Kingsoft Cloud Holdings Ltd ADR (NASDAQ: KC) Stock’s Potential for Success in the Coming Months

In the latest trading session, 1.16 million Kingsoft Cloud Holdings Ltd ADR (NASDAQ:KC) shares changed hands as the company’s beta touched 2.37. With the company’s most recent per share price at $4.82 changed hands at -$0.69 or -12.61% at last look, the market valuation stands at $1.14B. KC’s current price is a discount, trading about -110.17% off its 52-week high of $10.13. The share price had its 52-week low at $2.35, which suggests the last value was 51.24% up since then. When we look at Kingsoft Cloud Holdings Ltd ADR’s average trading volume, we note the 10-day average is 0.72 million shares, with the 3-month average coming to 890.89K.

Analysts gave the Kingsoft Cloud Holdings Ltd ADR (KC) stock a consensus recommendation rating of a Hold, calculated at a mean rating of 2.50. If we narrow down to specifics, the data shows that 1 out of 10 analysts rate the stock as a Sell, with a further 2 assigning it an Overweight rating. Of the remaining, 3 recommended KC as a Hold, 3 felt it is a Buy and 1 rated the stock as Underweight. Kingsoft Cloud Holdings Ltd ADR’s EPS for the current quarter is expected to be -$0.17.

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Kingsoft Cloud Holdings Ltd ADR (NASDAQ:KC) trade information

Instantly KC was in red as seen in intraday trades today. With action -13.09%, the performance over the past five days has been red. The drop to weekly highs of 5.80 on Monday, 11/20/23 subtracted -12.61% to the stock’s daily price. The company’s shares are showing year-to-date upside of 25.72%, with the 5-day performance at -13.09% in the red. However, in the 30-day time frame, Kingsoft Cloud Holdings Ltd ADR (NASDAQ:KC) is 8.45% up. Looking at the short shares, we see there were 8.53 million shares sold at short interest cover period of 12.3 days.

The consensus price target for the stock as assigned by Wall Street analysts is $40.50, meaning bulls need an upside of 88.1% from its recent market value. According to analyst projections, KC’s forecast low is $14.22 with $50.30 as the target high. To hit the forecast high, the stock’s price needs a -943.57% plunge from its current level, while the stock would need to soar -195.02% for it to hit the projected low.

Kingsoft Cloud Holdings Ltd ADR (KC) estimates and forecasts

Data shows that the Kingsoft Cloud Holdings Ltd ADR share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 10.94% over the past 6 months, a 33.05% in annual growth rate that is considerably higher than the industry average of 18.40%. Moreover, analysts have looked to higher expectations by upgrading its fiscal year 2023 revenue estimates. The rating firms predict current quarter revenue for Kingsoft Cloud Holdings Ltd ADR will rise 41.40%, while the growth in revenue is estimated to hit 46.90% for the next quarter. Year-over-year growth is forecast to reach -9.20% down from the last financial year.

Consensus estimates given by 3 financial analysts project the company’s revenue in the current quarter to hit an average of $244.77 million. 3 analysts are of the opinion that Kingsoft Cloud Holdings Ltd ADR’s revenue for the quarter ending Dec 2023 will be $268.08 million. The company’s revenue for the corresponding quarters a year ago was $290.18 million and $296.78 million respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -15.60%. The estimates for the next quarter sales put growth at -9.70%.

Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -13.03%. The 2023 estimates are for Kingsoft Cloud Holdings Ltd ADR earnings to decrease by -727.96%.

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