Kingsoft Cloud Holdings Ltd ADR (NASDAQ:KC)’s traded shares stood at 2.13 million during the latest session, with the company’s beta value hitting 2.47. At the last check today, the stock’s price was $8.75, to imply a decrease of -1.91% or -$0.17 in intraday trading. The KC share’s 52-week high remains $9.46, putting it -8.11% down since that peak but still an impressive 76.91% since price per share fell to its 52-week low of $2.02. The company has a valuation of $2.22B, with an average of 4.99 million shares in intraday trading volume over the past 10 days and average of 3.40 million shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for Kingsoft Cloud Holdings Ltd ADR (KC), translating to a mean rating of 1.56. Of 3 analyst(s) looking at the stock, 0 analyst(s) give KC a Sell rating. 0 of those analysts rate the stock as Overweight while 1 advise Hold as 2 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at -0.79.
Kingsoft Cloud Holdings Ltd ADR (NASDAQ:KC) trade information
After registering a -1.91% downside in the latest session, Kingsoft Cloud Holdings Ltd ADR (KC) has traded red over the past five days. The 5-day price performance for the stock is 30.79%, and 132.10% over 30 days. With these gigs, the year-to-date price performance is 131.48%. Short interest in Kingsoft Cloud Holdings Ltd ADR (NASDAQ:KC) saw shorts transact 5.88 million shares and set a 1.78 days time to cover.
The extremes give us $3.2 and $3.2 for target low and target high price respectively. As such, KC has been trading 63.43% off suggested target high and 63.43% from its likely low.
Kingsoft Cloud Holdings Ltd ADR (KC) estimates and forecasts
Looking at statistics comparing Kingsoft Cloud Holdings Ltd ADR share performance against respective industry, we note that the company has outperformed competitors. Kingsoft Cloud Holdings Ltd ADR (KC) shares are 230.19% up over the last 6 months, with its year-to-date growth rate higher than industry average at 28.95% against 24.60%. The rating firms project that company’s revenue will grow 8.50% compared to the previous financial year.
Revenue forecast for the current quarter as set by 3 analysts is 2.1B. Meanwhile, for the current quarter, a total of 2 analyst(s) estimate revenue growth to 1.88B.Earnings reports from the last fiscal year show that sales brought in 1.72B and 1.78B respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 22.13% before jumping 5.92% in the following quarter.
An assessment of the company’s 5-year growth patterns shows that annual earnings shrunk an estimated -1.55% for the past 5-year period. While 2024 is set for a 36.13% return in earnings, projections for the next 5 years are at 3.81% annually.
KC Dividends
Kingsoft Cloud Holdings Ltd ADR has its next earnings report out in January. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.
Kingsoft Cloud Holdings Ltd ADR (NASDAQ:KC)’s Major holders
The next major institution holding the largest number of shares is MORGAN STANLEY with 2.34 million shares, or about 0.971% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $5.87 million.
We also have Global X Fds-Global X Cloud Computing ETF and Artisan Sustainable Emerging Markets Fund as the top two Mutual Funds with the largest holdings of the Kingsoft Cloud Holdings Ltd ADR (KC) shares. Going by data provided on Oct 31, 2024, Global X Fds-Global X Cloud Computing ETF holds roughly 270.05 shares. This is just over 0.11% of the total shares, with a market valuation of $2.39 million. Data from the same date shows that the other fund manager holds a little less at 99.9, or 0.04% of the shares, all valued at about 0.88 million.
