Kingsoft Cloud Holdings Ltd ADR [NASDAQ: KC] traded at a high on Thursday, posting a 4.49 gain after which it closed the day’ session at $4.65.
The results of the trading session contributed to over 3879307 shares changing hands. Over the past one week, the price volatility of Kingsoft Cloud Holdings Ltd ADR stands at 12.45% while the volatility over the past one month is 7.12%.
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The market cap for KC stock reached $1.18 billion, with 253.69 million shares outstanding and 253.53 million shares in the current float. Compared to the average trading volume of 2.44M shares, KC reached a trading volume of 3879307 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say 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 $3.94 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 2.00. 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.
CLSA have made an estimate for Kingsoft Cloud Holdings Ltd ADR shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on March 21, 2024. The new note on the price target was released on March 21, 2024, representing the official price target for Kingsoft Cloud Holdings Ltd ADR stock.
The Average True Range (ATR) for Kingsoft Cloud Holdings Ltd ADR is set at 0.38, with the Price to Sales ratio for KC stock in the period of the last 12 months amounting to 1.22. The Price to Book ratio for the last quarter was 1.27, with the Price to Cash per share for the same quarter was set at 1.14.
How has KC stock performed recently?
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 9.93. With this latest performance, KC shares gained by 69.09% in over the last four-week period, additionally plugging by 30.62% over the last 6 months – not to mention a drop of -16.06% 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 67.42, with the RSI for the last a single of trading hit 69.15, and the three-weeks RSI is set at 65.68 for Kingsoft Cloud Holdings Ltd ADR [KC]. The present Moving Average for the last 50 days of trading for this stock 3.01, while it was recorded at 4.41 for the last single week of trading, and 2.86 for the last 200 days.
Kingsoft Cloud Holdings Ltd ADR [KC]: Deeper insight into the fundamentals
Kingsoft Cloud Holdings Ltd ADR’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.82 and a Current Ratio set at 0.82.
Earnings analysis for Kingsoft Cloud Holdings Ltd ADR [KC]
With the latest financial reports released by the company, Kingsoft Cloud Holdings Ltd ADR posted -1.32/share EPS, while the average EPS was predicted by analysts to be reported at -1.15/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -0.16. 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. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Kingsoft Cloud Holdings Ltd ADR go to 3.81%.
Insider trade positions for Kingsoft Cloud Holdings Ltd ADR [KC]
The top three institutional holders of KC stocks are: CANADA PENSION PLAN INVESTMENT BOARD with ownership of 20.7 million shares, which is approximately 8.59%. MORGAN STANLEY, holding 2.34 million shares of the stock with an approximate value of $$5.87 million in KC stocks shares; and MORGAN STANLEY, currently with $$3.06 million in KC stock with ownership which is approximately 0.5065%.
