CareCloud, Inc. (NASDAQ:CCLD – Get Free Report) was the target of a large decrease in short interest in the month of July. As of July 15th, there was short interest totalling 50,900 shares, a decrease of 40.1% from the June 30th total of 85,000 shares. Approximately 0.6% of the shares of the stock are sold short. Based on an average daily volume of 1,760,000 shares, the days-to-cover ratio is presently 0.0 days.
Wall Street Analysts Forecast Growth
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.
Read Our Latest Stock Analysis on CCLD
CareCloud Price Performance
CareCloud (NASDAQ:CCLD – Get Free Report) last issued its quarterly earnings data on Tuesday, May 14th. The company reported ($0.02) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.32) by $0.30. The business had revenue of $25.96 million for the quarter, compared to analysts’ expectations 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 prior year, the firm earned ($0.28) EPS. On average, equities analysts predict that CareCloud will post 0.36 earnings per share for the current year.
CareCloud Company Profile
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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