OrangeKloud Technology (NASDAQ:ORKT) Stock Price Up 0.9% – What’s Next?

OrangeKloud Technology Inc. (NASDAQ:ORKT)’s share price rose 0.9% during mid-day trading on Thursday . The stock traded as high as $1.18 and last traded at $1.15. Approximately 166,855 shares were traded during mid-day trading, a decline of 97% from the average daily volume of 5,437,404 shares. The stock had previously closed at $1.14.

Wall Street Analyst Weigh In

Separately, Maxim Group initiated coverage on shares of OrangeKloud Technology in a report on Thursday, January 30th. They issued a “buy” rating and a $5.00 target price for the company.

OrangeKloud Technology Stock Down 4.3 %

The business’s 50 day moving average price is $2.06 and its 200 day moving average price is $3.60.

Institutional Trading of OrangeKloud Technology

An institutional investor recently bought a new position in OrangeKloud Technology stock. Schonfeld Strategic Advisors LLC purchased a new position in OrangeKloud Technology Inc. (NASDAQ:ORKT) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 48,900 shares of the company’s stock, valued at approximately $148,000.

OrangeKloud Technology Company Profile

Orangekloud Technology Inc, an investment holding company, provides enterprise application development services in Singapore, Indonesia, Malaysia, the United States, and internationally. It offers eMOBIQ platform, a No-Code rapid mobile application development platform for SMEs and organizations to design, build, and implement enterprise-grade custom applications with no coding required.