In last trading session, Kingsoft Cloud Holdings Ltd ADR (NASDAQ:KC) saw 1.66 million shares changing hands with its beta currently measuring 1.99. Company’s recent per share price level of $2.68 trading at -$0.07 or -2.55% at ring of the bell on the day assigns it a market valuation of $679.89M. That closing price of KC’s stock is at a discount of -116.42% from its 52-week high price of $5.80 and is indicating a premium of 24.63% from its 52-week low price of $2.02. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 3.27 million shares which gives us an average trading volume of 1.73 million if we extend that period to 3-months.
For Kingsoft Cloud Holdings Ltd ADR (KC), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 2.12. Splitting up the data highlights that, out of 3 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 1 suggested the stock as a Hold whereas 2 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -0.15 in the current quarter.
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Kingsoft Cloud Holdings Ltd ADR (NASDAQ:KC) trade information
Upright in the red during last session for losing -2.55%, in the last five days KC remained trading in the red while hitting it’s week-highest on Friday, 10/11/24 when the stock touched $2.68 price level, adding 17.79% to its value on the day. Kingsoft Cloud Holdings Ltd ADR’s shares saw a change of -29.10% in year-to-date performance and have moved -15.46% in past 5-day. Kingsoft Cloud Holdings Ltd ADR (NASDAQ:KC) showed a performance of 22.94% in past 30-days. Number of shares sold short was 7.48 million shares which calculate 4.28 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 4.1 to the stock, which implies a rise of 34.63% to its current value. Analysts have been projecting 3.2 as a low price target for the stock while placing it at a high target of 8.5. It follows that stock’s current price would drop -19.4% in reaching the projected high whereas dropping to the targeted low would mean a loss of -19.4% for stock’s current value.
Kingsoft Cloud Holdings Ltd ADR (KC) estimates and forecasts
Statistics highlight that Kingsoft Cloud Holdings Ltd ADR is scoring comparatively higher than the scores of other players of the relevant industry. The company added 0.75% of value to its shares in past 6 months, showing an annual growth rate of 31.58% while that of industry is 18.40. Apart from that, the company came raising its revenue forecast for fiscal year 2024. This year revenue growth is estimated to rise 5.10% from the last financial year’s standing.
2 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 269.11M for the same. And 2 analysts are in estimates of company making revenue of 282.76M in the next quarter. Company posted 227.87M and 242.35M of sales in current and next quarters respectively a year earlier.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -1.55% during past 5 years. In 2024, company’s earnings growth rate is likely to be around 50.30% while estimates for its earnings growth in next 5 years are of 3.84%.
Kingsoft Cloud Holdings Ltd ADR (NASDAQ:KC)’s Major holders
CANADA PENSION PLAN INVESTMENT BOARD is the top institutional holder at KC for having 20.7 million shares of worth $51.96 million. And as of 2024-06-30, it was holding 8.59 of the company’s outstanding shares.
The second largest institutional holder is MORGAN STANLEY, which was holding about 2.34 million shares on 2024-06-30. The number of shares represents firm’s hold over 0.971 of outstanding shares, having a total worth of $5.87 million.
