The price of Kingsoft Cloud Holdings Ltd ADR (NASDAQ:KC) shares last traded on Wall Street rose 2.21% to $17.59.
KC stock price is now 27.35% away from the 50-day moving average and 187.71% away from the 200-day moving average. The market capitalization of the company currently stands at $4.46B.
On December 06, 2024, UBS Upgraded its previous ‘Neutral’ rating to ‘Buy’ on the stock increasing its target price from $4.20 to quote $12.50, while ‘Nomura’ rates the stock as ‘Buy’
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 $22.26. 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 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 $222.75 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 20.62 percent.
