Is cloopen group (cloopen) stock a buy or sell?
Apr 14, 2022 · Cloopen Group saw a drop in short interest in the month of March. As of March 15th, there was short interest totaling 1,210,000 shares, a drop of 45.2% from the February 28th total of 2,210,000 shares. Based on an average trading volume of 683,200 shares, the short-interest ratio is currently 1.8 days. View Cloopen Group's Short Interest.
Is cloopen group's P/E ratio good or bad?
Aug 11, 2021 · What happened Shares of Cloopen Group Holding Limited (NYSE: RAAS), the Beijing-based provider of cloud-based communications, jumped 14.5% through 12:15 p.m. EDT after reporting a "sales beat" but ...
Who are the top institutional investors in cloopen group?
Apr 22, 2022 · Negative. Very Negative. Source. Headline. Cloopen Group (NYSE:RAAS) Shares Down 4.1%. americanbankingnews.com - April 19 at 1:39 AM. FILING DEADLINE TODAY: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Cloopen Group Holding Limited - RAAS. apnews.com - February 9 at 8:41 AM.
Will Cloopen Group stock go up?
The Cloopen Group Holding Limited stock price fell by -2.81% on the last day (Thursday, 7th Apr 2022) from $1.78 to $1.73. and has now fallen 4 days in a row....Predicted Opening Price for Cloopen Group Holding Limited of Friday, April 8, 2022.Fair opening price April 8, 2022Current price$1.74$1.73 (Undervalued)
Is RAAS stock a good buy?
The consensus among 1 Wall Street analyst covering (NYSE: RAAS) stock is to Strong Buy RAAS stock.
What does Cloopen group do?
The firm provides cloud-based communications services for businesses in China.Mar 15, 2022
Are investors shorting Cloopen Group?
Cloopen Group saw a increase in short interest in the month of February. As of February 28th, there was short interest totaling 2,210,000 shares, a...
When is Cloopen Group's next earnings date?
Cloopen Group is scheduled to release its next quarterly earnings announcement on Friday, March 25th 2022. View our earnings forecast for Cloopen...
How were Cloopen Group's earnings last quarter?
Cloopen Group Holding Limited (NYSE:RAAS) posted its quarterly earnings data on Wednesday, June, 9th. The company reported ($0.57) earnings per sha...
Who are Cloopen Group's key executives?
Cloopen Group's management team includes the following people: Mr. Changxun Sun , CEO & Chairman (Age 45) Mr. Yipeng Li , CFO & Director (Age...
Who are some of Cloopen Group's key competitors?
Some companies that are related to Cloopen Group include Sumo Logic (SUMO) , Consensus Cloud Solutions (CCSI) , UserTesting (USER) , Cellebrite...
When did Cloopen Group IPO?
(RAAS) raised $280 million in an initial public offering on Tuesday, February 9th 2021. The company issued 20,000,000 shares at a price of $13.00-$...
What is Cloopen Group's stock symbol?
Cloopen Group trades on the New York Stock Exchange (NYSE) under the ticker symbol "RAAS."
Who are Cloopen Group's major shareholders?
Cloopen Group's stock is owned by a variety of institutional and retail investors. Top institutional investors include JPMorgan Chase & Co. (1.89%)...
Which institutional investors are selling Cloopen Group stock?
RAAS stock was sold by a variety of institutional investors in the last quarter, including JPMorgan Chase & Co., Marshall Wace LLP, Millennium Mana...
What is Cloopen Group?
Cloopen Group Holding Limited (NYSE: RAAS) ("Cloopen" or the "Company"), a leading multi-capability cloud-based communications solution provider in China, today announced its unaudited financial results for the fourth quarter and the fiscal year ended December 31, 2020.
What is Cloopen Group Holding Limited?
Cloopen Group Holding Limited ("Cloopen" or the "Company") (NYSE: RAAS), a leading multi-capability cloud-based communications solution provider in China, today announced that it has entered into a definitive agreement to acquire all the equity interests of EliteCRM, a leading customer relationship management software provider. In connection with the acquisition, the Company agreed to offer equity awards in the form of restricted shares in the aggregate of less than 1% of its outstanding share capital on a fully-diluted basis to certain management members of EliteCRM. These restricted shares will be issued under a private placement pursuant to an exemption or exclusion from the registration requirements under the Securities Act of 1933, as amended, and will be subject to a vesting schedule of two years and forfeiture to the extent any share remains unvested in case of early termination of employment.
What is a cloopen?
Cloopen Group Holding Limited ("Cloopen" or the "Company") (NYSE: RAAS), a leading multi-capability cloud-based communications solution provider in China, today announced that it will report its unaudited financial results for the fourth quarter and full year 2020 before the U.S. market open on Friday, March 26, 2021.
How much did Cloopen sell in 2021?
On or about February 9, 2021, Cloopen sold about 20 million shares of stock in its initial public stock offering (the "IPO") at $16 a share, raising nearly $320 million in new capital. Since the IPO the stock has plummeted, closing at $7.81 on June. PR Newswire • 2 months ago.
A better question might be: Why did Cloopen stock go up at all Thursday?
I like things that go "boom." Sonic or otherwise, that means I tend to gravitate towards defense and aerospace stocks. But to tell the truth, over the course of a dozen years writing for The Motley Fool, I have covered -- and continue to cover -- everything from retailers to consumer goods stocks, and from tech to banks to insurers as well.
What happened
Shares of Cloopen Group Holding ( NYSE:RAAS), a Beijing-based provider of cloud-based communications, soared by nearly 19% in early trading Thursday before executing a clean 180-degree turn and giving almost all of those gains back. By the close of trading, Cloopen stock was up by only 3.8%.
So what
As you've probably guessed already -- this being earnings season after all -- this was third-quarter earnings day for Cloopen. The company reported its Q3 revenues grew more than 125% year over year to $42.9 million, and its gross margins rose by 540 basis points to 43.5% -- offering plenty of reasons for investors to get excited.
Now what
Cloopen also gave what appears to be disappointing guidance for the final quarter of the year, forecasting that sales will grow only by 26.8% to 28.7%. While those are pretty great numbers in the abstract, that rate of sales growth would be far slower than the triple-digit percentage pace set in Q3.
