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What Do Analysts Say About Cloopen Group Holding Limited (RAAS)?

How have the shares performed?


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Cloopen Group Holding Limited (RAAS) saw an uptrend of 2.97% in the recent trading with $9.71 being its most recent. The current price level -83.54% lower than the highest price of $59.00 marked by the stock while trading over the past 52-weeks, whereas it is 16.01% higher than the lowest price of $8.37 the company dropped to over past 52-weeks. The latest news story on RAAS appeared in PR Newswire under the title “Cloopen Group Holding Limited to Report First Quarter 2021 Financial Results on June 10, 2021 Eastern Time” on May-27-21.

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Squeezing the time span to 30 day period shows us the stock is currently trading -8.31% below one month high and is +16.01% above of the lowest during that time. Looking into the simple moving average, Cloopen Group Holding Limited (RAAS)’s stock stands at a SMA-50 of $10.54 while that of 5-day is reading $9.45.

Do analysts rate it as a buy, sell or hold?

Irrespective of recent performance, what’s important is what the future holds. In uncertain economic times, a clear picture is difficult to get. Analysts generally have a good understanding of the market works, which gives them a leg up in making predictions. Currently, the stock has been recommended as Moderate Buy by 2 of the brokerage firms. Analyst ratings are often compiled into a single score from 1 to 5. The score of 1 signifies buy or strong buy, the score of 2 signifies outperform, the score of 3 means hold, and the score of 4 indicates underperform. The simple numeric range of brokerage firm referenced at the scale of 1 to 5 reads a current average recommendation of 2.00 for the stock.

Cloopen Group Holding Limited Earnings – What Happened With RAAS

Coming around sales and income figures, publically trading companies under normal circumstances post earnings and revenues near to average estimates by the Wall Street analysts, but those could came either above or below estimates and known as surprise factor. Cloopen Group Holding Limited (RAAS) last released financial results for the quarter that ended 12/30/2020, posting a surprise factor of -39,100.00% for net revenue.

RAAS – Cloopen Group Holding Limited Stock Earnings Estimates

The perspective of Cloopen Group Holding Limited (NYSE:RAAS)’s current quarter earnings identifies that analysts are in consensus over the estimate of -0.03 for stock’s EPS in the current quarter. 1 analysts covering the stock at Wall Street were agreed upon that EPS consensus. Company’s EPS for the last quarter was -11.76.

Investors get the exact data about the key information of institutional ownership in a listed company through its 13F filings at the Stock Exchange Commission (SEC). The total number of common shares currently owned by the public is 166.86 million. RAAS does have institutional investors; and they hold 21.70% of the stock.

Cloopen Group Holding Limited – Insider Activity and Holdings

As on Mar 30, 2021, TB Alternative Assets Ltd. was the top most holder in Cloopen Group Holding Limited (NYSE:RAAS) with an ownership of 19.25 million shares of the company or 12.70% of the stake worth $264.28 million. The filing also reveals JP Morgan Chase & Company as the second largest holder in the company with a control over 4.42% of the outstanding shares. Its stake is worth $91.96 million for having 6.7 million shares in hand.

Tybourne Capital Management (HK) Limited also came holding a key position in the company during the recent quarter and it now holds 0.81% of the outstanding shares. With this there are now 55 institutions which have possession in RAAS’s shares.

Currently, the stock has been recommended as Moderate Buy by 2 of the brokerage firms. Analyst ratings are often compiled into a single score from 1 to 5. The score of 1 signifies buy or strong buy, the score of 2 signifies outperform, the score of 3 means hold, and the score of 4 indicates underperform. The simple numeric range of brokerage firm referenced at the scale of 1 to 5 reads a current average recommendation of 2.00 for the stock.

Technical Analysis of Cloopen Group Holding Limited (NYSE:RAAS) stock

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