Cloopen Group Holding Limited (NYSE: RAAS) is -74.35% lower on its value in year-to-date trading and has touched a low of $10.60 and a high of $59.00 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The RAAS stock was last observed hovering at around $12.90 in the last trading session, with the day’s loss setting it -0.59% off its average median price target of $100.07 for the next 12 months. It is also 91.45% off the consensus price target high of $143.90 offered by 3 analysts, but current levels are 87.29% higher than the price target low of $96.86 for the same period.
Currently trading at $12.31, the stock is -27.38% and -43.27% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.75 million and changing -4.57% at the moment leaves the stock -43.27% off its SMA200. The firm has a 50-day simple moving average (SMA 50) of $20.01 and a 200-day simple moving average (SMA200) of $21.70.
The stock witnessed a -30.73% in the last 1 month, and is 4.77% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 14.96% over the week and 14.79% over the month.
Cloopen Group Holding Limited (RAAS) has around 1171 employees, a market worth around $2.09B and $117.20M in sales. Distance from 52-week low is 16.13% and -79.14% from its 52-week high. The company has generated returns on investments over the last 12 months (15.90%).
Cloopen Group Holding Limited (RAAS) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Cloopen Group Holding Limited (RAAS) is a “Overweight”. 3 analysts offering their recommendations for the stock have an average rating of 2.00, where 2 rate it as a Hold and 0 think it is a “Overweight”. 1 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
Cloopen Group Holding Limited quarterly earnings per share for the current quarter are estimated at -$0.03 with sales reaching $39.38M over the same period.The EPS is expected to shrink by -28.30% this year.
Cloopen Group Holding Limited (RAAS) Top Institutional Holders
9 institutions hold shares in Cloopen Group Holding Limited (RAAS), with institutional investors hold 1.96% of the company’s shares. The shares outstanding are 170.13M, and float is at 65.63M with Short Float at 0.36%. Institutions hold 1.96% of the Float.
The top institutional shareholder in the company is Fidelity Blue Chip Growth Fund with over 0.32 million shares valued at $6.1 million. The investor’s holdings represent 0.22% of the RAAS Shares outstanding. As of Feb 27, 2021, the second largest holder is Fidelity Emerging Asia Fund with 53200.0 shares valued at $1.0 million to account for 0.04% of the shares outstanding. The other top investors are Fidelity Series Blue Chip Growth Fund which holds 37600.0 shares representing 0.03% and valued at over $0.71 million, while Fidelity Blue Chip Growth K6 Fund holds 0.02% of the shares totaling 35500.0 with a market value of $0.67 million.