CareCloud, Inc. (NASDAQ:CCLD – Get Free Report) saw a significant decrease in short interest in the month of June. As of June 15th, there was short interest totalling 167,700 shares, a decrease of 31.5% from the May 31st total of 244,800 shares. Based on an average trading volume of 1,750,000 shares, the short-interest ratio is presently 0.1 days. Approximately 2.0% of the shares of the company are short sold.
Analysts Set New Price Targets
A number of analysts have issued reports on the company. Benchmark raised their target price on CareCloud from $3.50 to $4.00 and gave the company a “buy” rating in a report on Thursday, May 16th. Maxim Group raised shares of CareCloud from a “hold” rating to a “buy” rating and set a $3.00 target price on the stock in a research report on Friday, March 22nd.
View Our Latest Stock Analysis on CCLD
CareCloud Stock Performance
CareCloud (NASDAQ:CCLD – Get Free Report) last announced 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. CareCloud had a negative return on equity of 73.29% and a negative net margin of 42.92%. The company had revenue of $25.96 million during the quarter, compared to the consensus estimate of $26.55 million. During the same quarter last year, the company earned ($0.28) EPS. As a group, analysts predict that CareCloud will post 0.36 earnings per share for the current fiscal 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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