Kingsoft Cloud Holdings Limited (NASDAQ:KC) saw a downside of -1.48% to close Friday at $27.90 after subtracting -$0.42 on the day. The 5-day average trading volume is 923,200 shares of the company’s common stock. It has gained $31.20 in the past week and touched a new high 2 times within the past 5 days. An average of 1,131,000 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,433,374.
KC’s 1-month performance is -17.41% or -$5.88 on its low of $27.15 reached on 10/01/21. The company’s shares have touched a 52-week low of $23.81 and high of $74.67, with the stock’s rally to the 52-week high happening on 02/11/21. YTD, KC has lost -35.94% or -$15.65 and has reached a new high 13 times. However, the current price is down -62.64%% from the 52-week high price.
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Kingsoft Cloud Holdings Limited (KC) has a trailing price-to-earnings (P/E) ratio of 30.97 for the broader industry and 36.97 for the sector, meaning that investors are optimistic about the stock’s future prospects. KC stock has a beta of 0.00. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 5.52 while the price-to-book (PB) in the most recent quarter is 5.18.
Kingsoft Cloud Holdings Limited’s quick ratio for the period ended June 29 was 2.40, with the current ratio over the same period at 2.40 meaning that KC stock is able to fulfill its debt obligations. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.00, while the total debt to equity was 0.09. In terms of profitability, the gross margin trailing 12 months is 5.80%The trailing 12-month EBITDA margin is -6.83% while for the period ending June 29; Kingsoft Cloud Holdings Limited’s operating margin was -15.20%. The firm’s gross profit as reported stood at $54.71 million against revenue of $1.01 billion.
The effectiveness of a company’s management is also important for investors when it comes to determining the potential profitability of the investment. Kingsoft Cloud Holdings Limited’s return on assets over the past 12 months stands at -6.80%. Return on investment over the past year is -14.20%, while its return on equity (ROE) trailing 12 months is -10.00%. In comparison, the average ROE for the broader industry over the past year is 4.90.
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Analysts expected KC to announce -$0.15 per share in earnings in its latest quarter, but it posted -$0.16, representing a -6.70% surprise. EBITDA for the quarter stood at more than -$49.63 million. KC stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 701.04 million, with total debt at $928.28 million
Let’s look briefly at Kingsoft Cloud Holdings Limited (KC) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 01 October was 33.98% to suggest the stock is trending Neutral, with historical volatility in this time period at 51.33%.
The stock’s 5-day moving average is $28.94, reflecting a -6.00% or -$1.78 change from its current price. KC is currently trading -17.24% above its 20-day SMA, -29.62% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by -5.93% and -40.19% respectively.
Stochastic %K and %D was 7.01% and 11.53% and the average true range (ATR) pointed at 1.75. The RSI (14) points at 39.73%, while the 14-day stochastic is at 13.23% with the period’s ATR at 1.84. The stock’s 9-day MACD Oscillator is pointing at -1.33 and -1.70 on the 14-day charts.
In the most recent analyst report for Kingsoft Cloud Holdings Limited (NASDAQ: KC), Nomura downgraded it to a Neutral rating. They previously had a Buy rating on the stock. Analysts offering their rating for KC stock have a consensus rating for the stock as Buy. Currently, 0 brokerage advisors rate KC as a “sell,”, while 2 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 12 have offered a “buy” rating.
What is KC’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $213.32 and a high of $356.09, with their median price target at $287.77. Looking at these predictions, the average price target given by analysts is for Kingsoft Cloud Holdings Limited (KC) stock is $289.90.