CareCloud, Inc. (NASDAQ:CCLD – Get Free Report) saw a significant drop in short interest in July. As of July 15th, there was short interest totalling 50,900 shares, a drop of 40.1% from the June 30th total of 85,000 shares. Based on an average daily trading volume, of 1,760,000 shares, the short-interest ratio is presently 0.0 days. Currently, 0.6% of the company’s stock are short sold.
Analysts Set New Price Targets
Separately, Benchmark upped their price target on CareCloud from $3.50 to $4.00 and gave the stock a “buy” rating in a research note on Thursday, May 16th.
Get Our Latest Research Report on CareCloud
CareCloud Stock Performance
CareCloud (NASDAQ:CCLD – Get Free Report) last posted its quarterly earnings data on Tuesday, May 14th. The company reported ($0.02) EPS for the quarter, topping analysts’ consensus estimates of ($0.32) by $0.30. The business had revenue of $25.96 million for the quarter, compared to analyst estimates of $26.55 million. CareCloud had a negative return on equity of 73.29% and a negative net margin of 42.92%. During the same period in the previous year, the company posted ($0.28) earnings per share. Analysts expect that CareCloud will post 0.36 EPS for the current year.
About CareCloud
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.
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