Kingsoft Cloud Holdings Ltd ADR (NASDAQ:KC) has a beta value of 1.98 and has seen 1.31 million shares traded in the last trading session. The company, currently valued at $575.32M, closed the last trade at $2.41 per share which meant it lost -$0.12 on the day or -4.74% during that session. The KC stock price is -151.87% off its 52-week high price of $6.07 and 7.05% above the 52-week low of $2.24. If we look at the company’s 10-day average daily trading volume, we find that it stood at 0.79 million shares traded. The 3-month trading volume is 834.34K shares.
The consensus among analysts is that Kingsoft Cloud Holdings Ltd ADR (KC) is Buy stock at the moment, with a recommendation rating of 2.11. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 1 out of 3 have rated it as a Hold, with 2 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is -0.15.
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Kingsoft Cloud Holdings Ltd ADR (NASDAQ:KC) trade information
Sporting -4.74% in the red in last session, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the KC stock price touched $2.41 or saw a rise of 8.71%. Year-to-date, Kingsoft Cloud Holdings Ltd ADR shares have moved -36.24%, while the 5-day performance has seen it change -0.82%. Over the past 30 days, the shares of Kingsoft Cloud Holdings Ltd ADR (NASDAQ:KC) have changed -10.74%. Short interest in the company has seen 8.35 million shares shorted with days to cover at 12.14.
Wall Street analysts have a consensus price target for the stock at $4.4, which means that the shares’ value could jump 45.23% from current levels. The projected low price target is $3.8 while the price target rests at a high of $8.5. In that case, then, we find that the current price level is -252.7% off the targeted high while a plunge would see the stock gain -57.68% from current levels.
Kingsoft Cloud Holdings Ltd ADR (KC) estimates and forecasts
Figures show that Kingsoft Cloud Holdings Ltd ADR shares have outperformed across the wider relevant industry. The company’s shares have lost -12.68% over the past 6 months, with this year growth rate of 42.11%, compared to 22.10% for the industry. Revenue growth from the last financial year stood is estimated to be 3.10%.
3 analysts offering their estimates for the company have set an average revenue estimate of 254.69M for the current quarter. 3 have an estimated revenue figure of 261.78M for the next ending quarter. Year-ago sales stood 272.02M and 227.87M respectively for this quarter and the next, and analysts expect sales will shrink by -6.40% for the current quarter and 3.10% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -1.55% over the past 5 years. Earnings growth for 2024 is a modest 54.72% while over the next 5 years, the company’s earnings are expected to increase by 25.00%.
Kingsoft Cloud Holdings Ltd ADR (NASDAQ:KC)’s Major holders
The top two institutional holders are CANADA PENSION PLAN INVESTMENT BOARD with over 22.04 million shares worth more than $67.0 million. As of 2024-03-31, CANADA PENSION PLAN INVESTMENT BOARD held 9.2747% of shares outstanding.
The other major institutional holder is ARTISAN PARTNERS LIMITED PARTNERSHIP, with the holding of over 0.69 million shares as of 2024-03-31. The firm’s total holdings are worth over $2.09 million and represent 0.2894% of shares outstanding.
