CareCloud, Inc. (NASDAQ:CCLD – Get Free Report)’s stock price crossed below its 200-day moving average during trading on Friday. The stock has a 200-day moving average of $2.45 and traded as low as $2.28. CareCloud shares last traded at $2.42, with a volume of 682,921 shares.
Analyst Upgrades and Downgrades
A number of research analysts have recently commented on CCLD shares. Weiss Ratings upgraded CareCloud from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, October 12th. Wall Street Zen upgraded CareCloud from a “buy” rating to a “strong-buy” rating in a research report on Saturday, November 7th. Finally, Roth Capital dropped coverage on CareCloud in a report on Tuesday, September 15th. They issued a “neutral” rating for the company. Prior estimates, ratings, and price targets should no longer be relied upon. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.
CareCloud Price Performance
The company has a 50 day moving average price of $2.03 and a 200-day moving average price of $2.45. The company has a market cap of $102.97 million, a price-to-earnings ratio of 18.62 and a beta of 1.57. The company has a quick ratio of 1.01, a current ratio of 0.87 and a debt-to-equity ratio of 1.18.
CareCloud (NASDAQ:CCLD – Get Free Report) last posted its earnings results on Thursday, November 5th. The company reported $0.14 EPS for the quarter, topping the consensus estimate of $0.10 by $0.04. CareCloud had a net margin of 7.36% and a return on equity of 36.92%. The business had revenue of $33.73 million for the quarter, compared to the consensus estimate of $33.50 million. As a group, equities research analysts predict that CareCloud, Inc. will post 0.35 EPS for the current fiscal year.
Hedge Funds Weigh In On CareCloud
A number of hedge funds have recently modified their holdings of CCLD. BlackRock Inc. bought a new position in CareCloud during the 2nd quarter worth $486,000. Globeflex Capital L P acquired a new position in CareCloud during the 2nd quarter worth about $711,000. Arrowstreet Capital Limited Partnership acquired a new position in CareCloud during the 1st quarter worth about $920,000. Kingsview Wealth Management LLC acquired a new position in CareCloud during the 2nd quarter worth about $55,000. Finally, Empowered Funds LLC bought a new stake in shares of CareCloud in the 2nd quarter valued at about $348,000. Institutional investors and hedge funds own 10.16% of the company’s stock.
CareCloud Company Profile
CareCloud, Inc. provides cloud-based technology and business services to healthcare organizations, including physician practices, hospitals and other medical providers. Its offerings include electronic health records, practice management software, medical billing and revenue cycle management, patient engagement tools, and data and analytics services. The company also provides outsourced administrative and technology services, which can help healthcare providers manage operations such as claims processing and collections.
Further Reading
- Five stocks we like better than CareCloud
- Nu Holdings Earnings Show a Compounder Priced Like a Brazil Bet
- Game On: The Hidden Value in Take-Two’s Stock
- LightPath Technologies’ Record Backlog Highlights a Bigger Defense Opportunity
- A 10-Stock Strategy That Balances AI Growth With Cash Flow
Receive News & Ratings for CareCloud Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CareCloud and related companies with MarketBeat.com's FREE daily email newsletter.
