Kingsoft Cloud Holdings Ltd ADR (NASDAQ:KC) has a beta value of 1.99 and has seen 5.69 million shares traded in the last trading session. The company, currently valued at $839.71M, closed the last trade at $3.31 per share which meant it gained $0.54 on the day or 19.49% during that session. The KC stock price is -75.23% off its 52-week high price of $5.80 and 38.97% above the 52-week low of $2.02. If we look at the company’s 10-day average daily trading volume, we find that it stood at 2.41 million shares traded. The 3-month trading volume is 2.06 million shares.
The consensus among analysts is that Kingsoft Cloud Holdings Ltd ADR (KC) is Buy stock at the moment, with a recommendation rating of 2.12. 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 19.49% in the green in last session, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the KC stock price touched $3.31 or saw a rise of 0.3%. Year-to-date, Kingsoft Cloud Holdings Ltd ADR shares have moved -12.43%, while the 5-day performance has seen it change 12.97%. Over the past 30 days, the shares of Kingsoft Cloud Holdings Ltd ADR (NASDAQ:KC) have changed -20.43%. Short interest in the company has seen 6.78 million shares shorted with days to cover at 2.02.
Wall Street analysts have a consensus price target for the stock at $4.1, which means that the shares’ value could jump 19.27% from current levels. The projected low price target is $3.2 while the price target rests at a high of $8.5. In that case, then, we find that the current price level is -156.8% off the targeted high while a plunge would see the stock lose 3.32% 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 gained 3.44% over the past 6 months, with this year growth rate of 31.58%, compared to 19.70% for the industry. Revenue growth from the last financial year stood is estimated to be 5.60%.
2 analysts offering their estimates for the company have set an average revenue estimate of 271.78M for the current quarter. 2 have an estimated revenue figure of 285.53M for the next ending quarter. Year-ago sales stood 227.87M and 242.35M respectively for this quarter and the next, and analysts expect sales will grow by 19.30% for the current quarter and 5.60% 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 50.70% while over the next 5 years, the company’s earnings are expected to increase by 3.82%.
KC Dividends
Kingsoft Cloud Holdings Ltd ADR is expected to release its next earnings report in December this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Kingsoft Cloud Holdings Ltd ADR (NASDAQ:KC)’s Major holders
The top two institutional holders are CANADA PENSION PLAN INVESTMENT BOARD with over 20.7 million shares worth more than $51.96 million. As of 2024-06-30, CANADA PENSION PLAN INVESTMENT BOARD held 8.59% of shares outstanding.
The other major institutional holder is MORGAN STANLEY, with the holding of over 2.34 million shares as of 2024-06-30. The firm’s total holdings are worth over $5.87 million and represent 0.971% of shares outstanding.
