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Monday, June 5, 2023

The Question Is Whether To Buy Or Not To Buy mCloud Technologies Corp. (NASDAQ: MCLD)

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for mCloud Technologies Corp. (MCLD) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.029, or -4.08%, to $0.681. The mCloud Technologies Corp. has recorded 27,900 volume in the after hours trading session. The stock was recently discussed on Yahoo Finance as it revealed that mCloud Provides Update from Special Committee Exploring Strategic Alternatives.

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Stocks Info

mCloud Technologies Corp. is listed on the NASDAQ as a member of the Technology sector and is a part of the Software – Application industry. The current market capitalization of mCloud Technologies Corp. is $14.20M. A total of 2.33 million shares were traded on the day, compared to an average of 624.01K shares.

Additionally, investors take into account insider trades when predicting how a stock will perform. During the recent three months, MCLD has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 0 BUYs and 0 SELLs from insiders. Insiders purchased 0 shares during that period but sold 0.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. According to analysts who have offered 12-month price targets for MCLD in the last 3 months, the mean price target is $2.20 with high estimates of $2.20 and low estimates of $2.20. In terms of 52-week highs and lows, MCLD has a high of $3.80 and a low of $0.26.

As of this writing, MCLD has an earnings estimate of $mCloud Technologies Corp. per share for the current quarter. EPS was calculated based on a consensus of McDonald’s Corporation estimates, with a high estimate of $WisdomTree Cloud Computing Fund per share and a lower estimate of $CareCloud, Inc.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information. MCLD’s latest balance sheet shows that the firm has $4.59M in Cash & Short Term Investments as of fiscal 2021. There were $40.31M in debt and $64.02M in liabilities at the time. Its Book Value Per Share was -$1.68, while its Total Shareholder’s Equity was $4.29M.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for MCLD is Buy with a score of 3.00.

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