In yesterday’s Wall Street session, Kingsoft Cloud Holdings Limited (NASDAQ:KC) shares traded at $6.42, down -1.68% from the previous session.
As of this writing, 12 analysts cover 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 $6.53, this indicates a potential upside of 472.13 percent. KC stock price is now 15.29% away from the 50-day moving average and 36.41% away from the 200-day moving average. The market capitalization of the company currently stands at $1.63B.
There are 6 analysts who have given it a hold rating, whereas 2 have given it a buy rating. 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 ROBECO INSTITUTIONAL ASSET MANAGEMENT B.V. during the first quarter worth $881,000. RAYMOND JAMES & ASSOCIATES invested $787,000 in shares of KC during the first quarter. In the first quarter, CAPRICORN FUND MANAGERS LTD acquired a new stake in Kingsoft Cloud Holdings Limited valued at approximately $662,000. ETF MANAGERS GROUP, LLC acquired a new stake in KC for approximately $641,000. CUBIST SYSTEMATIC STRATEGIES, LLC purchased a new stake in KC valued at around $368,000 in the second quarter. In total, there are 134 active investors with 21.90% ownership of the company’s stock.
Tuesday morning saw Kingsoft Cloud Holdings Limited (NASDAQ: KC) opened at $6.69. 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 $5.57 and a two-hundred day moving average price translates $4.71 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 $271.76M 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.
