Kingsoft Cloud Holdings Limited (NASDAQ:KC) has a beta value of 0 and has seen 1,095,771 shares traded in the last trading session. The company, currently valued at $10.28 Billion, closed the last trade at $47.17 per share which meant it lost -$0.17 on the day or -0.36% during that session. The KC stock price is -5.83% off its 52-week high price of $49.92 and 63.94% above the 52-week low of $17.01. If we look at the company’s 10-day average daily trading volume, we find that it stood at 1.29 Million shares traded. The 3-month trading volume is 1.61 Million shares.
The consensus among analysts is that Kingsoft Cloud Holdings Limited (KC) is a Buy stock at the moment, with a recommendation rating of 1.8. None of the analysts rate the stock as a Sell, while none rate it as Overweight. 1 out of 13 have rated it as a Hold, with 12 advising it as a Buy. None have rated the stock as Underweight. The expected earnings per share for the stock is -$0.09.
Kingsoft Cloud Holdings Limited (NASDAQ:KC) trade information
Despite being -0.36% in the red in last session, the stock has traded in the green over the last five days, with the highest price hit on Tuesday, Jan 12 when the KC stock price touched $49.38- or saw a rise of 4.48%. Year-to-date, Kingsoft Cloud Holdings Limited shares have moved 8.31%, while the 5-day performance has seen it change 8.46%. Over the past 30 days, the shares of Kingsoft Cloud Holdings Limited (NASDAQ:KC) have changed 0.15%. Short interest in the company has seen 3.19 Million shares shorted with days to cover at 1.98.
Kingsoft Cloud Holdings Limited (KC) estimates and forecasts
Earnings growth for 2021 is a modest +33.6%.
Kingsoft Cloud Holdings Limited (NASDAQ:KC)’s Major holders
Insiders own 1.62% of the company shares, while shares held by institutions stand at 20.62% with a share float percentage of 20.96%. Investors are also buoyed by the number of investors in a company, with Kingsoft Cloud Holdings Limited having a total of 171 institutions that hold shares in the company. The top two institutional holders are First Trust Advisors LP with over 6.35 Million shares worth more than $187.58 Million. As of September 29, 2020, First Trust Advisors LP held 25.41% of shares outstanding.
The other major institutional holder is Carmignac Gestion, with the holding of over 5.61 Million shares as of September 29, 2020. The firm’s total holdings are worth over $165.76 Million and represent 22.45% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are First Tr Exchange Traded Fd II-First Tr Cloud Computing ETF and Baillie Gifford Emerging Markets Equities Fund. As of September 29, 2020, the former fund manager holds about 23.45% shares in the company for having 5861760 shares of worth $173.1 Million while later fund manager owns 1.42 Million shares of worth $41.95 Million as of September 29, 2020, which makes it owner of about 5.68% of company’s outstanding stock.
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