CareCloud Inc (NASDAQ: CCLD) is 46.71% higher on its value in year-to-date trading and has touched a low of $0.68 and a high of $3.58 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The CCLD stock was last observed hovering at around $1.83 in the last trading session, with the day’s gains setting it 0.4%.
Currently trading at $2.23, the stock is 82.86% and 82.89% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.82 million and changing 21.86% at the moment leaves the stock 68.07% off its SMA200. CCLD registered -31.70% loss for a year compared to 6-month loss of 87.39%.
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The stock witnessed a 92.24% gain in the last 1 month and extending the period to 3 months gives it a 55.94%, and is 106.48% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 39.95% over the week and 14.13% over the month.
CareCloud Inc (CCLD) has around 3600 employees, a market worth around $35.95M and $113.02M in sales. Profit margin for the company is -53.32%. Distance from 52-week low is 227.94% and -37.69% from its 52-week high. The company has generated returns on investments over the last 12 months (-114.19%).
The EPS is expected to grow by 99.88% this year
The shares outstanding are 15.88M, and float is at 8.25M with Short Float at 0.98%.
CareCloud Inc (CCLD) Insider Activity
The most recent transaction is an insider purchase by HAQ MAHMUD UL, the company’s Executive Chairman. SEC filings show that HAQ MAHMUD UL bought 32,500 shares of the company’s common stock on Dec 29 ’23 at a price of $1.53 per share for a total of $49725.0. Following the purchase, the insider now owns 5.03 million shares.
CareCloud Inc disclosed in a document filed with the SEC on Dec 22 ’23 that HAQ MAHMUD UL (Executive Chairman) bought a total of 217,824 shares of the company’s common stock. The trade occurred on Dec 22 ’23 and was made at $1.57 per share for $0.34 million. Following the transaction, the insider now directly holds 5.0 million shares of the CCLD stock.
Still, SEC filings show that on Dec 21 ’23, HAQ MAHMUD UL (Executive Chairman) acquired 132,500 shares at an average price of $1.19 for $0.16 million. The insider now directly holds 4,784,196 shares of CareCloud Inc (CCLD).
