Orangekloud Technology (NASDAQ:ORKT) Stock Price Up 4.3% – Still a Buy?

Orangekloud Technology Inc. (NASDAQ:ORKT)’s stock price traded up 4.3% during trading on Monday . The stock traded as high as $1.2528 and last traded at $1.14. 84,043 shares traded hands during trading, an increase of 168% from the average session volume of 31,358 shares. The stock had previously closed at $1.0929.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Orangekloud Technology in a research report on Wednesday, October 8th. One analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Orangekloud Technology presently has an average rating of “Hold” and a consensus price target of $20.00.

Orangekloud Technology Trading Down 10.2%

The firm’s 50 day moving average is $1.83 and its 200 day moving average is $2.24.

Institutional Investors Weigh In On Orangekloud Technology

A hedge fund recently bought a new stake in Orangekloud Technology stock. Citadel Advisors LLC purchased a new position in Orangekloud Technology Inc. (NASDAQ:ORKT) during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 16,601 shares of the company’s stock, valued at approximately $34,000. Citadel Advisors LLC owned approximately 0.28% of Orangekloud Technology at the end of the most recent quarter.

About Orangekloud Technology

Orangekloud Technology, Inc is a holding company, which engages in providing information technology consulting services. Its digital transformation projects include the sales and consulting of Microsoft Dynamics ERP software licenses. It operates through the Packaged Software Solutions, and No-Code Platform and Mobile Application segments.