Stocks of CareCloud Inc (NASDAQ:CCLD) traded higher last session on Wall Street, up 12.56% to $2.51.
CCLD stock price is now 102.76% away from the 50-day moving average and 89.97% away from the 200-day moving average. The market capitalization of the company currently stands at $40.46M.
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In other news, HAQ MAHMUD UL, Executive Chairman bought 32,500 shares of the company’s stock on Dec 29 ’23. The stock was bought for $49,725 at an average price of $1.53. Upon completion of the transaction, the Executive Chairman now directly owns 5,034,520 shares in the company, valued at $12.64 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 22 ’23, Executive Chairman HAQ MAHMUD UL bought 217,824 shares of the business’s stock. A total of $341,984 was incurred on buying the stock at an average price of $1.57. This leaves the insider owning 5,002,020 shares of the company worth $12.56 million. A total of 48.80% of the company’s stock is owned by insiders.
During the past 12 months, CareCloud Inc has had a low of $0.68 and a high of $3.58. As of last week, the company has a debt-to-equity ratio of 0.32, a current ratio of 1.02, and a quick ratio of 1.00.
According to the Health Information Services Company, earnings per share came in at -0.37, missing analysts’ expectations of -0.27 by -0.1. This compares to -$0.03 EPS in the same period last year. The net profit margin was -53.32% and return on equity was -69.55% for CCLD. The company reported revenue of $25.96 million for the quarter, compared to $30.0 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -13.46 percent. For the current quarter, analysts expect CCLD to generate $28.1M in revenue.
