mCloud Technologies' (MCLD) “Buy” Rating Reiterated at Maxim Group – Defense World
Posted by admin on Aug 22nd, 2022 
Maxim Group reiterated their buy rating on shares of mCloud Technologies (NASDAQ:MCLD – Get Rating) in a research report released on Friday, Stock Target Advisor reports. Maxim Group currently has a $4.00 price target on the stock.
Shares of MCLD stock opened at $2.44 on Friday. The company has a quick ratio of 0.26, a current ratio of 0.31 and a debt-to-equity ratio of 0.35. The business has a 50-day moving average price of $2.92 and a two-hundred day moving average price of $3.28. mCloud Technologies has a 12-month low of $2.00 and a 12-month high of $5.01. The firm has a market cap of $39.42 million and a P/E ratio of -3.64.
mCloud Technologies (NASDAQ:MCLD – Get Rating) last issued its quarterly earnings results on Monday, August 15th. The company reported $0.27 earnings per share (EPS) for the quarter. mCloud Technologies had a negative return on equity of 381.73% and a negative net margin of 41.63%. The firm had revenue of $1.78 million during the quarter.
A hedge fund recently bought a new stake in mCloud Technologies stock. Raymond James & Associates bought a new stake 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 SEC. The fund bought 24,077 shares of the company’s stock, valued at approximately $104,000. Raymond James & Associates owned about 0.15% of mCloud Technologies at the end of the most recent quarter. Institutional investors own 1.24% of the company’s stock.
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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.
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