The price of Kingsoft Cloud Holdings Ltd ADR (NASDAQ:KC) shares last traded on Wall Street rose 9.31% to $8.92.
KC stock price is now 111.44% away from the 50-day moving average and 184.62% away from the 200-day moving average. The market capitalization of the company currently stands at $2.26B.
With the price target enhanced from $2.30 to $6.70, Nomura Upgraded its rating from Neutral to Buy for Kingsoft Cloud Holdings Ltd ADR (NASDAQ: KC). On March 21, 2024, CLSA Upgraded its previous ‘Underperform’ rating to ‘Outperform’ on the stock keeping its target price maintained at $4.40, while ‘Citigroup’ rates the stock as ‘Buy’
In other news, Tian Kaiyan, Vice President bought 3,200 shares of the company’s stock on Nov 21 ’24. The stock was bought for $20,896 at an average price of $6.53. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 21 ’24, Senior Vice President Liu Tao bought 60,000 shares of the business’s stock. A total of $391,800 was incurred on buying the stock at an average price of $6.53. A total of 0.06% of the company’s stock is owned by insiders.
During the past 12 months, Kingsoft Cloud Holdings Ltd ADR has had a low of $2.02 and a high of $8.35. As of last week, the company has a debt-to-equity ratio of 0.47, a current ratio of 0.67, and a quick ratio of 0.67. The fifty day moving average price for KC is $4.0894 and a two-hundred day moving average price translates $3.10315 for the stock.
The latest earnings results from Kingsoft Cloud Holdings Ltd ADR (NASDAQ: KC) was released for 2024-06-30. The net profit margin was -28.28% and return on equity was -33.16% for KC. The company reported revenue of $268.69 million for the quarter, compared to $253.11 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 6.15 percent.
