Kingsoft Cloud Holdings Ltd ADR (NASDAQ:KC) price on Wednesday, December 04, rose 8.51% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $8.16.
A look at the stock’s price movement, the close in the last trading session was $7.52, moving within a range at $8.01 and $8.35. The beta value (5-Year monthly) was 1.998. Turning to its 52-week performance, $7.78 and $2.02 were the 52-week high and 52-week low respectively. Overall, KC moved 194.58% over the past month.
Kingsoft Cloud Holdings Ltd ADR’s market cap currently stands at around $2.07 billion, with investors looking forward to this quarter’s earnings report slated for in January.
Analysts have a consensus estimate of 2.11B for the company’s revenue for the quarter, with a low and high estimate of 2.1B and 2.11B respectively. The average forecast suggests up to a 22.22% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 7.62B, representing a 8.15% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that KC is a 100% Buy. On the other hand, the stock is on average a 100% Buy as suggested by medium term indicators while long term indicators are putting the stock in 100% Buy category.
3 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 1 analyst(s) rate the stock as a Hold, 2 recommend KC as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
KC’s current price about 44.06% and 99.54% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 69.52, while 7-day volatility ratio is 9.24% and 10.64% in the 30-day chart. Further, Kingsoft Cloud Holdings Ltd ADR (KC) has a beta value of 2.48, and an average true range (ATR) of 0.72. Analysts have given the company’s stock an average 52-week price target of $3.2, forecast between a low of $3.2 and high of $3.2. Looking at the price targets, the low is 60.78% off current price level while to achieve the yearly target high, price needs to move 60.78%. Nonetheless, investors will most likely welcome a 60.78% jump to $3.2 which is the analysts’ median price.
If we refocus on Kingsoft Cloud Holdings Ltd ADR (NASDAQ:KC), historical trading data shows that trading volumes averaged 5.42 over the past 10 days and 3.28 million over the past 3 months. The company’s latest data on shares outstanding shows there are 253.69 million shares.
The 0.06% of Kingsoft Cloud Holdings Ltd ADR’s shares are in the hands of company insiders while institutional holders own 8.75% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 5.88 million on 2024-10-31, giving us a short ratio of 1.78. The data shows that as of 2024-10-31 short interest in Kingsoft Cloud Holdings Ltd ADR (KC) stood at 535.0 of shares outstanding, with shares short falling to 7.48 million registered in 2024-09-30. Current price change has pushed the stock 115.87% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the KC stock continues to rise going into the next quarter.
