In today’s recent session, 2.09 million shares of the Kingsoft Cloud Holdings Ltd ADR (NASDAQ:KC) have been traded, and its beta is 2.22. Most recently the company’s share price was $16.11, and it changed around $0.35 or 2.22% from the last close, which brings the market valuation of the company to $4.09B. KC at last check was trading at a discount to its 52-week high of $22.26, offering almost -38.18% off that amount. The share price’s 52-week low was $2.02, which indicates that the recent value has risen by an impressive 87.46% since then. We note from Kingsoft Cloud Holdings Ltd ADR’s average daily trading volume that its 10-day average is 4.14 million shares, with the 3-month average coming to 4.07 million.
Kingsoft Cloud Holdings Ltd ADR stock received a consensus recommendation rating of Buy, based on a mean score of 1.54. If we narrow it down even further, the data shows that 0 out of 10 analysts rate the stock as a Sell; another 2 rate it as Overweight. Among the rest, 3 recommended KC as a Hold, whereas 5 deemed it a Buy, and 0 rated it as Underweight.
Kingsoft Cloud Holdings Ltd ADR (NASDAQ:KC) trade information
Instantly KC has been showing a green trend so far today with a performance of 2.22% on intraday trading today. The performance over the last five days has remained in the red territory. The rise to weekly highs of 19.57 on recent trading dayincreased the stock’s daily price by 17.68%. The company’s shares are currently up 53.57% year-to-date, but still down -10.95% over the last five days. On the other hand, Kingsoft Cloud Holdings Ltd ADR (NASDAQ:KC) is -12.68% down in the 30-day period. We can see from the shorts that 11.79 million shares have been sold at a short interest cover period of 2.35 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 -292.93% 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 (NASDAQ:KC)’s Major holders
Upon looking at major shareholders, 7.34% of them are in the hands of institutional investors. The stock currently has a share float of 7.34%. Kingsoft Cloud Holdings Ltd ADR stock is held by 96.0 institutions, with CANADA PENSION PLAN INVESTMENT BOARD being the largest institutional investor. By 2024-06-30, it held 0.5672% of the shares, which is about 20.7 million shares worth $51.96 million.
STATE STREET CORP, with 0.2518% or 0.61 million shares worth $1.52 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
Global X Cloud Computing ETF and Fidelity Nasdaq Composite Index Fund were the top two Mutual Funds as of Feb 28, 2025. The former held 331.51 shares worth $5.3 million, making up 0.13% of all outstanding shares. On the other hand, Fidelity Nasdaq Composite Index Fund held roughly 57.12 shares worth around $0.91 million, which represents about 0.02% of the total shares outstanding.
