Kingsoft Cloud Holdings Ltd ADR (NASDAQ:KC) traded at $3.16 at close of the session on Friday, April 26, made an upward move of 10.10% on its previous day’s price.
Looking at the stock we see that its previous close was $2.87 . In terms of its 52-week price range, KC has a high of $7.42 and a low of $2.34. The company’s stock has gained about 7.85% over that past 30 days.
Kingsoft Cloud Holdings Ltd ADR has a market cap of $746.20 million. Estimates by analysts give the company expected earnings per share (EPS) of -$0.14, with the EPS growth for the year raised at -$0.59 for 2024 and -$0.44 for next year. These figures represent 22.40% and 25.40% growth in EPS for the two years respectively.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $248.09 million, with a low of $245.66 million and a high of $250.52 million. The median projection represents growth adding up to -4.30% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2024 is expected to hit $1.04 billion, or 4.90% up from figures reported last year.
On the other hand, looking at the outlook for the KC stock, short term indicators assign the stock an average of 50% Sell, while medium term indicators assign it an average of 50% Sell. Long term indicators on average place the stock in the category of 50% Sell.
Looking further, we note the current price level is 9.55% off its SMA20 and 6.53% from its 50-day simple moving average. The RSI (14) is pointing at 59.41 while the volatility over the past week is 5.60% and jumps to 5.35% over the past one month. The beta value is 2.10, while the average true range (ATR) is currently pointing at 0.20.
Coming back to Kingsoft Cloud Holdings Ltd ADR (NASDAQ:KC), we note that the average 3-month trading volume was 1.26 million. Current shares outstanding are 236.14 million.
The insiders hold 0.06% of the company’s shares while institutions hold 15.38%. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock -16.40% down in year-to-date price movement.
