Kingsoft Cloud Holdings Ltd ADR (NASDAQ:KC) has a beta value of 2.44 and has seen 4.52 million shares traded in the last trading session. The company, currently valued at $1.51B, closed the last trade at $5.97 per share which meant it lost -$0.98 on the day or -14.10% during that session. The KC stock price is -21.27% off its 52-week high price of $7.24 and 66.16% 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 5.38 million shares traded. The 3-month trading volume is 3.02 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 1.78. 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 -0.72.
Kingsoft Cloud Holdings Ltd ADR (NASDAQ:KC) trade information
Sporting -14.10% in the red 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 $5.97 or saw a rise of 17.54%. Year-to-date, Kingsoft Cloud Holdings Ltd ADR shares have moved 57.94%, while the 5-day performance has seen it change 30.07%. Over the past 30 days, the shares of Kingsoft Cloud Holdings Ltd ADR (NASDAQ:KC) have changed 110.95%. Short interest in the company has seen 5.88 million shares shorted with days to cover at 1.78.
Wall Street analysts have a consensus price target for the stock at $4.1, which means that the shares’ value could drop -45.61% 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 -42.38% off the targeted high while a plunge would see the stock lose 46.4% 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 108.01% over the past 6 months, with this year growth rate of 28.95%, compared to 24.60% for the industry. Revenue growth from the last financial year stood is estimated to be 8.15%.
2 analysts offering their estimates for the company have set an average revenue estimate of 2.11B for the current quarter. 2 have an estimated revenue figure of 1.83B for the next ending quarter. Year-ago sales stood 1.72B and 1.78B respectively for this quarter and the next, and analysts expect sales will grow by 22.22% for the current quarter and 8.15% 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 43.37% while over the next 5 years, the company’s earnings are expected to increase by 3.81%.
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.
Also the top two Mutual Funds that are holding company’s shares are Global X Fds-Global X Cloud Computing ETF and Amplify ETF Tr-Amplify Global Cloud Technology ETF . As of Sep 30, 2024 , the former fund manager holds about 0.12% shares in the company for having 298.55 shares of worth $1.78 million while later fund manager owns 92.4 shares of worth $0.55 million as of Jun 30, 2024 , which makes it owner of about 0.04% of company’s outstanding stock.
