JP Morgan lifts Kingsoft Cloud Holdings Ltd ADR [KC] price estimate. Who else is bullish?

Kingsoft Cloud Holdings Ltd ADR [NASDAQ: KC] gained 28.62% on the last trading session, reaching $3.46 price per share at the time. The company report on March 8, 2024 at 5:42 AM that Kingsoft Cloud to Report Fourth Quarter and Fiscal Year 2023 Financial Results on March 20, 2024.

Kingsoft Cloud’s management will host an earnings conference call on Wednesday March 20, 2024 at 8:15 am, U.S. Eastern Time (8:15 pm, Beijing/Hong Kong Time on the same day).

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If compared to the average trading volume of 1.44M shares, KC reached a trading volume of 6537612 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying about Kingsoft Cloud Holdings Ltd ADR [KC]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for KC shares is $4.88 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on KC stock is a recommendation set at 2.15. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

JP Morgan have made an estimate for Kingsoft Cloud Holdings Ltd ADR shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on Mar-12-24. The new note on the price target was released on June 01, 2023, representing the official price target for Kingsoft Cloud Holdings Ltd ADR stock. Previously, the target price had yet another raise from $4 to $5.10, while Goldman kept a Sell rating on KC stock. On September 07, 2022, analysts decreased their price target for KC shares from 8.50 to 3.

The Average True Range (ATR) for Kingsoft Cloud Holdings Ltd ADR is set at 0.26, with the Price to Sales ratio for KC stock in the period of the last 12 months amounting to 0.77. The Price to Book ratio for the last quarter was 0.84, with the Price to Cash per share for the same quarter was set at 1.58.

Trading performance analysis for KC stock

Kingsoft Cloud Holdings Ltd ADR [KC] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 24.46. With this latest performance, KC shares gained by 31.56% in over the last four-week period, additionally sinking by -32.55% over the last 6 months – not to mention a drop of -12.41% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for KC stock in for the last two-week period is set at 64.80, with the RSI for the last a single of trading hit 70.33, and the three-weeks RSI is set at 59.94 for Kingsoft Cloud Holdings Ltd ADR [KC]. The present Moving Average for the last 50 days of trading for this stock 2.85, while it was recorded at 2.77 for the last single week of trading, and 4.61 for the last 200 days.

Kingsoft Cloud Holdings Ltd ADR [KC]: A deeper dive into fundamental analysis

Kingsoft Cloud Holdings Ltd ADR’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.17 and a Current Ratio set at 1.17.

Kingsoft Cloud Holdings Ltd ADR [KC]: An earnings per share (EPS) analysis

With the latest financial reports released by the company, Kingsoft Cloud Holdings Ltd ADR posted -0.32/share EPS, while the average EPS was predicted by analysts to be reported at -0.23/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -39.10%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for KC.

An analysis of Institutional ownership at Kingsoft Cloud Holdings Ltd ADR [KC]

The top three institutional holders of KC stocks are: VANGUARD GROUP INC with ownership of 1.3 billion shares, which is approximately 8.2815%. BLACKROCK INC., holding 1.03 billion shares of the stock with an approximate value of $176.59 billion in KC stocks shares; and BERKSHIRE HATHAWAY INC, currently with $156.75 billion in KC stock with ownership which is approximately 5.8325%.