Kingsoft Cloud Holdings Ltd ADR (NASDAQ:KC) shares, rose in value, with the stock price down by -2.39% to the previous day’s close as strong demand from buyers drove the stock to $2.86.
Actively observing the price movement in the last trading, the stock closed the session at $2.93, falling within a range of $2.805 and $2.915. The value of beta (5-year monthly) was 1.994. Referring to stock’s 52-week performance, its high was $5.80, and the low was $2.02. On the whole, KC has fluctuated by -10.34% over the past month.
With the market capitalization of Kingsoft Cloud Holdings Ltd ADR currently standing at about $725.55 million, investors are eagerly awaiting this quarter’s results, scheduled for on 2024-Nov-21.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 1.04B, with a low estimate of 267.82M and a high estimate of 273.47M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 270.64M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that KC’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium-term indicators have put the stock in the category of Hold while long-term indicators on average have been pointing out that it is a 50% Buy.
The stock’s technical analysis shows that the price of KC currently trading nearly -6.67% and 6.00% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 50.11, while the 7-day volatility ratio is showing 5.13% which for the 30-day chart, stands at 6.80%. Furthermore, Kingsoft Cloud Holdings Ltd ADR (KC)’s beta value is 1.99, and its average true range (ATR) is 0.22.
A comparison of Kingsoft Cloud Holdings Ltd ADR (KC) with its peers suggests the former has fared considerably weaker in the market. KC showed an intraday change of -2.39% in last session, and over the past year, it shrunk by -41.87%%.
Data on historical trading for Kingsoft Cloud Holdings Ltd ADR (NASDAQ:KC) indicates that the trading volumes over the past 10 days have averaged 2.24 and over the past 3 months, they’ve averaged 1.94 million. According to company’s latest data on outstanding shares, there are 253.69 million shares outstanding.
Nearly 0.06% of Kingsoft Cloud Holdings Ltd ADR’s shares belong to company insiders and institutional investors own 11.99% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 6.78 million shares as on 2024-10-15, resulting in a short ratio of 2.02. According to the data, the short interest in Kingsoft Cloud Holdings Ltd ADR (KC) stood at 617.00 of shares outstanding as of 2024-10-15; the number of short shares registered in 2024-09-13 reached 7.98 million. The stock has fallen by -24.34% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the KC stock heading into the next quarter.
