% to $3.11 at the moment. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The CCLD shares have gain 15.19% over the last week, with a monthly amount glided 34.05%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
CareCloud Inc [NASDAQ: CCLD] stock has seen the most recent analyst activity on November 13, 2024, when ROTH MKM downgraded its rating to a Neutral and also revised its price target to $3.50 from $5.
The stock price of CareCloud Inc [CCLD] has been fluctuating between $0.68 and $3.88 over the past year. Currently, Wall Street analysts expect the stock to reach $3 within the next 12 months. CareCloud Inc [NASDAQ: CCLD] shares were valued at $3.11 at the most recent close of the market. An investor can expect a potential drop of -3.54% based on the average CCLD price forecast.
Analyzing the CCLD fundamentals
The CareCloud Inc [NASDAQ:CCLD] reported sales of 111.01M for trailing twelve months, representing a drop of -2.51%. Gross Profit Margin for this corporation currently stands at 0.36% with Operating Profit Margin at 0.05%, Pretax Profit Margin comes in at -0.36%, and Net Profit Margin reading is -0.35%. To continue investigating profitability, this company’s Return on Assets is posted at -0.55, Equity is -0.91 and Total Capital is 0.1. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.01.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 2.98 points at the first support level, and at 2.84 for the second support level. However, for the 1st resistance point, the stock is sitting at 3.27, and for the 2nd resistance point, it is at 3.42.
Ratios To Look Out For
It’s worth pointing out that CareCloud Inc [NASDAQ:CCLD]’s Current Ratio is 1.03. In addition, the Quick Ratio stands at 1.01 and the Cash Ratio stands at 0.13. Considering the valuation of this stock, the price to sales ratio is 0.46, the price to book ratio is 1.08.
Transactions by insiders
Recent insider trading involved HAQ MAHMUD UL, Executive Chairman, that happened on Dec 29 ’23 when 32500.0 shares were purchased. Executive Chairman, HAQ MAHMUD UL completed a deal on Dec 22 ’23 to buy 0.22 million shares. Meanwhile, Executive Chairman HAQ MAHMUD UL bought 0.13 million shares on Dec 21 ’23.
