mCloud Receives Multiple “STRONG BUY” Recommendations

mCloud Technologies

Analysts continue to offer positive recommendations for mCloud Technologies Corp. (TSXV:MCLD) (OTCQB:MCLDF), a revolutionary, AI-powered asset management company.

To date, mCloud has gained more than 100 blue-chip clients and has connected over 35,000 assets in thousands of locations worldwide through its effective and strategic use of AI analytics, IoT, and drone technologies.

mCloud Technologies

Shares of mCloud Technologies Corp. (TSXV:MCLD) (OTCQB:MCLDF) have steadily gained value over the past year. However, between the last week of 2019 and the first week of 2020, the stock made a sudden leap up the market.

This big move was spurred by the news that mCloud planned to raise C$10,000,000 through a fully subscribed private placement. The announcement saw investors flock to MCLD to acquire a position before the stock took off.

Between December 20 and January 6, MCLD rose from $4.00 to $5.72, representing a 43% increase in value in just over two weeks!

Since then, MCLD has held steady around the $5.70 mark, but analysts still see it going much higher.

mCloud Technologies Draws Analysts’ Attention

Two Wall Street analysts have offered mCloud Technologies Corp. (TSXV:MCLD) (OTCQB:MCLDF) an average 12-month price target of C$7.00, meaning the stock is currently trading at a 22% discount.

Enter Your E-mail Address To Subscribe

* indicates required

On top of that, the company has received a “STRONG BUY” recommendation from TradingView’s technical analysis. This algorithm-based analysis takes into account popular technical indicators such as moving averages and oscillators to give an overall assessment of the stock’s price and direction.

The site’s recommendation is led by a remarkable 15 moving averages pointing to MCLD’s viability. This indicates that mCloud can potentially offer investors value in both the short-term and the long-term.

mCloud Technologies Corp. (TSXV:MCLD) (OTCQB:MCLDF) has also received a “STRONG BUY recommendation from’s Daily Technical Analysis summary. This is thanks to a whopping 11 Moving Average indicators suggesting “BUY” and eight Technical Indicators pointing to a “STRONG BUY”.

mCloud Technologies

Finally, the technical analysis on Barchart has awarded mCloud Technologies Corp. (TSXV:MCLD) (OTCQB:MCLDF) a 100% “BUY” rating, based on all 13 indicators.

This puts MCLD’s signal strength in the top 1% of signals and indicates the strongest possible signal direction.

In addition to the technical analyses, Morningstar’s value assessment indicates that mCloud Technologies Corp. (TSXV:MCLD) (OTCQB:MCLDF) is undervalued at its current price. According to the assessment, MCLD is trading at a 13% discount.

As of January 21, mCloud is trading at C$5.70 on the CSE. This is 19.5% lower than Morningstar’s fair value price of C$6.81.

mCloud Closes C$11.5 Million Offering of Special Warrants

Last week, mCloud Technologies Corp. (TSXV:MCLD) (OTCQB:MCLDF) closed the previously announced private placement. The offering of 2,875,000 special warrants at a price of C$4.00 each led to aggregate gross proceeds of C$11.5 million. This includes the full exercise by the agents of an over-allotment option to acquire an additional C$1.5 million worth of special warrants.

The company intends to use the proceeds for working capital and general corporate purposes.

According to mCloud Technologies Corp. (TSXV:MCLD) (OTCQB:MCLDF) President and CEO Russ McMeekin, the offer attracted mainly institutional and international investors and positions the company very well for its upcoming uplisting to the TSX and its plan to list on the NASDAQ in the coming months.

Investors who are interested in the innovative technology space will definitely want to keep an eye on mCloud Technologies Corp. (TSXV:MCLD) (OTCQB:MCLDF).

Featured Image: mCloud Technologies

Please See Disclaimer

If You Liked This Article Click To Share


1) The author of the Article, or members of the author’s immediate household or family, do not own any securities of the companies set forth in this Article. The author determined which companies would be included in this article based on their research and understanding of the sector.

2) The Article was issued on behalf of a third party, Universal mCloud Corp. Market Jar Media Inc. has or expects to receive 233,333 options of Universal mCloud Corp. from 2/25/2019 to 2/25/2020.

3) Statements and opinions expressed are the opinions of the author and not Market Jar Media Inc., its directors or officers. The author is wholly responsible for the validity of the statements. The author was not paid by Market Jar Media Inc. for this Article. Market Jar Media Inc. was not paid by the author to publish or syndicate this Article. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security. Market Jar Media Inc. requires contributing authors to disclose any shareholdings in, or economic relationships with, companies that they write about. Market Jar Media Inc. relies upon the authors to accurately provide this information and Market Jar Media Inc. has no means of verifying its accuracy.

4) The Article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of the information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Market Jar Media Inc.’s terms of use and full legal disclaimer as set forth here.. This Article is not a solicitation for investment. Market Jar Media Inc. does not render general or specific investment advice and the information on should not be considered a recommendation to buy or sell any security. Market Jar Media Inc. does not endorse or recommend the business, products, services or securities of any company mentioned on

5) Market Jar Media Inc. and its respective directors, officers and employees hold no shares for any company mentioned in the Article.