The stock price of mCloud Technologies Corp. (NASDAQ: MCLD) has surged by 27.15 when compared to previous closing price of 0.56, but the company has seen a 102.49% gain in its stock price over the last five trading sessions.
Is It Worth Investing in mCloud Technologies Corp. (NASDAQ: MCLD) Right Now?
compared to its average ratio and a 36-month beta value of 0.83.
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The public float for MCLD is 15.66M, and currently, short sellers hold a 0.42% ratio of that float. The average trading volume of MCLD on May 26, 2023 was 624.01K shares.
MCLD’s Market Performance
MCLD’s stock has seen a 102.49% increase for the week, with a 128.22% rise in the past month and a -25.17% fall in the past quarter. The volatility ratio for the week is 25.93%, and the volatility levels for the past 30 days are at 16.87% for mCloud Technologies Corp. The simple moving average for the last 20 days is 109.71% for MCLD stock, with a simple moving average of -34.46% for the last 200 days.
MCLD Trading at 63.22% from the 50-Day Moving Average
After a stumble in the market that brought MCLD to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -81.32% of loss for the given period.
Volatility was left at 16.87%, however, over the last 30 days, the volatility rate increased by 25.93%, as shares surge +136.51% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -6.44% lower at present.
During the last 5 trading sessions, MCLD rose by +102.51%, which changed the moving average for the period of 200-days by -73.31% in comparison to the 20-day moving average, which settled at $0.3591. In addition, mCloud Technologies Corp. saw -19.61% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for MCLD
Equity return is now at value 300.60, with -56.30 for asset returns.
Conclusion
To put it simply, mCloud Technologies Corp. (MCLD) has had a mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
