Carecloud Stock Price on June 17, 2024
| CCLDO Stock | 18.20 0.43 2.42% |
If you're considering investing in CareCloud Stock, it is important to understand the factors that can impact its price. As of today, the current price of CareCloud stands at 18.20, as last reported on the 11th of December 2024, with the highest price reaching 18.26 and the lowest price hitting 17.26 during the day. CareCloud appears to be somewhat reliable, given 3 months investment horizon. CareCloud secures Sharpe Ratio (or Efficiency) of 0.13, which signifies that the company had a 0.13% return per unit of risk over the last 3 months. By analyzing CareCloud's technical indicators, you can evaluate if the expected return of 0.65% is justified by implied risk. Please makes use of CareCloud's Downside Deviation of 2.66, risk adjusted performance of 0.1136, and Mean Deviation of 2.43 to double-check if our risk estimates are consistent with your expectations.
As of the 11th of December 2024, Total Stockholder Equity is likely to drop to about 40.8 M. In addition to that, Common Stock Shares Outstanding is likely to drop to about 12.9 M. As of the 11th of December 2024, Price Earnings To Growth Ratio is likely to grow to 0.0004, while Price To Sales Ratio is likely to drop 0.19. CareCloud Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
CareCloud |
Sharpe Ratio = 0.13
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Estimated Market Risk
| 4.99 actual daily | 44 56% of assets are more volatile |
Expected Return
| 0.65 actual daily | 12 88% of assets have higher returns |
Risk-Adjusted Return
| 0.13 actual daily | 10 90% of assets perform better |
Based on monthly moving average CareCloud is performing at about 10% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of CareCloud by adding it to a well-diversified portfolio.
Book Value 2.627 | Enterprise Value 280.1 M | Shares Float 8.5 M | Shares Short Prior Month 1.9 K | Shares Short 1.5 K |
CareCloud Valuation on June 17, 2024
It is possible to determine the worth of CareCloud on a given historical date. On June 17, 2024 CareCloud was worth 13.33 at the beginning of the trading date compared to the closed value of 13.24. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of CareCloud stock. Still, in general, we apply an absolute valuation method to find CareCloud's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of CareCloud where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against CareCloud's related companies.
| Open | High | Low | Close | Volume | |
| 13.12 | 13.26 | 12.50 | 13.00 | 5,600 | |
06/17/2024 | 13.33 | 13.33 | 12.90 | 13.24 | 1,000.00 |
| 12.82 | 13.24 | 11.64 | 12.64 | 9,324 |
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CareCloud Trading Date Momentum on June 17, 2024
| On June 18 2024 CareCloud was traded for 12.64 at the closing time. The highest daily price throughout the period was 13.24 and the lowest price was 11.64 . The daily volume was 9.3 K. The net trading volume on 06/18/2024 added to the next day price reduction. The overall trading delta to closing price of the next trading day was 4.53% . The overall trading delta to current closing price is 25.98% . |
CareCloud Fundamentals Correlations and Trends
By evaluating CareCloud's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among CareCloud's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. CareCloud financial account trend analysis is a perfect complement when working with valuation or volatility modules.About CareCloud Stock history
CareCloud investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for CareCloud is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in CareCloud will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing CareCloud stock prices may prove useful in developing a viable investing in CareCloud
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 15.7 M | 12.9 M | |
| Net Loss | -11.6 M | -12.2 M |
CareCloud Stock Technical Analysis
CareCloud technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
CareCloud Period Price Range
Low | December 11, 2024
| High |
0.00 | 0.00 |
CareCloud cannot be verified against its exchange. Please verify the symbol is currently traded on NASDAQ Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
CareCloud December 11, 2024 Market Strength
Market strength indicators help investors to evaluate how CareCloud stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading CareCloud shares will generate the highest return on investment. By undertsting and applying CareCloud stock market strength indicators, traders can identify CareCloud entry and exit signals to maximize returns
CareCloud Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for CareCloud's price direction in advance. Along with the technical and fundamental analysis of CareCloud Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of CareCloud to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.1136 | |||
| Jensen Alpha | 0.8028 | |||
| Total Risk Alpha | (0.07) | |||
| Sortino Ratio | 0.2208 | |||
| Treynor Ratio | (0.80) |
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Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in CareCloud. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in unemployment. To learn how to invest in CareCloud Stock, please use our How to Invest in CareCloud guide.You can also try the Idea Analyzer module to analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas.
Is Health Care Equipment & Supplies space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of CareCloud. If investors know CareCloud will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about CareCloud listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Revenue Per Share 7.008 | Quarterly Revenue Growth (0.04) | Return On Assets (0.0006) | Return On Equity (0.66) |
The market value of CareCloud is measured differently than its book value, which is the value of CareCloud that is recorded on the company's balance sheet. Investors also form their own opinion of CareCloud's value that differs from its market value or its book value, called intrinsic value, which is CareCloud's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because CareCloud's market value can be influenced by many factors that don't directly affect CareCloud's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between CareCloud's value and its price as these two are different measures arrived at by different means. Investors typically determine if CareCloud is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, CareCloud's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.