Kingsoft Cloud Holdings Ltd ADR (NASDAQ: KC) is -22.49% lower on its value in year-to-date trading and has touched a low of $2.45 and a high of $10.13 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The KC stock was last observed hovering at around $3.23 in the last trading session, with the day’s loss setting it -0.3%.
Currently trading at $2.93, the stock is 6.66% and -2.91% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.21 million and changing -9.29% at the moment leaves the stock -37.74% off its SMA200. KC registered -23.50% loss for a year compared to 6-month loss of -45.13%. The firm has a 50-day simple moving average (SMA 50) of $0.07 and a 200-day simple moving average (SMA200) of -$0.22.
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The stock witnessed a 10.57% gain in the last 1 month and extending the period to 3 months gives it a -35.89%, and is 6.16% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 6.90% over the week and 5.98% over the month.
Kingsoft Cloud Holdings Ltd ADR (KC) has around 9517 employees, a market worth around $691.89M and $1.06B in sales. Profit margin for the company is -32.13%. Distance from 52-week low is 19.59% and -71.08% from its 52-week high. The company has generated returns on investments over the last 12 months (-34.31%).
Kingsoft Cloud Holdings Ltd ADR quarterly earnings per share for the current quarter are estimated at -$0.16 with sales reaching $244.25M over the same period.The EPS is expected to shrink by -824.65% this year, but quarterly earnings will post -13.70% year-over-year. Quarterly sales are estimated to shrink -17.70% in year-over-year returns.
104 institutions hold shares in Kingsoft Cloud Holdings Ltd ADR (KC), with institutional investors hold 17.80% of the company’s shares. The shares outstanding are 236.14M, and float is at 236.00M with Short Float at 3.38%. Institutions hold 17.80% of the Float.
The top institutional shareholder in the company is Canada Pension Plan Investment Board with over 22.04 million shares valued at $134.45 million. The investor’s holdings represent 8.69% of the KC Shares outstanding. As of Jun 29, 2023, the second largest holder is Vanguard Group Inc with 3.89 million shares valued at $23.73 million to account for 1.53% of the shares outstanding. The other top investors are Massachusetts Financial Services Co. which holds 3.32 million shares representing 1.31% and valued at over $20.27 million, while Alpha Square Group S, LLC holds 1.27% of the shares totaling 3.23 million with a market value of $19.71 million.
Kingsoft Cloud Holdings Ltd ADR (KC): Who are the competitors?
One of the company’s main competitors (and peers) include Microsoft Corp. (MSFT) that is trading 65.56% up over the past 12 months.Amazon.com Inc. (AMZN) lies in the list of competitors of the Kingsoft Cloud Holdings Ltd ADR and is 87.87% higher over the same period from KC
