Cloopen Group Holding Limited (NYSE:RAAS) has seen 7.16 million shares traded in the last trading session. The company, currently valued at $935.31M, closed the last trade at $5.57 per share which meant it lost -$0.12 on the day or -2.11% during that session. The RAAS stock price is -959.25% off its 52-week high price of $59.00 and 28.01% above the 52-week low of $4.01. If we look at the company’s 10-day average daily trading volume, we find that it stood at 7.22 million shares traded. The 3-month trading volume is 1.45 million shares.
The consensus among analysts is that Cloopen Group Holding Limited (RAAS) is a Hold stock at the moment, with a recommendation rating of 2.00. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 1 out of 1 have rated it as a Hold, with 0 advising it as a Buy. 0 have rated the stock as Underweight.
Cloopen Group Holding Limited (NYSE:RAAS) trade information
Sporting -2.11% in the red in last session, the stock has traded in the green over the last five days, with the highest price hit on Friday, 09/03/21 when the RAAS stock price touched $5.57 or saw a rise of 16.11%. Year-to-date, Cloopen Group Holding Limited shares have moved -88.40%, while the 5-day performance has seen it change 31.06%. Over the past 30 days, the shares of Cloopen Group Holding Limited (NYSE:RAAS) have changed 20.04%. Short interest in the company has seen 1.07 million shares shorted with days to cover at 1.03.
Wall Street analysts have a consensus price target for the stock at $45.45, which means that the shares’ value could jump 87.74% from current levels. The projected low price target is $45.45 while the price target rests at a high of $45.45. In that case, then, we find that the current price level is -715.98% off the targeted high while a plunge would see the stock gain -715.98% from current levels.
Cloopen Group Holding Limited (RAAS) estimates and forecasts
The company’s shares have lost -67.97% over the past 6 months. Revenue growth from the last financial year stood is estimated to be 779.60%.
1 analysts offering their estimates for the company have set an average revenue estimate of $273.9 million for the current quarter. 1 have an estimated revenue figure of $276.73 million for the next quarter concluding in Sep 2021.
Cloopen Group Holding Limited is expected to release its next earnings report on March 26 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Cloopen Group Holding Limited (NYSE:RAAS)’s Major holders
Insiders own 0.00% of the company shares, while shares held by institutions stand at 21.56% with a share float percentage of 21.56%. Investors are also buoyed by the number of investors in a company, with Cloopen Group Holding Limited having a total of 55 institutions that hold shares in the company. The top two institutional holders are TB Alternative Assets Ltd. with over 19.25 million shares worth more than $264.28 million. As of Mar 30, 2021, TB Alternative Assets Ltd. held 12.70% of shares outstanding.
The other major institutional holder is JP Morgan Chase & Company, with the holding of over 6.7 million shares as of Mar 30, 2021. The firm’s total holdings are worth over $91.96 million and represent 4.42% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Matthews International Fds-Matthews Asia Growth Fund and Columbia Fds Ser Tr I-Columbia Global Technology Growth Fd. As of Mar 30, 2021, the former fund manager holds about 0.64% shares in the company for having 0.96 million shares of worth $13.24 million while later fund manager owns 0.11 million shares of worth $2.13 million as of Feb 27, 2021, which makes it owner of about 0.07% of company’s outstanding stock.