MCLOUD TECHNOLOGIES CORP (MCLD) Forecast, Price Target & Analyst Ratings

NASDAQ:MCLD • CA5822706092

Current stock price

0.111 USD
-0.07 (-37.82%)
At close:
0.091 USD
-0.02 (-18.02%)
After Hours:

Analyst forecast overview

View the latest analyst price targets, stock forecast, EPS estimates, revenue projections, revisions, full estimates, rating distribution and upgrades/downgrades for MCLOUD TECHNOLOGIES CORP (MCLD).

Forecast Snapshot

Consensus Price Target

Price Target
$2.32
+ 1,987.60% Upside
→ Price target details

Next Earnings Forecast

Earnings Estimate
Release Date
Nov 13, 2023
Period
Q1 / 2023
EPS Estimate
-CA$0.76
Revenue Estimate
3.788M
→ Full earnings forecast details

ChartMill Buy Consensus

Rating
80.00%
Weighted Analyst Rating Score
→ Analyst Ratings details

Price Target Details & History

Consensus Price Target and Range

Mean target
$2.32
Upside
+ 1,987.60%
From current price of $0.11 to mean target of $2.32, Based on 5 analyst forecasts
Low
$2.29
Median
$2.32
High
$2.39

Price Target Revisions

1 Month
0.00%
3 Months
0.00%

Price Target Summary

5 Wall Street analysts provided a forecast for the next 12 months for MCLD. The average price target is 2.32 USD. This implies a price increase of 1987.6% is expected in the next year compared to the current price of 0.111.
→ Find peer stocks trading 30% below analyst price target

Analyst Ratings & History

Current Analyst Ratings

MCLD Current Analyst RatingMCLD Current Analyst Buy, Sell and Hold Ratings.Current Analyst Rating Strong Buy Buy Hold Sell Strong Sell 0.5 1 1.5 2 2.5

Analyst Ratings History

MCLD Historical Analyst RatingsMCLD Historical Analyst Buy, Sell and Hold Ratings and number of analysts.Historical Monthly Analyst Rating -19 -17 -15 -13 -11 -9 -7 -5 -3 -1 2 4 6

Analyst Ratings Consensus

ChartMill Buy Consensus
80.00%
MCLD was analyzed by 5 analysts. The buy percentage consensus is at 80. So analysts seem to be have mildly positive about MCLD.
In the previous month the buy percentage consensus was at a similar level.
Only 5 analysts analyzed MCLD. So this is just the average opinion of a couple of analysts.
→ Find peer stocks with a buy consensus above 85%

Recent Upgrades & Downgrades

DateFirmActionFrom → To
2022-11-15Alliance Global PartnersDowngrade Buy -> Neutral
2022-10-25Alliance Global PartnersMaintains Buy

Next Earnings Forecast Details

Next Earnings Details

Release Date
Nov 13, 2023
Period
Q1 / 2023
EPS Estimate
-CA$0.76
Revenue Estimate
3.788M
Revenue Q2Q
-14.48%
EPS Q2Q
0.33%
Number of Analysts
2

Next Earnings Revisions

Revenue (1 Month)
N/A
Revenue (3 Months)
N/A
EPS (1 Month)
N/A
EPS (3 Months)
N/A

Next Earnings Summary

MCLD is expected to report earnings on 11/13/2023. The consensus EPS estimate for the next earnings is -0.76 USD and the consensus revenue estimate is 3.79M USD.
→ Find peers expecting at least 20% revenue growth next quarter

Full Analyst Estimates 2022 - 2024

Yearly Earnings Per Share (EPS), Revenue, EBIT, EBITDA and Operating Margin Analyst Estimates

2019 2020 2021 2022 2023 2024
Revenue
YoY % growth
MCLD revenue by date.MCLD revenue by date.
18.34M
922.04%		26.928M
46.83%		25.597M
-4.94%		14.443M
-43.58%		27.775M
92.31%		42.42M
52.73%
EBITDA
YoY % growth
MCLD ebitda by date.MCLD ebitda by date.
-12.336M
-14.74%		-22.936M
-85.92%		-29.827M
-30.05%		-41.158M
-37.99%		-22.675M
44.91%		-15.756M
30.51%
EBIT
YoY % growth
MCLD ebit by date.MCLD ebit by date.
-16.38M
-45.35%		-29.714M
-81.40%		-38.752M
-30.42%		-51.207M
-32.14%		-32.522M
36.49%		-27.624M
15.06%
Operating Margin
MCLD operating margin by date.MCLD operating margin by date.
-89.31%-110.34%-151.39%-354.55%-117.09%-65.12%
EPS
YoY % growth
MCLD eps by date.MCLD eps by date.
-7.50
-38.89%		N/A
32.53%		-3.25
35.77%		-2.79
14.23%		-2.63
5.80%		-2.06
21.54%

All data in CAD

Quarterly Earnings Per Share (EPS), Revenue, EBIT and EBITDA Analyst Estimates

Q1 / 23 Q2 / 23 Q3 / 23 Q4 / 23
EPS
Q2Q % growth		-0.76
0.33%		-0.71
-8.77%		-0.63
-15.96%		-0.54
Revenue
Q2Q % growth		3.788M
-14.48%		4.04M
78.05%		6.06M
108.53%		8.585M
EBITDA
Q2Q % growth		-7.777M
22.94%		-7.474M
27.48%		-6.161M
2.38%		-4.747M
EBIT
Q2Q % growth		-10.302M
14.40%		-9.999M
28.96%		-8.686M
32.99%		-7.272M

All data in CAD

Yearly Earnings Per Share (EPS) and Revenue Trends vs Historical Data

MCLD Yearly Revenue VS EstimatesMCLD Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2017 2018 2019 2020 2021 2022 2023 2024 10M 20M 30M 40M
MCLD Yearly EPS VS EstimatesMCLD Yearly EPS VS EstimatesYearly EPS VS Estimates 2017 2018 2019 2020 2021 2022 2023 2024 -2 -4 -6

Long Term Forward Growth Forecast Summary

Long Term EPS Growth (CAGR)

EPS Next 3 Year
10.96%
EPS Next 5 Year
N/A

Long Term Revenue Growth (CAGR)

Revenue Next 3 Year
10.99%
Revenue Next 5 Year
N/A

Long Term EBIT Growth (CAGR)

EBIT Next 3 Year
13.60%
EBIT Next 5 Year
N/A
→ Find peers expecting at least 20% CAGR revenue growth over the next 3 years

MCLOUD TECHNOLOGIES CORP / MCLD Forecast FAQ

What do analysts expect the price target to be for MCLOUD TECHNOLOGIES CORP (MCLD)?

5 analysts have analysed MCLD and the average price target is 2.32 USD. This implies a price increase of 1987.6% is expected in the next year compared to the current price of 0.111.

Can you provide the upcoming earnings date for MCLOUD TECHNOLOGIES CORP?

MCLOUD TECHNOLOGIES CORP (MCLD) will report earnings on 2023-11-13.

What are the consensus estimates for MCLD stock next earnings?

The consensus EPS estimate for the next earnings of MCLOUD TECHNOLOGIES CORP (MCLD) is -0.76 USD and the consensus revenue estimate is 3.79M USD.

How do analysts rate MCLOUD TECHNOLOGIES CORP (MCLD)?

The consensus rating for MCLOUD TECHNOLOGIES CORP (MCLD) is 80 / 100 . This indicates that analysts generally have a positive outlook on the stock.