Cloopen Group (NYSE:RAAS) Stock Price Up 10% – What’s Next?

Cloopen Group Holding Limited Sponsored ADR (NYSE:RAASGet Free Report)’s stock price shot up 10% during trading on Friday . The stock traded as high as $2.20 and last traded at $2.20. 28,074 shares changed hands during mid-day trading, The stock had previously closed at $2.00.

Cloopen Group Trading Down 6.8%

The business’s 50-day moving average is $1.58 and its 200-day moving average is $1.40.

Cloopen Group Company Profile

(Get Free Report)

Cloopen Group (NYSE: RAAS) is a leading cloud communications provider offering enterprise-grade communications platform as a service (CPaaS) and contact center as a service (CCaaS) solutions. Leveraging proprietary cloud infrastructure and artificial intelligence capabilities, the company enables organizations to integrate voice, messaging, and multimedia interactions into their customer engagement workflows. Its modular platform supports outbound dialing, verified messaging, interactive voice response, video conferencing, and chatbot-driven automation.

The company’s product suite is designed to address customer service, marketing outreach, risk control, and verification needs across diverse industries.

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