Kingsoft Cloud Holdings Ltd ADR (KC) concluded trading on Wednesday at a closing price of $6.53, with 11.62 million shares of worth about $75.9 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 119.13% during that period and on November 20, 2024 the price saw a gain of about 42.27%. Currently the company’s common shares owned by public are about 253.69M shares, out of which, 253.53M shares are available for trading.
Stock saw a price change of 46.74% in past 5 days and over the past one month there was a price change of 131.56%. Year-to-date (YTD), KC shares are showing a performance of 72.75% which increased to 18.51% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $2.02 but also hit the highest price of $5.64 during that period. The average intraday trading volume for Kingsoft Cloud Holdings Ltd ADR shares is 2.60 million. The stock is currently trading 71.62% above its 20-day simple moving average (SMA20), while that difference is up 101.54% for SMA50 and it goes to 124.33% higher than SMA200.
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Kingsoft Cloud Holdings Ltd ADR (NASDAQ: KC) currently have 253.69M outstanding shares and institutions hold larger chunk of about 8.76% of that.
The stock has a current market capitalization of $1.66B and its 3Y-monthly beta is at 2.12. It has posted earnings per share of -$1.18 in the same period. It has Quick Ratio of 0.67 while making debt-to-equity ratio of 0.47. 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 9.66% while standing at 8.09% over the month.
Stock’s fiscal year EPS is expected to rise by 48.52% while it is estimated to increase by 42.05% in next year. EPS is likely to grow at an annualized rate of 3.81% for next 5-years, compared to annual growth of -1.55% made by the stock over the past 5-years.
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 CLSA on March 21, 2024 offering an Outperform rating for the stock and assigned a target price of $4.40 to it. Coverage by Citigroup stated Kingsoft Cloud Holdings Ltd ADR (KC) stock as a Buy in their note to investors on March 21, 2024, suggesting a price target of $5 for the stock. On March 11, 2024, JP Morgan Upgrade their recommendations, while on June 01, 2023, Goldman Upgrade their ratings for the stock with a price target of $4.50. Stock get a Sell rating from Goldman on April 24, 2023.
