Carecloud Stock Price To Earning
| CCLDO Stock | 18.20 0.43 2.42% |
CareCloud fundamentals help investors to digest information that contributes to CareCloud's financial success or failures. It also enables traders to predict the movement of CareCloud Stock. The fundamental analysis module provides a way to measure CareCloud's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to CareCloud stock.
CareCloud | Price To Earning |
CareCloud Company Price To Earning Analysis
CareCloud's Price to Earnings ratio is typically used for current valuation of a company and is one of the most popular ratios that investors monitor daily. Holding a low PE stock is less risky because when a company's profitability falls, it is likely that earnings will also go down as well. In other words, if you start from a lower position, your downside risk is limited. There are also some investors who believe that low Price to Earnings ratio reflects the low pricing because a given company is in trouble. On the other hand, a higher PE ratio means that investors are paying more for each unit of profit.
CareCloud Price To Earning Driver Correlations
Understanding the fundamental principles of building solid financial models for CareCloud is extremely important. It helps to project a fair market value of CareCloud Stock properly, considering its historical fundamentals such as Price To Earning. Since CareCloud's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of CareCloud's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of CareCloud's interrelated accounts and indicators.
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Generally speaking, the Price to Earnings ratio gives investors an idea of what the market is willing to pay for the company's current earnings.
| Competition |
CareCloud Retained Earnings
Based on the latest financial disclosure, CareCloud has a Price To Earning of 0.0 times. This is 100.0% lower than that of the Health Care Equipment & Supplies sector and about the same as Health Care (which currently averages 0.0) industry. The price to earning for all United States stocks is 100.0% higher than that of the company.
CareCloud Current Valuation Drivers
We derive many important indicators used in calculating different scores of CareCloud from analyzing CareCloud's financial statements. These drivers represent accounts that assess CareCloud's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of CareCloud's important valuation drivers and their relationship over time.
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Market Cap | 49.1M | 115.0M | 91.9M | 42.5M | 23.8M | 34.5M | |
| Enterprise Value | 33.2M | 105.5M | 99.4M | 44.0M | 35.2M | 33.6M |
CareCloud ESG Sustainability
Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, CareCloud's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to CareCloud's managers, analysts, and investors.Environmental | Governance | Social |
CareCloud Fundamentals
| Return On Equity | -0.66 | ||||
| Return On Asset | -6.0E-4 | ||||
| Profit Margin | (0.40) % | ||||
| Operating Margin | 0.09 % | ||||
| Current Valuation | 280.13 M | ||||
| Shares Owned By Insiders | 1.50 % | ||||
| Number Of Shares Shorted | 1.47 K | ||||
| Revenue | 117.06 M | ||||
| Gross Profit | 54.39 M | ||||
| EBITDA | (31.29 M) | ||||
| Net Income | (48.67 M) | ||||
| Total Debt | 14.73 M | ||||
| Book Value Per Share | 2.63 X | ||||
| Cash Flow From Operations | 15.46 M | ||||
| Short Ratio | 0.29 X | ||||
| Number Of Employees | 3.6 K | ||||
| Beta | 1.37 | ||||
| Total Asset | 77.83 M | ||||
| Retained Earnings | (74.48 M) | ||||
| Working Capital | (57 K) | ||||
| Annual Yield | 0.37 % | ||||
| Net Asset | 77.83 M |
About CareCloud Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze CareCloud's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of CareCloud using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of CareCloud based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Pair Trading with CareCloud
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if CareCloud position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in CareCloud will appreciate offsetting losses from the drop in the long position's value.Moving together with CareCloud Stock
Moving against CareCloud Stock
| 0.77 | DRIO | DarioHealth Corp | PairCorr |
| 0.63 | EDAP | EDAP TMS SA | PairCorr |
| 0.58 | VERO | Venus Concept | PairCorr |
| 0.32 | VTAK | Catheter Precision | PairCorr |
The ability to find closely correlated positions to CareCloud could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace CareCloud when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back CareCloud - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling CareCloud to buy it.
The correlation of CareCloud is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as CareCloud moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if CareCloud moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for CareCloud can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out CareCloud Piotroski F Score and CareCloud Altman Z Score analysis. To learn how to invest in CareCloud Stock, please use our How to Invest in CareCloud guide.You can also try the Portfolio Analyzer module to portfolio analysis module that provides access to portfolio diagnostics and optimization engine.
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.