The trading price of Kingsoft Cloud Holdings Ltd ADR (NASDAQ:KC) closed higher on Friday, November 15, and closing at $5.05, 8.60% higher than its previous close.
Traders who pay close attention to intraday price movement should know that it fluctuated between $4.905 and $5.155. In examining the 52-week price action we see that the stock hit a 52-week high of $5.80 and a 52-week low of $2.02. Over the past month, the stock has gained 88.43% in value.
Kingsoft Cloud Holdings Ltd ADR, whose market valuation is $1.28 billion at the time of this writing, is expected to release its quarterly earnings report in December. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by -1.05 per share this quarter, however they have predicted annual earnings per share of -3.88 for current year and -3.05 for next year.
Analysts have forecast the company to bring in revenue of 1.92B for the current quarter, with the likely lows of 1.9B and highs of 1.95B. From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue is 7.48B.
On the technical side, indicators suggest KC has a 100% Buy on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 100% Buy, while an average of long term indicators suggests that the stock is currently 50% Buy.
Here is the average analyst rating on the stock as represented by 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock should be considered as either strong buy or strong sell respectively. The number of analysts that have assigned KC a recommendation rating is 3. Out of them, 1 rate it a Hold, while 2 recommend Buy, whereas 0 assign an Overweight rating. 0 analyst(s) have tagged Kingsoft Cloud Holdings Ltd ADR (KC) as Underweight, while 0 advise Sell. Analysts have rated the stock Buy, likely urging investors to take advantage of the opportunity to add to their holdings of the company’s shares.
A quick review shows that KC’s price is currently 46.61% off the SMA20 and 64.78% off the SMA50. The RSI metric on the 14-day chart is currently showing 70.84, and weekly volatility stands at 12.03%. When measured over the past 30 days, the indicator reaches 7.28%. Kingsoft Cloud Holdings Ltd ADR (NASDAQ:KC)’s beta value is currently sitting at 2.15, while the Average True Range indicator is currently displaying 0.39. With analysts defining $3.2-$8.5 as the low and high price targets, we arrive at a consensus price target of $4.1 for the trailing 12-month period. The current price is about 36.63% off the estimated low and -68.32% off the forecast high, based on this estimate. Investors will be thrilled if KC’s share price rises to $4.1, which is the median consensus price. At that level, KC’s share price would be 18.81% above current price.
To see how Kingsoft Cloud Holdings Ltd ADR stock has been performing in comparison to its peers in the industry, here are the numbers: KC stock’s performance was 8.60% in the latest trading, and -11.09% in the past year.
An evaluation of the daily trading volume of Kingsoft Cloud Holdings Ltd ADR (NASDAQ:KC) indicates that the 3-month average is 2.49 million. However, this figure has increased over the past 10 days to an average of 4.19.
Currently, records show that 253.69 million of the company’s shares remain outstanding. The insiders hold 0.06% of outstanding shares, whereas institutions hold 8.76%. The stats also highlight that short interest as of 2024-10-31, stood at 5.88 million shares, resulting in a short ratio of 1.78 at that time. From this, we can conclude that short interest is 535.00 of the company’s total outstanding shares. It is noteworthy that short shares in October were down slightly from the previous month’s figure, which was 7.48 million. However, since the stock’s price has seen 33.60% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.
