New developments have analysts across the industry giving positive recommendations about Universal mCloud Corp. (TSXV:MCLD) (OTCQB:MCLDF). The AI-powered asset management company recently announced a deal with Britwind to upgrade wind turbines and improve their performance using analytic and artificial intelligence.
In a research update to clients today, Echelon Wealth Partners analyst Gianluca Tucci maintained his “Speculative Buy” rating and a one-year price target of $0.80 on MCLD, implying a return of 111 percent at the time of publication.
According to MarketWatch analysis, Universal mCloud Corp. has had a consistent mean BUY recommendation from analysts for the past 3 months.
On March 28th, Universal mCloud Corp. (TSX.V:MCLD) Canadian listed stock price hit CAD $0.43 with a trading volume of 279,740 shares on the TSX.V, while the US-listed stock (OTCQB:MCLDF) traded at USD $0.31 with a trading volume of 58.9k shares.
Universal mCloud Corp. has a market cap of CAD $37.798M with 92,189,598 shares issued.
Universal mCloud Corp. has received a solid BUY recommendation from Investing.com’s Daily Technical Analysis summary, with a whopping 12 Moving Average indicators suggesting “BUY” and 8 Technical Indicators indicating “STRONG BUY”.
MCLD Consensus Estimates
Universal mCloud Corp. currently has a “BUY” recommendation from TradingView’s technical analysis, which takes into account multiple indicators to give an overall assessment of the stock’s price and direction. While the overall recommendation is a “BUY”, the moving averages indicators have been awarded a “STRONG BUY”.
Universal mCloud Corp. also received a “Fairly Valued” rating from Morningstar.
According to Morningstar’s value assessment, Universal mCloud Corp. traded at a 14% discount. Universal mCloud Corp. traded with at fair value price of between CAD $0.43 and CAD $0.42 on March 28th.
According to Morningstar, Universal mCloud Corp. has a fair value of $0.48 per share as of March 28, 2019 with a three-star rating. Their assessment is a 14% discount to their target price.
Overall, the sentiment on the street is quite positive with several buy ratings for Universal mCloud Corp. (TSX.V:MCLD) (OTCQB:MCLDF) from analysts across the board.