Kingsoft Cloud Holdings Limited (NASDAQ:KC) went down by -7.54% from its latest closing price compared to the recent 1-year high of $36.31. The company’s stock price has collected -11.28% of loss in the last five trading sessions.
Is It Worth Investing in Kingsoft Cloud Holdings Limited (NASDAQ :KC) Right Now?
Opinions of the stock are interesting as 6 analysts out of 10 who provided ratings for Kingsoft Cloud Holdings Limited declared the stock was a “buy,” while 2 rated the stock as “overweight,” 2 rated it as “hold,” and 0 as “sell.”
The average price from analysts is $93.06, which is $10.72 above the current price. KC currently public float of 112.78M and currently shorts hold a 8.02% ratio of that float. Today, the average trading volume of KC was 4.35M shares.
KC’s Market Performance
KC stocks went down by -11.28% for the week, with a monthly jump of 13.62% and a quarterly performance of -33.91%, while its annual performance rate touched -87.57%. The volatility ratio for the week stands at 8.25% while the volatility levels for the past 30 days are set at 10.44% for Kingsoft Cloud Holdings Limited. The simple moving average for the period of the last 20 days is -6.75% for KC stocks with a simple moving average of -69.19% for the last 200 days.
Analysts’ Opinion of KC
Many brokerage firms have already submitted their reports for KC stocks, with Goldman repeating the rating for KC by listing it as a “Neutral.” The predicted price for KC in the upcoming period, according to Goldman is $9.50 based on the research report published on April 11th of the current year 2022.
JP Morgan, on the other hand, stated in their research note that they expect to see KC reach a price target of $3.50. The rating they have provided for KC stocks is “Underweight” according to the report published on March 14th, 2022.
KC Trading at 2.70% from the 50-Day Moving Average
After a stumble in the market that brought KC to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -88.52% of loss for the given period.
Volatility was left at 10.44%, however, over the last 30 days, the volatility rate increased by 8.25%, as shares surge +16.16% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -18.87% lower at present.
During the last 5 trading sessions, KC fell by -11.28%, which changed the moving average for the period of 200-days by -87.72% in comparison to the 20-day moving average, which settled at $4.50. In addition, Kingsoft Cloud Holdings Limited saw -73.52% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for KC
Equity return is now at value -17.80, with -9.60 for asset returns.