CareCloud (NASDAQ:CCLD) Announces Quarterly Earnings Results, Misses Estimates By $0.01 EPS

CareCloud (NASDAQ:CCLD) released its quarterly earnings data on Thursday. The company reported $0.21 EPS for the quarter, missing the consensus estimate of $0.22 by ($0.01), Zacks reports. CareCloud had a negative return on equity of 87.98% and a negative net margin of 35.25%. CareCloud updated its FY 2025 guidance to 0.100-0.130 EPS.

CareCloud Stock Up 9.7 %

Shares of CareCloud stock traded up $0.16 during midday trading on Thursday, hitting $1.76. The company had a trading volume of 24,882,510 shares, compared to its average volume of 656,595. The company has a fifty day simple moving average of $3.34 and a 200 day simple moving average of $3.05. The stock has a market cap of $28.53 million, a price-to-earnings ratio of -0.55 and a beta of 1.55. CareCloud has a 12-month low of $1.01 and a 12-month high of $4.84.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Benchmark restated a “buy” rating and set a $4.50 price target on shares of CareCloud in a research note on Friday, November 15th. Roth Mkm cut shares of CareCloud from a “buy” rating to a “neutral” rating and lowered their price target for the company from $5.00 to $3.50 in a report on Wednesday, November 13th. Finally, Roth Capital downgraded shares of CareCloud from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 13th.

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.