That’s why I Feel Comfortable With Kingsoft Cloud Holdings Limited’s (KC) Future

Kingsoft Cloud Holdings Limited [KC] stock is trading at $1.90, up down -2.56%. An important factor to consider is whether the stock is rising or falling in short-term value. The KC shares have lost -15.18% over the last week, with a monthly amount drifted -33.10%, and not seem to be holding up well over a long-time horizon.

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On 6, September 2022, Kingsoft Cloud Announces Unaudited Second Quarter 2022 Financial Results. In a post published today on Yahoo Finance, Kingsoft Cloud Holdings Limited (“Kingsoft Cloud” or the “Company”) (NASDAQ: KC), a leading independent cloud service provider in China, today announced its unaudited financial results for the second quarter ended June 30, 2022.

From an analyst’s perspective:

Kingsoft Cloud Holdings Limited [NASDAQ: KC] stock has seen the most recent analyst activity on September 07, 2022, when Citigroup downgraded its rating to a Neutral and also revised its price target to $3 from $8.50. On March 14, 2022, downgrade downgraded it’s rating to Underweight but maintained its price target of $3.50 on the stock. JP Morgan downgraded its rating to a Neutral. Goldman downgraded its rating to a Neutral and reduced its price target to $18 on January 03, 2022. Nomura downgraded its rating to Neutral for this stock on September 29, 2021, and downed its price target to $33. In a note dated January 05, 2021, Jefferies initiated an Buy rating and iterated a target price of $55 on this stock.

Kingsoft Cloud Holdings Limited [KC] stock has fluctuated between $1.95 and $31.99 over the past year. Currently, Wall Street analysts expect the stock to reach $31.67 within the next 12 months. Kingsoft Cloud Holdings Limited [NASDAQ: KC] shares were valued at $1.90 at the most recent close of the market. An investor can expect a potential return of 1566.84% based on the average price forecast.

Analyzing the KC fundamentals

Kingsoft Cloud Holdings Limited [NASDAQ:KC] reported sales of 342.4 billion for the most recent quarter, which represents a drop of -12.30%. Gross Margin for this corporation currently stands at +3.10% with Operating Margin at -20.00%, Pretax Margin comes in at -17.39%, and Net Margin reading is -17.53%.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 1.8267 points at the first support level, and at 1.7533 for the second support level. However, for the 1st resistance point, the stock is sitting at 1.9967, and for the 2nd resistance point, it is at 2.0933.

Kingsoft Cloud Holdings Limited [KC] reported earnings per share of -$0.27 for its fiscal quarter that ended on 3/30/2022. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of -$0.27/share, meaning a difference of $0 and a surprise factor of 0.00%. By comparison, the stated earnings for the previous quarter ended on 12/30/2021 were -$0.34 per share as compared to estimates of -$0.31 per share, a difference of $-0.03 representing a surprise of -9.70%.

Ratios To Look Out For

For context, Kingsoft Cloud Holdings Limited’s Current Ratio is 1.40. On the other hand, the Quick Ratio is 1.63, and the Cash Ratio is 0.92. Considering the valuation of this stock, the price to sales ratio is 2.57, the price to book ratio is 2.30.