mCloud Technologies Corp (NASDAQ:MCLD – Get Rating) was the target of a significant decline in short interest in the month of September. As of September 15th, there was short interest totalling 45,800 shares, a decline of 7.5% from the August 31st total of 49,500 shares. Based on an average daily trading volume, of 14,400 shares, the short-interest ratio is presently 3.2 days. Approximately 0.4% of the company's shares are short sold.
Hedge Funds Weigh In On mCloud Technologies
An institutional investor recently bought a new position in mCloud Technologies stock. Raymond James & Associates acquired a new position in mCloud Technologies Corp (NASDAQ:MCLD – Get Rating) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 24,077 shares of the company's stock, valued at approximately $104,000. Raymond James & Associates owned approximately 0.15% of mCloud Technologies as of its most recent SEC filing. 1.42% of the stock is owned by institutional investors.
Get
mCloud Technologies alerts:
Analyst Ratings Changes
Separately, Maxim Group restated a "buy" rating and set a $4.00 target price on shares of mCloud Technologies in a research report on Friday, August 19th.
mCloud Technologies Stock Performance
mCloud Technologies stock opened at $1.56 on Monday. The company has a 50 day moving average price of $2.32 and a 200-day moving average price of $2.91. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.31 and a current ratio of 0.31. mCloud Technologies has a fifty-two week low of $1.55 and a fifty-two week high of $5.01. The company has a market capitalization of $25.21 million and a PE ratio of -2.33.
mCloud Technologies (NASDAQ:MCLD – Get Rating) last posted its quarterly earnings results on Monday, August 15th. The company reported $0.27 earnings per share for the quarter. The firm had revenue of $1.78 million during the quarter. mCloud Technologies had a negative net margin of 41.63% and a negative return on equity of 580.31%.
mCloud Technologies Company Profile
(Get Rating)
mCloud is unlocking the untapped potential of energy-intensive assets with AI and analytics, curbing energy waste, maximizing energy production, and getting the most out of critical energy infrastructure. Through mCloud's AI-powered AssetCare platform, mCloud offers complete asset management solutions for commercial buildings, renewable energy, healthcare, heavy industry, and connected workers.
Recommended Stories
- Get a free copy of the StockNews.com research report on mCloud Technologies (MCLD)
- Archer Daniels Midland: Dividend Hero With 49 Years Of Increases
- Will Fully Autonomous Tractors Make Deere the Tesla of Farming?
- Magna International is Your Auto and EV One-Stop Shop Stock
- EV Battery Maker Freyr Set For Major Global Expansion
- MarketBeat: Week in Review 9/26 – 9/30
Receive News & Ratings for mCloud Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for mCloud Technologies and related companies with MarketBeat.com's FREE daily email newsletter.
