OrangeKloud Technology (NASDAQ:ORKT) Stock Price Up 0.9% – Still a Buy?

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

Wall Street Analysts Forecast Growth

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 on the stock.

OrangeKloud Technology Price Performance

The stock has a fifty day simple moving average of $2.15 and a two-hundred day simple moving average of $3.65.

Institutional Trading of OrangeKloud Technology

An institutional investor recently bought a new position in OrangeKloud Technology stock. Schonfeld Strategic Advisors LLC bought a new position in shares of OrangeKloud Technology Inc. (NASDAQ:ORKT) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund bought 48,900 shares of the company’s stock, valued at approximately $148,000.

About OrangeKloud Technology

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.