Analysts who follow Cloopen Group Holding Ltd – ADR (RAAS) expect on average an increase of 710.81% over the next twelve months. These same analysts give the stock an average Strong Buy rating. This average rating gives the RAAS an analyst rank of 74, meaning it ranks higher than 74 stocks, based on data compiled by Investors Observer.
Why are analyst ratings important?
A company’s financial statements are an important factor weighted by experts when analyzing the health of a business. Beyond the numbers, analysts follow specific sectors closely and are able to understand in detail how a storm in one part of the world can shut down supply chains, causing consumption to shift across the world. This knowledge allows investors to react to potential market changes before they are revealed in a quarterly announcement.
Investors Observer averages the scores of all these analysts and ranks those averages into percentiles. This allows you to compare stocks in more detail than the usual five-tier system used by the majority of investors.
What’s going on with Cloopen Group Holding Ltd – ADR Stock Today?
Cloopen Group Holding Ltd – ADR (RAAS) stock is up 4.56% while the S&P 500 is down -0.19% at 9:55 a.m. on Monday, December 13. The RAAS was up $ 0.14 from the previous closing price of $ 3.18 on a volume of 695,638 shares. Over the past year, the S&P 500 is up 20.24% while the RAAS is down -93.06%. RAAS has lost – $ 6.33 per share in the past 12 months. Click here for the full stock report for Cloopen Group Holding Ltd – ADR stock.