NASDAQ:MCLD

mCloud Technologies (MCLD) Stock Forecast, Price & News

$0.78

+0.11 (+16.42%)

(As of 05/31/2023 ET)

Compare

Today's Range: $0.65
▼
$0.87
50-Day Range: $0.28
▼
$0.78
52-Week Range: $0.26
▼
$3.80

Volume: 737,352 shs
Average Volume: 457,905 shs
Market Capitalization: $12.67 million

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $2.25

mCloud Technologies MarketRank™ Forecast

Analyst Rating: Hold
2.00 Rating Score
Upside/Downside: 188.5% Upside
$2.25 Price Target
Short Interest: Healthy
1.20% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.33
Based on 2 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: N/A

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.60 out of 5 stars

3.0

Analyst's Opinion

Consensus Rating
mCloud Technologies has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 2 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $2.25, mCloud Technologies has a forecasted upside of 188.5% from its current price of $0.78.
Amount of Analyst Coverage
mCloud Technologies has only been the subject of 1 research reports in the past 90 days.

3.0

Short Interest

Percentage of Shares Shorted
1.20% of the float of mCloud Technologies has been sold short.
Short Interest Ratio / Days to Cover
mCloud Technologies has a short interest ratio ("days to cover") of 0.3, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in mCloud Technologies has recently increased by 183.03%, indicating that investor sentiment is decreasing significantly.

0.0

Dividend Strength

Dividend Yield
mCloud Technologies does not currently pay a dividend.
Dividend Growth
mCloud Technologies does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for MCLD.

2.4

News and Social Media Coverage

News Sentiment
mCloud Technologies has a news sentiment score of 0.33. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.61 average news sentiment score of Business Services companies.
News Coverage This Week
MarketBeat has tracked 2 news articles for mCloud Technologies this week, compared to 0 articles on an average week.
Search Interest
6 people have searched for MCLD on MarketBeat in the last 30 days. This is an increase of 500% compared to the previous 30 days.

0.0

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, mCloud Technologies insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 3.56% of the stock of mCloud Technologies is held by insiders.
Percentage Held by Institutions
Only 1.12% of the stock of mCloud Technologies is held by institutions.

0.0

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of mCloud Technologies is -7.80, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of mCloud Technologies is -7.80, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
mCloud Technologies has a P/B Ratio of 3.71. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About mCloud Technologies (NASDAQ:MCLD) Stock

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. IoT sensors bring data from connected assets into the cloud, where AI and analytics are applied to maximize their performance. Headquartered in Calgary, Canada with offices worldwide, the mCloud family includes an ecosystem of operating subsidiaries that deliver high-performance IoT, AI, 3D, and mobile capabilities to customers, all integrated into AssetCare. With over 100 blue-chip customers and more than 63,000 assets connected in thousands of locations worldwide, mCloud is changing the way energy assets are managed.

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MCLD Stock News Headlines

May 27, 2023 | theglobeandmail.com

Closing Bell: Mcloud Technologies Corp WT up on Thursday (MCLD-WT)

May 11, 2023 | theglobeandmail.com

mCloud Technologies: Bottom 25 Performing Stocks Year-to-Date on TSX-V (MCLD)

June 1, 2023 | Behind the Markets (Ad)

Laser breakthrough could send stock soaring 2,467%

Laser breakthrough could send stock soaring 2,476% Whenever the military develops a breakthrough technology, timely investors could see groundbreaking returns. General Dynamics returned 8,990%... Boeing soared 4,238%... L3Harris shot up 1,628%...

May 8, 2023 | theglobeandmail.com

Closing Bell: Mcloud Technologies Corp up on Monday (MCLD)

April 29, 2023 | theglobeandmail.com

Closing Bell: Mcloud Technologies Corp WT flat on Thursday (MCLD-WT)

April 27, 2023 | theglobeandmail.com

Closing Bell: Mcloud Technologies Corp up on Wednesday (MCLD)

April 24, 2023 | theglobeandmail.com

Closing Bell: Mcloud Technologies Corp WT up on Monday (MCLD-WT)

April 21, 2023 | theglobeandmail.com

Closing Bell: Mcloud Technologies Corp down on Thursday (MCLD)

June 1, 2023 | Behind the Markets (Ad)

Laser breakthrough could send stock soaring 2,467%

April 19, 2023 | theglobeandmail.com

Closing Bell: Mcloud Technologies Corp WT flat on Friday (MCLD-WT)

April 13, 2023 | theglobeandmail.com

Closing Bell: Mcloud Technologies Corp WT flat on Tuesday (MCLD-WT)

April 13, 2023 | americanbankingnews.com

Dropbox (NASDAQ:DBX) versus mCloud Technologies (NASDAQ:MCLD) Head-To-Head Comparison

April 12, 2023 | theglobeandmail.com

Closing Bell: Mcloud Technologies Corp WT down on Monday (MCLD-WT)

April 8, 2023 | theglobeandmail.com

Closing Bell: Mcloud Technologies Corp flat on Thursday (MCLD)

April 6, 2023 | theglobeandmail.com

Closing Bell: Mcloud Technologies Corp WT down on Wednesday (MCLD-WT)

April 1, 2023 | marketwatch.com

mCloud Technologies Shares Dive 34% After Disclosing Potential Restructuring

March 31, 2023 | americanbankingnews.com

mCloud Technologies (NASDAQ:MCLD) Lowered to "Hold" at Maxim Group

March 30, 2023 | msn.com

Why Bed Bath & Beyond Shares Are Trading Lower By 15%? Here Are Other Stocks Moving In Thursday's Mid-Day Session

