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MCLD
Stock ticker:
NASDAQ
AS OF
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Capitalization
13.33M

MCLD mCloud Technologies Corp Forecast, Technical & Fundamental Analysis

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A.I.Advisor
a Summary for MCLD with price predictions
08:00 PM EDT May 31, 2023

MCLD's RSI Oscillator recovers from overbought zone

The 10-day RSI Indicator for MCLD moved out of overbought territory on June 01, 2023. This could be a sign that the stock is shifting from an upward trend to a downward trend. Traders may want to look at selling the stock or buying put options. Tickeron's A.I.dvisor looked at 23 instances where the indicator moved out of the overbought zone. In of the 23 cases the stock moved lower in the days that followed. This puts the odds of a move down at .

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 5 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.

MCLD broke above its upper Bollinger Band on May 31, 2023. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.

The Aroon Indicator for MCLD entered a downward trend on May 22, 2023. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on May 12, 2023. You may want to consider a long position or call options on MCLD as a result. In of 94 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

MCLD moved above its 50-day moving average on May 23, 2023 date and that indicates a change from a downward trend to an upward trend.

The 10-day moving average for MCLD crossed bullishly above the 50-day moving average on May 26, 2023. This indicates that the trend has shifted higher and could be considered a buy signal. In of 15 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .

Following a +4 3-day Advance, the price is estimated to grow further. Considering data from situations where MCLD advanced for three days, in of 192 cases, the price rose further within the following month. The odds of a continued upward trend are .

Fundamental Analysis (Ratings)

Fear & Greed

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. MCLD’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (57.803) is normal, around the industry mean (31.500). P/E Ratio (0.000) is within average values for comparable stocks, (167.496). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (4.150). Dividend Yield (0.000) settles around the average of (0.039) among similar stocks. P/S Ratio (0.903) is also within normal values, averaging (75.690).

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. MCLD’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 89, placing this stock worse than average.

A.I.Advisor
published Highlights

Notable companies

The most notable companies in this group are Microsoft Corp (NASDAQ:MSFT), Oracle Corp (NYSE:ORCL), Salesforce (NYSE:CRM), Adobe (NASDAQ:ADBE), Intuit (NASDAQ:INTU), SERVICENOW (NYSE:NOW), Uber Technologies (NYSE:UBER), Shopify (NYSE:SHOP), Palo Alto Networks (NASDAQ:PANW), Activision Blizzard (NASDAQ:ATVI).

Industry description

Packaged software comprises multiple software programs bundled together and sold as a group. For example, Microsoft Office includes multiple applications such as Excel, Word, and PowerPoint. In some cases, buying a bundled product is cheaper than purchasing each item individually[s20] . Microsoft Corporation, Oracle Corp. and Adobe are some major American packaged software makers.

Market Cap

The average market capitalization across the Packaged Software Industry is 7.78B. The market cap for tickers in the group ranges from 291 to 2.47T. MSFT holds the highest valuation in this group at 2.47T. The lowest valued company is BLGI at 291.

High and low price notable news

The average weekly price growth across all stocks in the Packaged Software Industry was 2%. For the same Industry, the average monthly price growth was 11%, and the average quarterly price growth was 23%. QGSI experienced the highest price growth at 239%, while WEJO experienced the biggest fall at -65%.

Volume

The average weekly volume growth across all stocks in the Packaged Software Industry was 1%. For the same stocks of the Industry, the average monthly volume growth was 22% and the average quarterly volume growth was 20%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 53
P/E Growth Rating: 72
Price Growth Rating: 52
SMR Rating: 83
Profit Risk Rating: 89
Seasonality Score: 9 (-100 ... +100)
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A.I. Advisor
published Earnings

MCLD is expected to report earnings to fall 12.78% to -55 cents per share on May 31

mCloud Technologies Corp MCLD Stock Earnings Reports
Q1'23
Est.
$-0.55
Q4'22
Missed
by $0.04
Q3'22
Missed
by $0.42
Q2'22
Beat
by $0.23
Q1'22
Beat
by $0.20
The last earnings report on April 26 showed earnings per share of -63 cents, missing the estimate of -59 cents. With 1.00M shares outstanding, the current market capitalization sits at 13.33M.
A.I. Advisor
published General Information

General Information

Industry PackagedSoftware

Profile
Fundamentals
Details
Industry
N/A
Address
550-510 Burrard Street
Phone
+1 604 669-9973
Employees
216
Web
https://www.mcloudcorp.com
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MCLD and

Correlation & Price change

A.I.dvisor tells us that MCLD and QIWI have been poorly correlated (+22% of the time) for the last year. This A.I.-generated data suggests there is low statistical probability that MCLD and QIWI's prices will move in lockstep.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To MCLD
1D Price
Change %
MCLD100%
-25.64%
QIWI - MCLD
22%
Poorly correlated
N/A
SOFO - MCLD
21%
Poorly correlated
N/A
AHI - MCLD
20%
Poorly correlated
-3.29%
GDC - MCLD
20%
Poorly correlated
-1.02%
NOGN - MCLD
20%
Poorly correlated
-17.65%
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