The price of Kingsoft Cloud Holdings Limited (NASDAQ:KC) shares last traded on Wall Street fell -5.50% to $3.78.
Based on available information, 12 analysts follow Kingsoft Cloud Holdings Limited (NASDAQ:KC). The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $71.91 and a low of $13.25, we find $37.36. Given the previous closing price of $4.00, this indicates a potential upside of 834.0 percent. KC stock price is now -38.90% away from the 50-day moving average and -7.49% away from the 200-day moving average. The market capitalization of the company currently stands at $1.04B.
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Among analysts, 5 rate the stock a hold while 2 rate it a buy. Brokers who have rated the stock have averaged $40.66 as their price target over the next twelve months.
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 ETF MANAGERS GROUP, LLC during the first quarter worth $377,000. CUBIST SYSTEMATIC STRATEGIES, LLC invested $217,000 in shares of KC during the first quarter. In the first quarter, VOLORIDGE INVESTMENT MANAGEMENT, LLC acquired a new stake in Kingsoft Cloud Holdings Limited valued at approximately $207,000. TREXQUANT INVESTMENT LP acquired a new stake in KC for approximately $141,000. ALLIANCEBERNSTEIN L.P. purchased a new stake in KC valued at around $84,000 in the second quarter. In total, there are 134 active investors with 21.90% ownership of the company’s stock.
A candlestick chart of Kingsoft Cloud Holdings Limited (NASDAQ: KC) showed a price of $4.0000 on Thursday morning. During the past 12 months, Kingsoft Cloud Holdings Limited has had a low of $1.77 and a high of $10.13. As of last week, the company has a debt-to-equity ratio of 0.15, a current ratio of 1.40, and a quick ratio of 1.40. The fifty day moving average price for KC is $6.1688 and a two-hundred day moving average price translates $4.0891 for the stock.
The latest earnings results from Kingsoft Cloud Holdings Limited (NASDAQ: KC) was released for Mar, 2023. According to the Software – Application Company, earnings per share came in at -$0.32, missing analysts’ expectations of -$0.24 by -0.08. This compares to -$0.36 EPS in the same period last year. The net profit margin was -32.50% and return on equity was -27.80% for KC. The company reported revenue of $271.48 million for the quarter, compared to $342.91 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -20.83 percent. For the current quarter, analysts expect KC to generate $264.14M in revenue.
Kingsoft Cloud Holdings Limited(KC) Company Profile
Kingsoft Cloud Holdings Limited provides cloud services to businesses and organizations in China. The company’s products portfolio includes cloud products, including infrastructure as a service (IaaS) infrastructure, platform as a service (PaaS) middleware, and software as a service (SaaS) applications that primarily consist of cloud computing, storage, and delivery solutions. It offers research and development services, as well as enterprise digital solutions and related services. The company also provides public cloud services to customers in various verticals, including video, game, entertainment, e-commerce, education, traveling, advertising, intelligent mobility, office automation, artificial intelligent, and mobile internet; and enterprise cloud services to customers in financial service, public service, and healthcare businesses. Kingsoft Cloud Holdings Limited was incorporated in 2012 and is headquartered in Beijing, the People’s Republic of China.