March 13, 2023 | reuters.com

mCloud Technologies Corp

February 1, 2023 | finance.yahoo.com

mCloud Showcases Hyperscale Solution on Google Cloud to Eliminate Methane Emissions at LEAP 2023 in Saudi Arabia

January 25, 2023 | msn.com

Officers struck by gunfire in McLeod County, authorities report

January 25, 2023 | dailymail.co.uk

Mum, 29, who breastfeeds her five-year-old son is accused of being 'an abuser' and 'disgusting' by cruel trolls online - but she hits back and has no plans to stop

December 22, 2022 | finance.yahoo.com

mCloud Announces Launch of Public Offering of 9.0% Series A Cumulative Perpetual Preferred Shares and Warrants

November 18, 2022 | ca.finance.yahoo.com

mCloud Technologies Corp. (MCLD.V)

November 14, 2022 | finance.yahoo.com

mCloud Adds Global Sustainability and Saudi Vision 2030 Leader Dina Alnahdy to Board of Directors

November 10, 2022 | finance.yahoo.com

mCloud Announces Upsize of Common Share Offering to $18 Million with Strategic Investors

November 1, 2022 | prnewswire.com

mCloud Receives Nasdaq Notification Regarding Market Value of Listed Securities

See More Headlines

30 days | 90 days | 365 days | Advanced Chart

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MCLD Company Calendar

Today: 6/01/2023
Next Earnings (Estimated): 6/05/2023
Fiscal Year End: 12/31/2023

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Prepackaged software
Sub-Industry: N/A
Sector: Business Services
Current Symbol: NASDAQ:MCLD
CUSIP: N/A
CIK: 1756499
Web: www.mcloudcorp.com
Phone: (866) 420-1781
Fax: N/A
Employees: N/A
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: $2.25
High Stock Price Forecast: $2.50
Low Stock Price Forecast: $2.00
Forecasted Upside/Downside: +188.5%
Consensus Rating: Hold
Rating Score (0-4): 2.00
Research Coverage: 2 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($0.10)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $-35,370,000.00
Net Margins: -1.66%
Pretax Margin: -339.35%
Return on Equity: N/A
Return on Assets: -14.38%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 0.14
Quick Ratio: 0.14

Sales & Book Value

Annual Sales: $20.42 million
Price / Sales: 0.62
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: $0.21 per share
Price / Book: 3.71

Miscellaneous

Outstanding Shares: 16,240,000
Free Float: 15,664,000
Market Cap: $12.67 million
Optionable: Not Optionable
Beta: 0.85

Key Executives

Russel H. McMeekin
President, CEO & Non-Independent Director

Arnel Lamco Santos
Chief Operating Officer & Executive Vice President

Chantal Schutz
Chief Financial Officer & Executive Vice President

James Christian
Chief Product & Technology Officer

Barry Po
Chief Marketing Officer & Executive VP

Key Competitors

View All Competitors

MCLD Stock - Frequently Asked Questions

Should I buy or sell mCloud Technologies stock right now?: 2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for mCloud Technologies in the last twelve months. There are currently 2 hold ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" MCLD shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in MCLD, but not buy additional shares or sell existing shares.
View MCLD analyst ratings or view top-rated stocks.
What is mCloud Technologies' stock price forecast for 2023?: 2 equities research analysts have issued 1-year target prices for mCloud Technologies' shares. Their MCLD share price forecasts range from $2.00 to $2.50. On average, they predict the company's share price to reach $2.25 in the next year. This suggests a possible upside of 188.5% from the stock's current price.
View analysts price targets for MCLD or view top-rated stocks among Wall Street analysts.
How have MCLD shares performed in 2023?: mCloud Technologies' stock was trading at $0.8832 at the beginning of the year. Since then, MCLD stock has decreased by 11.7% and is now trading at $0.78.
View the best growth stocks for 2023 here.
Are investors shorting mCloud Technologies?: mCloud Technologies saw a increase in short interest during the month of May. As of May 15th, there was short interest totaling 185,100 shares, an increase of 183.0% from the April 30th total of 65,400 shares. Based on an average daily trading volume, of 567,100 shares, the days-to-cover ratio is presently 0.3 days. Approximately 1.2% of the company's stock are sold short.
View mCloud Technologies' Short Interest.

When is mCloud Technologies' next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Monday, June 5th 2023.
View our MCLD earnings forecast.
What is mCloud Technologies' stock symbol?: mCloud Technologies trades on the NASDAQ under the ticker symbol "MCLD."
How do I buy shares of mCloud Technologies?: Shares of MCLD stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is mCloud Technologies' stock price today?: One share of MCLD stock can currently be purchased for approximately $0.78.
How much money does mCloud Technologies make?: mCloud Technologies (NASDAQ:MCLD) has a market capitalization of $12.67 million and generates $20.42 million in revenue each year. The company earns $-35,370,000.00 in net income (profit) each year or ($0.10) on an earnings per share basis.
How can I contact mCloud Technologies?: The official website for the company is www.mcloudcorp.com. The company can be reached via phone at (866) 420-1781.

This page (NASDAQ:MCLD) was last updated on 6/1/2023 by MarketBeat.com Staff

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