Taking the lead: CareCloud Inc (CCLD)

With 0.94 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.17 million shares. The 52-week range on CCLD shows that it touched its highest point at $4.84 and its lowest point at $1.01 during that stretch. It currently has a 1-year price target of $5.24. Beta for the stock currently stands at 1.91.

Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of CCLD was down-trending over the past week, with a drop of -45.10%, but this was down by -58.82% over a month. Three-month performance dropped to -52.00% while six-month performance fell -32.80%. The stock gained 26.32% in the past year, while it has lost -54.10% so far this year. A look at the trailing 12-month EPS for CCLD yields -3.19 with Next year EPS estimates of -0.21. For the next quarter, that number is -0.06. This implies an EPS growth rate of 93.14% for this year and 26.95% for next year. EPS is expected to grow by 62.03% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -47.21%.

Float and Shares Shorts:

At present, 16.22 million CCLD shares are outstanding with a float of 8.29 million shares on hand for trading.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for CCLD since 2 analysts follow the stock currently. There are 2 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 0 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of -$0.27745 being high and -$0.28655 being low. For CCLD, this leads to a yearly average estimate of -$0.282. Based on analyst estimates, the high estimate for the next quarter is $0.16 and the low estimate is $0.15. The average estimate for the next quarter is thus $0.16.