The 36-month beta value for KC is also noteworthy at 2.15. There are mixed opinions on the stock, with 5 analysts rating it as a “buy,” 3 rating it as “overweight,” 4 rating it as “hold,” and 0 rating it as “sell.”
The public float for KC is 253.53M, and at present, short sellers hold a 2.32% of that float. The average trading volume of KC on November 18, 2024 was 2.49M shares.
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KC) stock’s latest price update
Kingsoft Cloud Holdings Ltd ADR (NASDAQ: KC)’s stock price has soared by 8.60 in relation to previous closing price of 4.65. Nevertheless, the company has seen a gain of 23.47% in its stock price over the last five trading days. globenewswire.com reported 2024-11-13 that BEIJING, Nov. 13, 2024 (GLOBE NEWSWIRE) — Kingsoft Cloud Holdings Limited (NASDAQ: KC and HKEX: 3896) (“Kingsoft Cloud” or the “Company”), a leading cloud service provider in China, today announced that it will release its unaudited financial results for the third quarter 2024 ended September 30, 2024 before the open of U.S. markets on Tuesday, November 19, 2024.
KC’s Market Performance
KC’s stock has risen by 23.47% in the past week, with a monthly rise of 88.43% and a quarterly rise of 99.60%. The volatility ratio for the week is 12.03% while the volatility levels for the last 30 days are 7.28% for Kingsoft Cloud Holdings Ltd ADR The simple moving average for the past 20 days is 46.61% for KC’s stock, with a 75.80% simple moving average for the past 200 days.
Analysts’ Opinion of KC
Many brokerage firms have already submitted their reports for KC stocks, with CLSA repeating the rating for KC by listing it as a “Outperform.” The predicted price for KC in the upcoming period, according to CLSA is $4.40 based on the research report published on March 21, 2024 of the current year 2024.
Citigroup, on the other hand, stated in their research note that they expect to see KC reach a price target of $5. The rating they have provided for KC stocks is “Buy” according to the report published on March 21st, 2024.
KC Trading at 64.78% 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 -12.93% of loss for the given period.
Volatility was left at 7.28%, however, over the last 30 days, the volatility rate increased by 12.03%, as shares surge +81.65% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +141.63% upper at present.
During the last 5 trading sessions, KC rose by +23.47%, which changed the moving average for the period of 200-days by +94.23% in comparison to the 20-day moving average, which settled at $3.44. In addition, Kingsoft Cloud Holdings Ltd ADR saw 33.60% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for KC
Current profitability levels for the company are sitting at:
- -0.24 for the present operating margin
- 0.15 for the gross margin
The net margin for Kingsoft Cloud Holdings Ltd ADR stands at -0.25. The total capital return value is set at -0.19. Equity return is now at value -25.07, with -10.99 for asset returns.
Based on Kingsoft Cloud Holdings Ltd ADR (KC), the company’s capital structure generated 0.37 points at debt to capital in total, while cash flow to debt ratio is standing at -0.11. The debt to equity ratio resting at 0.58. The interest coverage ratio of the stock is -8.57.
Currently, EBITDA for the company is -1.08 billion with net debt to EBITDA at -2.56. When we switch over and look at the enterprise to sales, we see a ratio of 1.6. The receivables turnover for the company is 3.42for trailing twelve months and the total asset turnover is 0.43. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.82.
Conclusion
In summary, Kingsoft Cloud Holdings Ltd ADR (KC) has had a better performance as of late. Analysts have bullish opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
