Kingsoft Cloud Holdings Ltd ADR (KC) Is Now En Route to Higher Prices

Kingsoft Cloud Holdings Ltd ADR (NASDAQ: KC) is 26.98% higher on its value in year-to-date trading and has touched a low of $2.02 and a high of $5.80 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The KC stock was last observed hovering at around $4.09 in the last trading session, with the day’s gains setting it 0.71%.

Currently trading at $4.80, the stock is 55.84% and 67.10% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.37 million and changing 17.36% at the moment leaves the stock 69.40% off its SMA200. KC registered -4.19% loss for a year compared to 6-month loss of 33.33%. The firm has a 50-day simple moving average (SMA 50) of $2.8232 and a 200-day simple moving average (SMA200) of $2.8227.

3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free
Sponsored

The stock witnessed a 48.61% gain in the last 1 month and extending the period to 3 months gives it a 99.17%, and is 73.29% 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 8.83% over the week and 5.95% over the month.

Kingsoft Cloud Holdings Ltd ADR (KC) has around 10493 employees, a market worth around $1.22B and $970.78M in sales. Profit margin for the company is -25.39%. Distance from 52-week low is 137.62% and -17.24% from its 52-week high. The company has generated returns on investments over the last 12 months (-25.21%).

with sales reaching $268.72M over the same period.The EPS is expected to grow by 49.95% this year, but quarterly earnings will post 4.40% year-over-year. Quarterly sales are estimated to grow 17.90% in year-over-year returns.

Kingsoft Cloud Holdings Ltd ADR (KC) Top Institutional Holders

The shares outstanding are 253.69M, and float is at 253.53M with Short Float at 2.67%.

The top institutional shareholder in the company is CANADA PENSION PLAN INVESTMENT BOARD with over 20.7 million shares valued at $51.96 million. The investor’s holdings represent 8.59% of the KC Shares outstanding. As of 2024-06-30, the second largest holder is MORGAN STANLEY with 2.34 million shares valued at $5.87 million to account for 0.971 of the shares outstanding. The other top investors are ARTISAN PARTNERS LIMITED PARTNERSHIP which holds 1.22 million shares representing 0.5065% and valued at over $3.06 million, while STATE STREET CORP holds 0.2518 of the shares totaling 0.61 million with a market value of $1.52 million.