In the last trading session, 6.23 million Kingsoft Cloud Holdings Ltd ADR (NASDAQ:KC) shares changed hands as the company’s beta touched 2.27. With the company’s per share price at $15.19 changed hands at $0.05 or 0.33% during last session, the market valuation stood at $3.85B. KC’s last price was a discount, traded about -7.57% off its 52-week high of $16.34. The share price had its 52-week low at $2.02, which suggests the last value was 86.7% up since then. When we look at Kingsoft Cloud Holdings Ltd ADR’s average trading volume, we note the 10-day average is 3.64 million shares, with the 3-month average coming to 3.80 million.
Analysts gave the Kingsoft Cloud Holdings Ltd ADR (KC) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.50. If we narrow down to specifics, the data shows that 0 out of 3 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 1 recommended KC as a Hold, 2 felt it is a Buy and 0 rated the stock as Underweight. Kingsoft Cloud Holdings Ltd ADR’s EPS for the current quarter is expected to be -0.83.
Kingsoft Cloud Holdings Ltd ADR (NASDAQ:KC) trade information
Instantly KC was in green as seen at the end of in last trading. With action 26.79%, the performance over the past five days has been green. The company’s shares are showing year-to-date upside of 44.80%, with the 5-day performance at 26.79% in the green. However, in the 30-day time frame, Kingsoft Cloud Holdings Ltd ADR (NASDAQ:KC) is 41.70% up. Looking at the short shares, we see there were 5.88 million shares sold at short interest cover period of 1.78 days.
The consensus price target for the stock as assigned by Wall Street analysts is 3.2, meaning bulls need a downside of -374.69% from its current market value. According to analyst projections, KC’s forecast low is 3.2 with 3.2 as the target high. To hit the forecast high, the stock’s price needs a 78.93% surge from its current level, while the stock would need to tank 78.93% for it to hit the projected low.
Kingsoft Cloud Holdings Ltd ADR (KC) estimates and forecasts
Data shows that the Kingsoft Cloud Holdings Ltd ADR share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 520.00% over the past 6 months, a 28.95% in annual growth rate that is considerably higher than the industry average of 26.30%. Year-over-year growth is forecast to reach 8.12% up from the last financial year.
Consensus estimates given by 3 financial analysts project the company’s revenue in the current quarter to hit an average of 2.11B. 2 analysts are of the opinion that Kingsoft Cloud Holdings Ltd ADR’s revenue for the current quarter will be 1.83B. The company’s revenue for the corresponding quarters a year ago was 1.72B and 1.78B respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 22.43%. The estimates for the next quarter sales put growth at 2.91%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -1.55%. The 2025 estimates are for Kingsoft Cloud Holdings Ltd ADR earnings to increase by 30.70%.
Kingsoft Cloud Holdings Ltd ADR (NASDAQ:KC)’s Major holders
MORGAN STANLEY holds the second largest percentage of outstanding shares, with 0.971% or 2.34 million shares worth $5.87 million as of 2024-06-30.
Among Mutual Funds, the top two as of Nov 30, 2024 were Global X Fds-Global X Cloud Computing ETF and Artisan Sustainable Emerging Markets Fund. With 343.77 shares estimated at $5.22 million under it, the former controlled 0.14% of total outstanding shares. On the other hand, Artisan Sustainable Emerging Markets Fund held about 0.04% of the shares, roughly 99.9 shares worth around $1.52 million.
