Kingsoft Cloud Holdings Limited (NASDAQ:KC) shares traded -10.31% lower at $4.87 on Wall Street last session.
As we calculate the median target price by taking the range between a high of $46.97 and a low of $13.14, we find $31.88. Given the previous closing price of $5.43, this indicates a potential upside of 487.11 percent. KC stock price is now 28.02% away from the 50-day moving average and 40.93% away from the 200-day moving average. The market capitalization of the company currently stands at $1.17B.
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Brokers who have rated the stock have averaged $31.05 as their price target over the next twelve months.
With the price target reduced from $8.50 to $3, Citigroup Downgraded its rating from Buy to Neutral for Kingsoft Cloud Holdings Limited (NASDAQ: KC)., while ‘JP Morgan’ rates the stock as ‘Underweight’.
There have been several recent changes in the stakes of large investors in KC stock. A new stake in Kingsoft Cloud Holdings Limited shares was purchased by MAXI INVESTMENTS CY LTD during the first quarter worth $4,870,000. SEI INVESTMENTS CO invested $487,000 in shares of KC during the first quarter. In the first quarter, HRT FINANCIAL LP acquired a new stake in Kingsoft Cloud Holdings Limited valued at approximately $329,000. MARINER, LLC acquired a new stake in KC for approximately $204,000. BNP PARIBAS ARBITRAGE, SNC purchased a new stake in KC valued at around $148,000 in the second quarter. In total, there are 167 active investors with 21.90% ownership of the company’s stock.
Kingsoft Cloud Holdings Limited (NASDAQ: KC) opened at $5.2000 on Monday. During the past 12 months, Kingsoft Cloud Holdings Limited has had a low of $1.77 and a high of $8.73. As of last week, the company has a debt-to-equity ratio of 0.16, a current ratio of 1.40, and a quick ratio of 1.40. The fifty day moving average price for KC is $3.8040 and a two-hundred day moving average price translates $3.4555 for the stock.
The latest earnings results from Kingsoft Cloud Holdings Limited (NASDAQ: KC) was released for Jun, 2022. According to the Software – Application Company, earnings per share came in at -$0.26, missing analysts’ expectations of -$0.25 by -0.01. This compares to -$0.34 EPS in the same period last year. The net profit margin was -30.20% and return on equity was -26.30% for KC. The company reported revenue of $276.77 million for the quarter, compared to $374.62 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -26.12 percent. For the current quarter, analysts expect KC to generate $310.46M in revenue.
Kingsoft Cloud Holdings Limited(KC) Company Profile
Kingsoft Cloud Holdings Limited provides cloud services to businesses and organizations in China. The company offers public cloud services to customers in various verticals, including game, video, AI, e-commerce, education, and mobile internet; and enterprise cloud services to customers in financial service, public service, and healthcare businesses. The company was incorporated in 2012 and is headquartered in Beijing, the People’s Republic of China.
