The stock of Kingsoft Cloud Holdings Ltd ADR (NASDAQ:KC) last traded at $15.19, up 0.33% from the previous session.
KC stock price is now 57.28% away from the 50-day moving average and 232.55% away from the 200-day moving average. The market capitalization of the company currently stands at $3.85B.
With the price target enhanced from $4.20 to $12.50, UBS Upgraded its rating from Neutral to Buy for Kingsoft Cloud Holdings Ltd ADR (NASDAQ: KC). On November 22, 2024, Nomura Upgraded its previous ‘Neutral’ rating to ‘Buy’ on the stock increasing its target price from $2.30 to quote $6.70, while ‘CLSA’ rates the stock as ‘Outperform’
In other news, He Haijian, Director bought 300,000 shares of the company’s stock on Dec 09 ’24. The stock was bought for $2,775,000 at an average price of $9.25. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 21 ’24, Vice President Tian Kaiyan bought 3,200 shares of the business’s stock. A total of $20,896 was incurred on buying the stock at an average price of $6.53. A total of 0.00% 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 $16.34. 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 $9.446 and a two-hundred day moving average price translates $4.50485 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.
