Trump announces trade deal with EU following months of negotiations
In a remarkable display of market confidence, TBRG stock has soared to a 52-week high, reaching a price level of $32. According to InvestingPro data, the stock appears overvalued at current levels, though analysts maintain price targets ranging from $23 to $32. This peak represents a significant milestone for the company, reflecting a period of robust performance and investor optimism. Over the past year, TBRG has witnessed an impressive 1-year change, with its stock value skyrocketing by 189.85%. The momentum has been particularly strong in recent months, with a 125.27% gain over the past six months and a 38.79% increase year-to-date. This surge in stock price underscores the company’s strong financial health, earning a "GOOD" overall rating from InvestingPro, and the positive sentiment surrounding its growth prospects and strategic initiatives. While currently unprofitable, analysts expect the company to turn profitable this year, with 4 analysts recently revising earnings estimates upward. Investors are closely monitoring TBRG’s trajectory as it continues to navigate the dynamic market landscape. Discover 8 additional key insights about TBRG with an InvestingPro subscription.
In other recent news, TruBridge Inc. reported mixed results for the fourth quarter of 2024. The company experienced a significant earnings per share (EPS) shortfall, reporting -$0.38 compared to the forecast of $0.0049, despite slightly surpassing revenue expectations with $87.36 million against a forecast of $84.35 million. TruBridge’s fiscal year 2024 ended with a 2% year-over-year revenue increase to $339.2 million, and a notable 44% year-over-year rise in adjusted EBITDA to $17.2 million. Stephens analyst Jeff Garro revised the price target for TruBridge upwards to $28, maintaining an Equal Weight rating, following the company’s strong performance and effective cost-cutting measures. The analyst highlighted TruBridge’s improved financial health, including a turnaround to a 4% free cash flow margin for fiscal year 2024. Despite a 40% year-over-year decline in bookings, TruBridge’s fiscal year 2025 guidance has been positively received, with expectations for mid-single-digit revenue growth and adjusted EBITDA to reach between $59 million and $66 million. TruBridge plans to focus on increasing its global workforce support and SaaS solutions, aiming for greater profitability and customer satisfaction in 2025.
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