CareCloud Inc (NASDAQ: CCLD) is -61.20% lower on its value in year-to-date trading and has touched a low of $1.01 and a high of $4.84 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The CCLD stock was last observed hovering at around $1.38 in the last trading session, with the day’s gains setting it 0.04%.
Currently trading at $1.42, the stock is 2.34% and -39.12% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.13 million and changing 2.90% at the moment leaves the stock -46.92% off its SMA200. CCLD registered 22.41% gain for a year compared to 6-month loss of -43.20%. The firm has a 50-day simple moving average (SMA 50) of $2.3323 and a 200-day simple moving average (SMA200) of $2.675105.
The stock witnessed a -13.94% gain in the last 1 month and extending the period to 3 months gives it a -46.42%, and is 13.60% 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 8.93% over the week and 9.69% over the month.
CareCloud Inc (CCLD) has around 3650 employees, a market worth around $60.09M and $110.84M in sales. Fwd P/E is 6.98. Profit margin for the company is -2.84%. Distance from 52-week low is 40.59% and -70.66% from its 52-week high. The company has generated returns on investments over the last 12 months (-6.10%).
The EPS is expected to grow by 140.48% this year
36.0 institutions hold shares in CareCloud Inc (CCLD), with institutional investors hold 5.25% of the company’s shares. The shares outstanding are 42.32M, and float is at 21.59M with Short Float at 1.81%. Institutions hold 4.30% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 0.44 million shares valued at $0.84 million. The investor’s holdings represent 2.7039 of the CCLD Shares outstanding. As of 2024-06-30, the second largest holder is BRIDGEWAY CAPITAL MANAGEMENT, LLC with 0.27 million shares valued at $0.51 million to account for 1.6587 of the shares outstanding. The other top investors are APOLLO MANAGEMENT HOLDINGS, L.P. which holds 0.21 million shares representing 1.3008 and valued at over $0.4 million, while GEODE CAPITAL MANAGEMENT, LLC holds 0.7088 of the shares totaling 0.11 million with a market value of $0.22 million.
CareCloud Inc (CCLD) Insider Activity
The most recent transaction is an insider sale by DALY JOHN N, the company’s Director. SEC filings show that DALY JOHN N sold 5,000 shares of the company’s common stock on Dec 31 ’24 at a price of $3.87 per share for a total of $19350.0. Following the sale, the insider now owns 61750.0 shares.
Still, SEC filings show that on Dec 11 ’24, MUNTER CAMERON (Director) disposed off 30,000 shares at an average price of $4.10 for $0.12 million. The insider now directly holds 159,000 shares of CareCloud Inc (CCLD).
