CareCloud (CCLD) Stock Price, News & Analysis

Company Overview

CareCloud, Inc., a healthcare information technology (IT) company, provides a suite of cloud-based solutions and related business services to healthcare providers and hospitals primarily in the United States. It operates in two segments, Healthcare IT and Medical Practice Management. The company's portfolio of proprietary software and business services includes technology-enabled business solutions; cloud-based software; digital health services; healthcare IT professional services and staffing; and medical practice management services. Its technology-enabled business solutions comprise revenue cycle management services, healthcare claims clearinghouse, and medical coding and credentialing services; electronic health records, practice management software and related capabilities, patient experience management solutions, business intelligence and healthcare analytics platforms, and customized applications, interfaces, and various other technology solutions, as well as artificial intelligence, such as CareCloud cirrusAI, AI-powered clinical decision support, AI-powered virtual support assistant, AI-driven appeals, and CareCloud cirrusAI. In addition, the company provides chronic care management, remote patient monitoring, and telemedicine solutions; and professional and consulting services, workforce augmentation and on-demand staffing, and strategic advisory services. Further, it offers medical practice management services to medical practices comprising appropriate facilities, equipment, supplies, support services, nurses, and administrative support staff, as well as management, bill-paying, and financial advisory services. It serves physicians, nurses, nurse practitioners, physician assistants, and other clinicians that render bills for their services. The company was formerly known as MTBC, Inc. and changed its name to CareCloud, Inc. in March 2021. CareCloud, Inc. was founded in 1999 and is headquartered in Somerset, New Jersey.

Key Stats

• Today's Range: $2.59 to $2.87
• 50-Day Range: $2.30 to $3.17
• 52-Week Range: $0.68 to $3.88
• Volume: 101,936 shs
• Average Volume: 561,147 shs
• Market Capitalization: $46.48 million
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $3.67
• Consensus Rating: Moderate Buy

CareCloud Stock Analysis - MarketRank™

CareCloud scored higher than 73% of companies evaluated by MarketBeat, and ranked 296th out of 952 stocks in the medical sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.3 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

CareCloud has received a consensus rating of Moderate Buy. The company's average rating score is 2.50, and is based on 2 buy ratings, 2 hold ratings, and no sell ratings.

Amount of Analyst Coverage

CareCloud has only been the subject of 3 research reports in the past 90 days.

Earnings and Valuation

• Score: 2.5 / 5
• Proj. Earnings Growth: 17.24%

Earnings Growth

Earnings for CareCloud are expected to grow by 17.24% in the coming year, from $0.58 to $0.68 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of CareCloud is -0.89, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of CareCloud is -0.89, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Book Value per Share Ratio

CareCloud has a P/B Ratio of 1.00. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: 5.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

0.61% of the float of CareCloud has been sold short.

Short Interest Ratio / Days to Cover

CareCloud has a short interest ratio ("days to cover") of 0.6, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in CareCloud has recently decreased by 17.72%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

CareCloud does not currently pay a dividend.

Dividend Growth

CareCloud does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

0.61% of the float of CareCloud has been sold short.

Short Interest Ratio / Days to Cover

CareCloud has a short interest ratio ("days to cover") of 0.6, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in CareCloud has recently decreased by 17.72%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 0.8 / 5
• News Sentiment: -0.59

News Sentiment

CareCloud has a news sentiment score of -0.59. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.46 average news sentiment score of Medical companies.

News Coverage This Week

MarketBeat has tracked 4 news articles for CareCloud this week, compared to 1 article on an average week.

Search Interest

Only 1 people have searched for CCLD on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, CareCloud insiders have not sold or bought any company stock.

Percentage Held by Insiders

38.30% of the stock of CareCloud is held by insiders. A high percentage of insider ownership can be a sign of company health.

Percentage Held by Institutions

Only 10.16% of the stock of CareCloud is held by institutions.

CCLD Stock Analysis - Frequently Asked Questions

How have CCLD shares performed this year?

CareCloud's stock was trading at $1.52 at the beginning of 2024. Since then, CCLD stock has increased by 87.5% and is now trading at $2.85.
View the best growth stocks for 2024 here.

How were CareCloud's earnings last quarter?

CareCloud, Inc. (NASDAQ:CCLD) released its quarterly earnings results on Tuesday, May, 14th. The company reported ($0.02) earnings per share for the quarter, beating the consensus estimate of ($0.32) by $0.30. The firm had revenue of $25.96 million for the quarter, compared to analysts' expectations of $26.55 million. CareCloud had a negative trailing twelve-month return on equity of 87.98% and a negative net margin of 35.25%.

Who are CareCloud's major shareholders?

CareCloud's top institutional investors include Geode Capital Management LLC (0.66%) and XTX Topco Ltd (0.10%). Insiders that own company stock include Anne Busquet and Lawrence Steven Sharnak.
View institutional ownership trends.

How do I buy shares of CareCloud?

Shares of CCLD stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of CareCloud own?

Based on aggregate information from My MarketBeat watchlists, some other companies that CareCloud investors own include Coca-Cola (KO), Kinder Morgan (KMI), Taiwan Semiconductor Manufacturing (TSM), Broadcom (AVGO), QUALCOMM (QCOM), Annaly Capital Management (NLY) and ONEOK (OKE).

Company Calendar

• Last Earnings: 5/14/2024
• Today: 11/21/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 3/20/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Medical
• Industry: Prepackaged software
• Sub-Industry: Computer Software
• Current Symbol: NASDAQ:CCLD
• Previous Symbol: NASDAQ:MTBCP
• CUSIP: N/A
• CIK: 1582982
• Web: www.carecloud.com
• Phone: (732) 873-5133
• Fax: 732-873-3378
• Employees: 3,600
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $3.67
• High Stock Price Target: $4.50
• Low Stock Price Target: $3.00
• Potential Upside/Downside: +34.8%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.50
• Research Coverage: 4 Analysts

Profitability

• EPS (Most Recent Fiscal Year): ($3.20)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: 4.69
• P/E Growth: N/A
• Net Income: $-48,670,000.00
• Net Margins: -35.25%
• Pretax Margin: -35.66%
• Return on Equity: -87.98%
• Return on Assets: -50.79%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 1.03
• Quick Ratio: 1.01

Sales & Book Value

• Annual Sales: $117.06 million
• Price / Sales: 0.38
• Cash Flow: $0.63 per share
• Price / Cash Flow: 4.29
• Book Value: $2.86 per share
• Price / Book: 0.95

Miscellaneous

• Outstanding Shares: 16,250,000
• Free Float: 10,027,000
• Market Cap: $44.20 million
• Optionable: Optionable
• Beta: 1.37