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How to buy CareCloud stock in Canada | $8.41
Own CareCloud shares in just a few minutes.
CareCloud is a health information services business based in the US. CareCloud stocks (MTBC.US) are listed on the NASDAQ and all prices are listed in US Dollars. Its last market close was $8.78 – an increase of 4.6% over the previous week. CareCloud employs 3,700 staff and has a trailing 12-month revenue of around $113 million.
How to buy CareCloud stock in Canada
- Choose a platform. If you're a beginner, our stock trading table below can help you choose.
- Open your account. You'll need your ID, bank details and national insurance number.
- Confirm your payment details. You'll need to fund your account with a bank transfer, debit card or credit card.
- Search the platform for stock code: MTBC in this case.
- Research CareCloud stocks. The platform should provide the latest information available.
- Buy your CareCloud stocks. It's that simple.
What's in this guide?
- Can I buy shares in CareCloud?
- Has coronavirus impacted CareCloud shares?
- CareCloud shares summary
- Compare share dealing platforms
- Is CareCloud stock a buy or sell?
- CareCloud performance over time
- Can I short CareCloud shares?
- Are CareCloud shares over-valued?
- CareCloud's financials
- How volatile are CareCloud shares?
- Does CareCloud pay a dividend?
- Other common questions
How has Coronavirus impacted CareCloud's stock price?
Since the stock market crash in March caused by coronavirus, CareCloud's stock price has had significant positive movement.
Its last market close was $8.41, which is 19.86% up on its pre-crash value of $6.74 and 123.67% up on the lowest point reached during the March crash when the stocks fell as low as $3.76.
If you had bought $1,000 worth of CareCloud stocks at the start of February 2020, those stocks would have been worth $1,055.01 at the bottom of the March crash, and if you held on to them, then as of the last market close they'd be worth $1,712.86.
CareCloud stock priceUse our graph to track the performance of MTBC stocks over time.
CareCloud stocks at a glance
|Latest market close||$8.41|
|52-week range||$7.35 - $13.4|
|50-day moving average||$8.2906|
|200-day moving average||$8.9187|
|Wall St. target price||$16.71|
|Dividend yield||N/A (0%)|
|Earnings per share (TTM)||$-0.778|
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Note: The dollar amounts in the table below are in Canadian dollars.
Is it a good time to buy CareCloud stock?
The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.
CareCloud price performance over time
|1 month (2021-07-02)||3.32%|
|3 months (2021-05-04)||11.98%|
Is CareCloud under- or over-valued?
Valuing CareCloud stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of CareCloud's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.
CareCloud's PEG ratio
CareCloud's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 1.3176. A low ratio can be interpreted as meaning the stocks offer better value, while a higher ratio can be interpreted as meaning the stocks offer worse value.
The PEG ratio provides a broader view than just the P/E ratio, as it gives more insight into CareCloud's future profitability. By accounting for growth, it could also help you if you're comparing the stock prices of multiple high-growth companies.
CareCloud's EBITDA (earnings before interest, taxes, depreciation and amortisation) is USD$5.2 million.
The EBITDA is a measure of a CareCloud's overall financial performance and is widely used to measure a its profitability.
|Revenue TTM||USD$113 million|
|Gross profit TTM||USD$40.3 million|
|Return on assets TTM||-3.39%|
|Return on equity TTM||-10.3%|
|Market capitalisation||USD$114.6 million|
TTM: trailing 12 months
How to short and sell CareCloud stocks
- Create a CFD or spread betting account.
- Search for the stock code. E.g. "MTBC.US"
- Choose your position size.
- Select "sell" rather than "buy".
- Confirm your position and keep tabs on it. You may wish to set limits on your position.
There are currently 500,872 CareCloud stocks held short by investors – that's known as CareCloud's "short interest". This figure is 9.6% up from 456,817 last month.
There are a few different ways that this level of interest in shorting CareCloud stocks can be evaluated.
CareCloud's "short interest ratio" (SIR)
CareCloud's "short interest ratio" (SIR) is the quantity of CareCloud stocks currently shorted divided by the average quantity of CareCloud stocks traded daily (recently around 104348.33333333). CareCloud's SIR currently stands at 4.8. In other words for every 100,000 CareCloud stocks traded daily on the market, roughly 4800 stocks are currently held short.
However CareCloud's short interest can also be evaluated against the total number of CareCloud stocks, or, against the total number of tradable CareCloud stocks (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case CareCloud's short interest could be expressed as 0.03% of the outstanding stocks (for every 100,000 CareCloud stocks in existence, roughly 30 stocks are currently held short) or 0.0551% of the tradable stocks (for every 100,000 tradable CareCloud stocks, roughly 55 stocks are currently held short).
Such a low SIR usually points to an optimistic outlook for the stock price, with fewer people currently willing to bet against CareCloud.
Find out more about how you can short CareCloud stock.
CareCloud stock dividends
We're not expecting CareCloud to pay a dividend over the next 12 months. However, you can browse other dividend-paying stocks in our guide.
CareCloud stock price volatility
Over the last 12 months, CareCloud's stocks have ranged in value from as little as $7.35 up to $13.4. A popular way to gauge a stock's volatility is its "beta".
Beta is a measure of a stocks volatility in relation to the market. The market (NASDAQ average) beta is 1, while CareCloud's is 0.9124. This would suggest that CareCloud's stocks are less volatile than average (for this exchange).
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 through two segments, Healthcare IT and Practice Management. The company's Software-as-a-Service platform includes revenue cycle management, practice management, electronic health record, business intelligence, telehealth, and patient experience management solutions, as well as complementary software tools and business services for medical groups and health systems. 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.
Stocks similar to CareCloud
CareCloud in the news
3 “Strong Buy” Stocks Under $10 With Substantial Upside Potential
CareCloud to Announce Second Quarter 2021 Results on August 5, 2021
CareCloud to Announce Second Quarter 2021 Results on August 5, 2021
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