Technical Outlook And Game Plan For Kingsoft Cloud Holdings Limited (NASDAQ: KC)


After grabbing 3.43 million shares, the institutional investor is now in possession of 3.43 million shares of the Technology Company. The new investment brought the stake of investor firm to 1.63% having worth around $120.22 million. Moreover, Canada Pension Plan Investment Bo.. increased its share by 3.33 million to have a control over 3.33 million shares. And CI Investments, Inc. raised its holdings to 1.57 million shares by acquiring 1.57 million shares or 0.75% of the stake.

Kingsoft Cloud Holdings Limited (KC) concluded trading on 08/26/20 at a closing price of $35.67, with 1.71 million shares of worth about $61.04 million changed hands on the day. Weekly performance of the stock remained positive as price took a surge of 5.53% during that period and on Wednesday the price saw a gain of about 4.67%. Currently the company’s common shares owned by public are about 147.93M shares, out of which, 7.36M shares are available for trading.

A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 8 analysts are covering the KC stock and their offered price forecasts bring an average price target of $286.83. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $494.19 and could fall to a lowest price of $110.06. Analysts also issued an outlook of 2.10 for the Kingsoft Cloud Holdings Limited stock for next 12 months. The stock’s current price level is 7.45% above of average price target set by the analysts, while a rise to estimated low would result in gain of 67.59 for the stock. However, touching the estimated high of $494.19 would mean a gain of 92.78% for the stock.

Carmignac Investissement, Matthews Pacific Tiger Fund, and BlackRock Global Funds – World Te are the top 3 mutual funds which are holding stakes in Kingsoft Cloud Holdings Limited Carmignac Investissement is currently holding 2.12 million shares of worth totaling $74.49 million. The company recently came selling -0.11 million shares which brought its stake up to 1.01% of the company’s outstanding shares. Matthews Pacific Tiger Fund bought 0.26 million shares, after which its hold over company’s outstanding shares expand to 0.47%, leaving 0.99 million shares with the mutual fund that have a worth of about $34.85 million. BlackRock Global Funds – World Te, after buying 0.84 million shares, have now control over 0.40% of the stake in the company. It holds 0.0 shares of worth $29.55 million.

Kingsoft Cloud Holdings Limited (NASDAQ: KC) started trading at $34.83, above $0.75 from concluding price of the previous day. However, the stock finished the trading on the day at a closing price of $35.67, or with a gain of 4.67%. Stock saw a price change of 5.53% in past 5 days and over the past one month there was a price change of 6.07%. Over the period of past 52 weeks, stock dropped to lowest price of $17.01 but also hit the highest price of $42.80 during that period. While comparing its average daily trading volume of 1.64 million shares, we see that about 1.71 million changed hands on the day. The stock is currently trading 2.84% above its 20-day simple moving average (SMA20), while that difference is up 8.82% for SMA50 and it goes to 23.62% higher than SMA200.

Carmignac Gestion SA acquired 3.43 million shares of Kingsoft Cloud Holdings Limited having value of about $120.22 million. Kingsoft Cloud Holdings Limited (NASDAQ: KC) currently have 147.93M outstanding shares and institutions hold larger chunk of about 10.10% of that. Holding of mutual funds in the company is about 4.43% while other institutional holders and individual stake holders have control over 5.97% and — of the stake respectively.

The stock has a current market capitalization of $7.72B. It has posted earnings per share of -$1.13 in the same period. It has Quick Ratio of 2.70 while making debt-to-equity ratio of 0.06. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for KC, volatility over the week remained 5.68% while standing at 7.05% over the month.

Analysts are in expectations that Kingsoft Cloud Holdings Limited (KC) stock would likely to be making an EPS of -$0.16 in the current quarter, while forecast for next quarter ESPS is -$0.16 and it is -$0.54 for next year. For the current quarter EPS, analysts have given the company a lowest target -$0.16 which is -$0.14 at the higher side of the target for the same. Stock’s fiscal year EPS is expected to rise by 33.60% while it is estimated to increase by 30.80% in next year.

Analysts at 8 brokerage firms have issued recommendations for the Kingsoft Cloud Holdings Limited (KC)’s stock and average of those rates the stock at a “Moderate Buy” and assign it a score of 2.10. Out of those 8 Wall Street analysts, 7 recommended a “Buy” rating, while 1 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Goldman on June 29, 2020 offering a Buy rating for the stock and assigned a target price of $34 to it. Coverage by JP Morgan stated Kingsoft Cloud Holdings Limited (KC) stock as an Overweight in their note to investors on June 08, 2020, suggesting a price target of $27 for the stock.


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