In the last trading session, 2.87 million shares of the Kingsoft Cloud Holdings Ltd ADR (NASDAQ:KC) were traded, and its beta was 2.09. Most recently the company’s share price was $4.59, and it changed around $0.25 or 5.76% from the last close, which brings the market valuation of the company to $1.16B. KC currently trades at a discount to its 52-week high of $5.64, offering almost -22.88% off that amount. The share price’s 52-week low was $2.02, which indicates that the current value has risen by an impressive 55.99% since then. We note from Kingsoft Cloud Holdings Ltd ADR’s average daily trading volume that its 10-day average is 4.25 million shares, with the 3-month average coming to 2.58 million.

Kingsoft Cloud Holdings Ltd ADR stock received a consensus recommendation rating of Buy, based on a mean score of 2.00. If we narrow it down even further, the data shows that 0 out of 12 analysts rate the stock as a Sell; another 3 rate it as Overweight. Among the rest, 4 recommended KC as a Hold, whereas 5 deemed it a Buy, and 0 rated it as Underweight. Kingsoft Cloud Holdings Ltd ADR is expected to report earnings per share of -0.75 for the current quarter.

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

Instantly KC has showed a green trend with a performance of 5.76% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 5.16 on recent trading dayincreased the stock’s daily price by 11.05%. The company’s shares are currently up 21.43% year-to-date, but still up 12.50% over the last five days. On the other hand, Kingsoft Cloud Holdings Ltd ADR (NASDAQ:KC) is 65.70% up in the 30-day period. We can see from the shorts that 5.88 million shares have been sold at a short interest cover period of 1.78 day(s).

The consensus price target as assigned by Wall Street analysts is $4.1, which translates to bulls needing to decrease their stock price by -11.95% from its current value. Analyst projections state that KC is forecast to be at a low of $3.2 and a high of $8.5.

Kingsoft Cloud Holdings Ltd ADR (KC) estimates and forecasts

Kingsoft Cloud Holdings Ltd ADR share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 43.89 percent over the past six months and at a 31.58% annual growth rate that is well above the industry average of 25.30%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will gain 28.80% in revenue this quarter, and will report an increase of 16.77% in the next quarter. The year-over-year growth rate is expected to be 6.98%, up from the previous year.

Consensus estimates provided by 1 financial analysts predict the company will bring in an average of 2.11B in revenue for the current quarter. 2 analysts expect Kingsoft Cloud Holdings Ltd ADR to make 1.77B in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 1.72B and 1.78B respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 22.35%. Forecasts for the next quarter put sales growth at -0.47%.

Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -1.55%. Kingsoft Cloud Holdings Ltd ADR earnings are expected to increase by 48.39% in 2024, but the outlook is positive 3.81% per year for the next five years.

KC Dividends

Kingsoft Cloud Holdings Ltd ADR’s next quarterly earnings report is expected to be released in December.

MORGAN STANLEY, with 0.971% or 2.34 million shares worth $5.87 million as of 2024-06-30, holds the second largest percentage of outstanding shares.