In yesterday’s Wall Street session, Kingsoft Cloud Holdings Limited (NASDAQ:KC) shares traded at $5.45, down -7.94% from the previous session.
12 analysts cover Kingsoft Cloud Holdings Limited (NASDAQ:KC), according to research data. 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 $5.92, this indicates a potential upside of 531.08 percent. KC stock price is now 0.76% away from the 50-day moving average and 22.75% away from the 200-day moving average. The market capitalization of the company currently stands at $1.41B.
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The stock has received a hold rating from 6 analysts and a buy rating from 2. Brokers who have rated the stock have averaged $40.53 as their price target over the next twelve months.
With the price target maintained at $4.50, Goldman recently Upgraded its rating from Sell to Neutral for Kingsoft Cloud Holdings Limited (NASDAQ: KC).
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 $544,000. CUBIST SYSTEMATIC STRATEGIES, LLC invested $312,000 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 $299,000. TREXQUANT INVESTMENT LP acquired a new stake in KC for approximately $203,000. ALLIANCEBERNSTEIN L.P. purchased a new stake in KC valued at around $121,000 in the second quarter. In total, there are 134 active investors with 21.90% ownership of the company’s stock.
On Thursday morning Kingsoft Cloud Holdings Limited (NASDAQ: KC) stock kicked off with the opening price of $5.64. 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 0.17, a current ratio of 1.30, and a quick ratio of 1.30. The fifty day moving average price for KC is $5.39 and a two-hundred day moving average price translates $4.46 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 -$0.25, missing analysts’ expectations of -$0.22 by -0.03. This compares to -$0.36 EPS in the same period last year. The net profit margin was -34.50% and return on equity was -29.90% 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 $272.99M in revenue.
