mCloud Technologies Corp. (NASDAQ: MCLD) is -36.78% lower on its value in year-to-date trading and has touched a low of $0.26 and a high of $3.80 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 MCLD stock was last observed hovering at around $0.47 in the last trading session, with the day’s gains setting it 0.09% off its average median price target of $2.20 for the next 12 months. It is also 74.55% off the consensus price target high of $2.20 offered by 2 analysts, but current levels are 74.55% higher than the price target low of $2.20 for the same period.
Currently trading at $0.56, the stock is 71.18% and 26.90% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.92 million and changing 19.14% at the moment leaves the stock -48.95% off its SMA200. MCLD registered -74.27% loss for a year compared to 6-month loss of -39.15%. The firm has a 50-day simple moving average (SMA 50) of $3.80 and a 200-day simple moving average (SMA200) of -$1.78.
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The stock witnessed a 79.49% gain in the last 1 month and extending the period to 3 months gives it a -46.31%, and is 52.69% 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 21.19% over the week and 15.32% over the month.
mCloud Technologies Corp. (MCLD) has around 216 employees, a market worth around $11.17M and $12.30M in sales. Distance from 52-week low is 113.13% and -85.31% from its 52-week high. The company has generated returns on investments over the last 12 months (-76.40%).
mCloud Technologies Corp. (MCLD) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for mCloud Technologies Corp. (MCLD) is a “Overweight”. 2 analysts offering their recommendations for the stock, where 1 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.
mCloud Technologies Corp. is expected to release its quarterly report on 08/17/2023.The EPS is expected to grow by 24.90% this year
mCloud Technologies Corp. (MCLD) Top Institutional Holders
The shares outstanding are 16.16M, and float is at 15.66M with Short Float at 0.42%.
mCloud Technologies Corp. (MCLD) Insider Activity
A total of 0 insider transactions have happened at mCloud Technologies Corp. (MCLD) in the last six months, with sales accounting for 0 and purchases happening 0 times.