The stock of CareCloud Inc (NASDAQ:CCLD) last traded at $1.99, down -2.93% from the previous session.
CCLD stock price is now 20.74% away from the 50-day moving average and -24.84% away from the 200-day moving average. The market capitalization of the company currently stands at $84.22M.
With the price target reduced from $5 to $3.50, ROTH MKM Downgraded its rating from Buy to Neutral for CareCloud Inc (NASDAQ: CCLD).
In other news, DALY JOHN N, Director sold 5,000 shares of the company’s stock on Dec 31 ’24. The stock was sold for $19,350 at an average price of $3.87. Upon completion of the transaction, the Director now directly owns 61,750 shares in the company, valued at $0.12 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 31 ’24, Director JOHN N DALY bought 5,000 shares of the business’s stock. A total of $19,374 was incurred on buying the stock at an average price of $3.87. A total of 40.09% of the company’s stock is owned by insiders.
During the past 12 months, CareCloud Inc has had a low of $1.14 and a high of $4.84. As of last week, the company has a debt-to-equity ratio of 0.06, a current ratio of 1.69, and a quick ratio of 1.65.
The net profit margin was -3.35% and return on equity was 21.00% for CCLD. The company reported revenue of $27.63 million for the quarter, compared to $25.96 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 6.43 percent.
