Kingsoft Cloud Holdings Limited (NASDAQ:KC) has seen 1.84 million shares traded in the last trading session. The company, currently valued at $1.26B, closed the last trade at $5.20 per share which meant it gained $0.34 on the day or 7.00% during that session. The KC stock price is -125.38% off its 52-week high price of $11.72 and 65.96% above the 52-week low of $1.77. If we look at the company’s 10-day average daily trading volume, we find that it stood at 2.58 million shares traded. The 3-month trading volume is 2.39 million shares.
The consensus among analysts is that Kingsoft Cloud Holdings Limited (KC) is a Hold stock at the moment, with a recommendation rating of 2.50. 1 analysts rate the stock as a Sell, while 0 rate it as Overweight. 3 out of 8 have rated it as a Hold, with 3 advising it as a Buy. 1 have rated the stock as Underweight. The expected earnings per share for the stock is -$0.23.
Kingsoft Cloud Holdings Limited (NASDAQ:KC) trade information
Sporting 7.00% in the green in last session, the stock has traded in the green over the last five days, with the highest price hit on Monday, 01/23/23 when the KC stock price touched $5.20 or saw a rise of 0.38%. Year-to-date, Kingsoft Cloud Holdings Limited shares have moved 35.77%, while the 5-day performance has seen it change 16.07%. Over the past 30 days, the shares of Kingsoft Cloud Holdings Limited (NASDAQ:KC) have changed 59.02%. Short interest in the company has seen 7.11 million shares shorted with days to cover at 3.39.
Wall Street analysts have a consensus price target for the stock at $31.05, which means that the shares’ value could jump 83.25% from current levels. The projected low price target is $13.14 while the price target rests at a high of $46.97. In that case, then, we find that the current price level is -803.27% off the targeted high while a plunge would see the stock gain -152.69% from current levels.
Kingsoft Cloud Holdings Limited (KC) estimates and forecasts
Figures show that Kingsoft Cloud Holdings Limited shares have outperformed across the wider relevant industry. The company’s shares have gained 46.89% over the past 6 months, with this year growth rate of 20.00%, compared to 7.20% for the industry. Other than that, the company has, however, increased its growth outlook for the 2023 fiscal year revenue. Growth estimates for the current quarter are 4.20% and 41.20% for the next quarter. Revenue growth from the last financial year stood is estimated to be -9.10%.
3 analysts offering their estimates for the company have set an average revenue estimate of $310.46 million for the current quarter. 3 have an estimated revenue figure of $347.13 million for the next quarter concluding in Dec 2022. Year-ago sales stood $379.83 million and $397.33 million respectively for this quarter and the next, and analysts expect sales will shrink by -18.30% for the current quarter and -12.60% for the next.
Kingsoft Cloud Holdings Limited is expected to release its next earnings report between March 22 and March 27 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Kingsoft Cloud Holdings Limited (NASDAQ:KC)’s Major holders
Insiders own 0.00% of the company shares, while shares held by institutions stand at 23.94% with a share float percentage of 23.94%. Investors are also buoyed by the number of investors in a company, with Kingsoft Cloud Holdings Limited having a total of 167 institutions that hold shares in the company. The top two institutional holders are Canada Pension Plan Investment Board with over 11.07 million shares worth more than $49.27 million. As of Jun 29, 2022, Canada Pension Plan Investment Board held 4.55% of shares outstanding.
The other major institutional holder is Krane Funds Advisors LLC, with the holding of over 5.2 million shares as of Jun 29, 2022. The firm’s total holdings are worth over $23.15 million and represent 2.14% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are KraneShares CSI China Internet ETF and MFS Series Trust X-MFS Emerging Markets Equity Fund. As of Jun 29, 2022, the former fund manager holds about 2.06% shares in the company for having 5.01 million shares of worth $22.29 million while later fund manager owns 2.89 million shares of worth $9.93 million as of Aug 30, 2022, which makes it owner of about 1.18% of company’s outstanding stock.