CareCloud (NASDAQ:CCLD) Price Target Raised to $4.00

CareCloud (NASDAQ:CCLDFree Report) had its price target upped by Benchmark from $3.50 to $4.00 in a report released on Thursday, Benzinga reports. The brokerage currently has a buy rating on the stock.

Separately, Maxim Group upgraded shares of CareCloud from a hold rating to a buy rating and set a $3.00 price objective for the company in a research report on Friday, March 22nd.

Check Out Our Latest Analysis on CCLD

CareCloud Trading Up 12.4 %

CCLD opened at $2.82 on Thursday. The company’s 50 day moving average price is $1.29 and its two-hundred day moving average price is $1.27. The firm has a market capitalization of $45.46 million, a price-to-earnings ratio of -0.74 and a beta of 1.07. CareCloud has a fifty-two week low of $0.68 and a fifty-two week high of $3.58. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.02 and a quick ratio of 0.98.

CareCloud (NASDAQ:CCLDGet Free Report) last issued its quarterly earnings data on Tuesday, May 14th. The company reported ($0.02) earnings per share for the quarter, topping the consensus estimate of ($0.32) by $0.30. CareCloud had a negative net margin of 42.92% and a negative return on equity of 73.29%. The company had revenue of $25.96 million for the quarter, compared to analysts’ expectations of $26.55 million. During the same quarter in the previous year, the firm posted ($0.28) earnings per share. As a group, research analysts predict that CareCloud will post -0.54 earnings per share for the current year.

About CareCloud

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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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