Kingsoft Cloud Holdings Ltd ADR (NASDAQ: KC) Loses -42.93% From High. Why That Could Change?

Currently, there are 253.69M common shares owned by the public and among those 253.53M shares have been available to trade.

The company’s stock has a 5-day price change of 12.97% and 40.25% over the past three months. KC shares are trading -12.43% year to date (YTD), with the 12-month market performance down to -37.43% lower. It has a 12-month low price of $2.02 and touched a high of $5.80 over the same period. KC has an average intraday trading volume of 2.06 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 15.13%, 21.29%, and 18.06% respectively.

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Institutional ownership of Kingsoft Cloud Holdings Ltd ADR (NASDAQ: KC) shares accounts for 11.97% of the company’s 253.69M shares outstanding.

It has a market capitalization of $839.71M and a beta (3y monthly) value of 1.99. The earnings-per-share (ttm) stands at -$1.03. Price movements for the stock have been influenced by the stock’s volatility, which stands at 5.38% over the week and 5.78% over the month.

Earnings per share for the fiscal year are expected to increase by 50.70%, and 27.98% over the next financial year. EPS should grow at an annualized rate of 3.82% over the next five years, compared to -1.55% over the past 5-year period.

Looking at the support for the KC, a number of firms have released research notes about the stock. CLSA stated their Outperform rating for the stock in a research note on March 21, 2024, with the firm’s price target at $4.40. Citigroup coverage for the Kingsoft Cloud Holdings Ltd ADR (KC) stock in a research note released on March 21, 2024 offered a Buy rating with a price target of $5. JP Morgan was of a view on March 11, 2024 that the stock is Overweight, while Goldman gave the stock Neutral rating on June 01, 2023, issuing a price target of $4.50. Goldman on their part issued Sell rating on April 24, 2023.

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