Kingsoft Cloud Holdings Ltd ADR (NASDAQ: KC) Stock Jumped 53.99% Over A Month – Is There Any Hope Of A Gain?

During the recent session, Kingsoft Cloud Holdings Ltd ADR (NASDAQ:KC)’s traded shares were 0.74 million, with the beta value of the company hitting 2.28. At the last check today, the stock’s price was $11.58, reflecting an intraday gain of 8.02% or $0.86. The 52-week high for the KC share is $12.84, that puts it down -10.88 from that peak though still a striking 82.56% gain since the share price plummeted to a 52-week low of $2.02. The company’s market capitalization is $2.94B, and the average intraday trading volume over the past 10 days was 4.11 million shares, and the average trade volume was 3.81 million shares over the past three months.

Kingsoft Cloud Holdings Ltd ADR (KC) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.45. KC has a Sell rating from 0 analyst(s) out of 3 analysts who have looked at this stock. 1 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 2 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -0.79.

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

Kingsoft Cloud Holdings Ltd ADR (KC) registered a 8.02% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 8.02% in intraday trading to $11.58, hitting a weekly high. The stock’s 5-day price performance is 13.53%, and it has moved by 53.99% in 30 days. Based on these gigs, the overall price performance for the year is 233.72%. The short interest in Kingsoft Cloud Holdings Ltd ADR (NASDAQ:KC) is 5.88 million shares and it means that shorts have 1.78 day(s) to cover.

The consensus price target of analysts on Wall Street is $3.2, which implies a decrease of -261.87% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $3.2 and $3.2 respectively. As a result, KC is trading at a premium of 72.37% off the target high and 72.37% off the low.

Kingsoft Cloud Holdings Ltd ADR (KC) estimates and forecasts

Statistics show that Kingsoft Cloud Holdings Ltd ADR has outperformed its competitors in share price, compared to the industry in which it operates. Kingsoft Cloud Holdings Ltd ADR (KC) shares have gone up 348.84% during the last six months, with a year-to-date growth rate more than the industry average at 28.95% against 25.20. In the rating firms’ projections, revenue will increase 8.83% compared to the previous financial year.

As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 2.1B as predicted by 3 analyst(s). Meanwhile, a consensus of 2 analyst(s) estimates revenue growth to 1.88B by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 1.72B and 1.78B respectively. In this case, analysts expect current quarter sales to grow by 22.13% and then jump by 5.92% in the coming quarter.

An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -1.55%. While earnings are projected to return 32.63% in 2025, the next five years will return 3.81% per annum.

KC Dividends

Kingsoft Cloud Holdings Ltd ADR is due to release its next quarterly earnings in February. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.

Kingsoft Cloud Holdings Ltd ADR (NASDAQ:KC)’s Major holders

The next largest institutional holding, with 2.34 million shares, is of MORGAN STANLEY’s that is approximately 0.971% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $5.87 million.

Also, the Mutual Funds coming in first place with the largest holdings of Kingsoft Cloud Holdings Ltd ADR (KC) shares are Global X Fds-Global X Cloud Computing ETF and Artisan Sustainable Emerging Markets Fund. Data provided on Oct 31, 2024 indicates that Global X Fds-Global X Cloud Computing ETF owns about 270.05 shares. This amounts to just over 0.11 percent of the company’s overall shares, with a $3.08 million market value. The same data shows that the other fund manager holds slightly less at 99.9, or about 0.04% of the stock, which is worth about $1.14 million.