As of Thursday close, Kingsoft Cloud Holdings Limited’s (NASDAQ:KC) stock was down -$0.31, moving down -6.51 percent to $4.45. The average number of shares traded per day over the past five days has been 1,275,780 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.61 fall in that time frame. In the last twenty days, the average volume was 1,147,485, while in the previous 50 days, it was 1,634,830.
Since last month, KC stock retreated -12.57%. Shares of the company fell to $4.45 on 09/21/23, the lowest level in the past month. A 52-week high of $10.13 was reached on 04/03/23 after having rallying from a 52-week low of $1.77. Since the beginning of this year, KC’s stock price has risen by 16.19% or $0.62, and marked a new high 11 times. However, the stock has declined by -56.07% since its 52-week high.
Valuation Metrics
The stock’s beta is 2.43. Besides these, the trailing price-to-sales (P/S) ratio of 1.00, the price-to-book (PB) ratio of 0.97, and the price-to-cash flow ratio of 29.37 may also be considered.
Financial Health
In the three months ended June 29, Kingsoft Cloud Holdings Limited’s quick ratio stood at 1.30, while its current ratio was 1.30, 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 June 29 was 0.03, and the total debt-to-equity ratio was 0.16. On the profitability front, the trailing twelve-month gross margin is 8.80% percent. In the year ended June 29, EBITDA margin amounted to -13.37%, whereas operating margins totaled -27.30%. Based on annual data, KC earned $62.28 million in gross profit and brought in $1.19 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 -21.40%. Return on equity (ROE) for the past 12 months was -28.00%.
KC’s revenue fell -19.89% during the quarter, while net income inched up to $1.19 billion. While analysts expected Kingsoft Cloud Holdings Limited to report -$0.2 quarterly earnings, the actual figure was -$0.18 per share. During the quarter, the company generated -$50.08 million in EBITDA. The liabilities of Kingsoft Cloud Holdings Limited were 1.08 billion at the end of its most recent quarter ended June 29, and its total debt was $1.85 billion.
Technical Picture
This quick technical analysis looks at Kingsoft Cloud Holdings Limited’s (KC) price momentum. With a historical volatility rate of 34.49%, the RSI 9-day stood at 21.13% on 21 September.
With respect to its five-day moving average, the current Kingsoft Cloud Holdings Limited price is down by -12.06% percent or -$0.61. At present, KC shares trade -13.93% below its 20-day simple moving average and -22.34% percent below its 100-day simple moving average. However, the stock is currently trading approximately -22.34% below its SMA50 and +33.63% above its SMA200.
Stochastic coefficient K was 1.53% and Stochastic coefficient D was 3.14%, while ATR was 0.25. Given the Stochastic reading of 0.33% for the 14-day period, the RSI (14) reading has been calculated as 29.73%. As of today, the MACD Oscillator reading stands at -0.24, while the 14-day reading stands at -0.41.
Analyst Ratings
Goldman upgraded its rating on Kingsoft Cloud Holdings Limited (NASDAQ: KC) to a Neutral in a note to investors on June 01, 2023. The analysts firm previously had a Sell rating on the stock.Kingsoft Cloud Holdings Limited (KC) has been rated Hold by analysts. According to 1 brokerage firm, KC is a sell, and 3 firms recommend it is a Hold. There are 1 analyst who say the stock is underweight. A total of 2 analysts rate Kingsoft Cloud Holdings Limited stock as buy, with 2 recommending it as overweight.
With a median target price of $43.03, the current consensus forecast for the stock is $14.22 – $50.30. Based on these forecasts, analysts predict Kingsoft Cloud Holdings Limited (KC) will achieve an average price target of $40.15.
