As of Thursday close, Kingsoft Cloud Holdings Limited’s (NASDAQ:KC) stock was up $0.16, moving up 5.30 percent to $3.18. The average number of shares traded per day over the past five days has been 3,754,940 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.50 fall in that time frame. In the last twenty days, the average volume was 4,014,475, while in the previous 50 days, it was 7,576,586.
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Since last month, KC stock retreated -31.47%. Shares of the company fell to $2.89 on 05/12/22, the lowest level in the past month. A 52-week high of $41.14 was reached on 01/03/22 after having rallying from a 52-week low of $2.50. Since the beginning of this year, KC’s stock price has dropped by -79.81% or -$12.57, and marked a new high 1 time. However, the stock has declined by -92.27% since its 52-week high.
In the three months ended September 29, Kingsoft Cloud Holdings Limited’s quick ratio stood at 1.70, while its current ratio was 1.70, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending September 29 was 0.04, and the total debt-to-equity ratio was 0.17. On the profitability front, the trailing twelve-month gross margin is 3.90% percent. In the year ended September 29, operating margins totaled -20.00%. Based on annual data, KC earned $55.12 million in gross profit and brought in $1.42 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -14.40%. Return on equity (ROE) for the past 12 months was -16.90%.
According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. KC’s revenue rose 29.1% during the quarter, while net income inched up to $1.42 billion. While analysts expected Kingsoft Cloud Holdings Limited to report -$0.2 quarterly earnings, the actual figure was -$0.24 per share. During the quarter, the company generated -$108.22 million in EBITDA. The liabilities of Kingsoft Cloud Holdings Limited were 1.5 billion at the end of its most recent quarter ended September 29, and its total debt was $1.16 billion.
This quick technical analysis looks at Kingsoft Cloud Holdings Limited’s (KC) price momentum. With a historical volatility rate of 140.58%, the RSI 9-day stood at 38.33% on 12 May.
With respect to its five-day moving average, the current Kingsoft Cloud Holdings Limited price is down by -13.59% percent or -$0.50. At present, KC shares trade -30.87% below its 20-day simple moving average and -79.05% percent below its 100-day simple moving average. However, the stock is currently trading approximately -49.76% below its SMA50 and -88.79% below its SMA200.
Stochastic coefficient K was 18.54% and Stochastic coefficient D was 16.02%, while ATR was 0.48. Given the Stochastic reading of 21.47% for the 14-day period, the RSI (14) reading has been calculated as 38.30%. As of today, the MACD Oscillator reading stands at -0.30, while the 14-day reading stands at -0.31.
Kingsoft Cloud Holdings Limited (KC) has been rated Overweight by analysts. According to 0 brokerage firms, KC is a sell, and 3 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 1 analyst rate Kingsoft Cloud Holdings Limited stock as buy, with 6 recommending it as overweight.
With a median target price of $63.69, the current consensus forecast for the stock is $34.74 – $216.56. Based on these forecasts, analysts predict Kingsoft Cloud Holdings Limited (KC) will achieve an average price target of $81.88.