The stock of Orangekloud Technology Inc (NASDAQ: ORKT) has increased by 15.85 when compared to last closing price of 1.83. Despite this, the company has experienced a 1.92% gain in its stock price over the last five trading sessions. globenewswire.com reported 2024-10-25 that Singapore, Oct. 25, 2024 (GLOBE NEWSWIRE) — Orangekloud Technology Inc. (Nasdaq: ORKT) (“Orangekloud” or “the Company”), a Singapore-based technology company offering the eMOBIQ® No-Code platform for the development of mobile applications, today announced the appointment of Mr Toh Puay-Yong as Chief Financial Officer (CFO), replacing Ms. Shally Ang, who had held that position since February 2023 and is resigning due to personal reasons. Mr. Toh will be responsible for financial and management reporting, corporate services, and company compliance.
Is It Worth Investing in Orangekloud Technology Inc (NASDAQ: ORKT) Right Now?
The public float for ORKT is 7.59M, and currently, short sellers hold a 2.10% ratio of that float. The average trading volume of ORKT on November 05, 2024 was 1.17M shares.
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ORKT’s Market Performance
The stock of Orangekloud Technology Inc (ORKT) has seen a 1.92% increase in the past week, with a -58.43% drop in the past month, and a -58.92% fall in the past quarter. The volatility ratio for the week is 11.55%, and the volatility levels for the past 30 days are at 15.50% for ORKT. The simple moving average for the past 20 days is -56.42% for ORKT’s stock, with a -57.79% simple moving average for the past 200 days.
ORKT Trading at -56.29% from the 50-Day Moving Average
After a stumble in the market that brought ORKT to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -73.50% of loss for the given period.
Volatility was left at 15.50%, however, over the last 30 days, the volatility rate increased by 11.55%, as shares sank -58.67% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -57.50% lower at present.
During the last 5 trading sessions, ORKT rose by +1.92%, in comparison to the 20-day moving average, which settled at $4.8600. In addition, Orangekloud Technology Inc saw -62.81% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for ORKT
Current profitability levels for the company are sitting at:
- -0.26 for the present operating margin
- 0.5 for the gross margin
The net margin for Orangekloud Technology Inc stands at -0.18. The total capital return value is set at -0.47. Equity return is now at value -109.40, with -42.50 for asset returns.
Based on Orangekloud Technology Inc (ORKT), the company’s capital structure generated 0.29 points at debt to capital in total, while cash flow to debt ratio is standing at -0.93.
Currently, EBITDA for the company is -0.54 million with net debt to EBITDA at 0.17. When we switch over and look at the enterprise to sales, we see a ratio of 13.9. The receivables turnover for the company is 4.49for trailing twelve months and the total asset turnover is 1.1. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.70.
Conclusion
To put it simply, Orangekloud Technology Inc (ORKT) has had a bad 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.
