At the time of writing, Kingsoft Cloud Holdings Ltd ADR [KC] stock is trading at $3.12, up 2.30%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The KC shares have gain 11.03% over the last week, with a monthly amount glided 15.99%, and seem to be holding up well over a long-time horizon.
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On 8, February 2024, Kingsoft Cloud Announces Results of Extraordinary General Meeting. In a post published today on Yahoo Finance, Kingsoft Cloud Holdings Limited (“we,” “Kingsoft Cloud” or the “Company”) (NASDAQ: KC and HKEX: 3896), a leading independent cloud service provider in China, today announced that each of the proposed resolutions submitted for shareholders’ approval as set forth in the notice of extraordinary general meeting dated January 12, 2024 have been adopted at the meeting held in Beijing, China today.
From an analyst’s perspective:
Kingsoft Cloud Holdings Ltd ADR [NASDAQ: KC] stock has seen the most recent analyst activity on June 01, 2023, when Goldman upgraded its rating to a Neutral but kept the price target unchanged to $4.50 for it. Previously, Goldman downgraded its rating to Sell on April 24, 2023, and elevated its price target to $5.10. On September 07, 2022, downgrade downgraded it’s rating to Neutral and revised its price target to $3 on the stock. JP Morgan downgraded its rating to a Underweight but $3.50 remained the price target by the analyst firm on March 14, 2022. JP Morgan downgraded its rating to Neutral for this stock on February 16, 2022. In a note dated January 03, 2022, Goldman downgraded an Neutral rating on this stock and revised its target price from $37 to $18.
For the past year, the stock price of Kingsoft Cloud Holdings Ltd ADR fluctuated between $2.45 and $10.13. Currently, Wall Street analysts expect the stock to reach $8.5 within the next 12 months. Kingsoft Cloud Holdings Ltd ADR [NASDAQ: KC] shares were valued at $3.12 at the most recent close of the market. An investor can expect a potential return of 172.44% based on the average KC price forecast.
Analyzing the KC fundamentals
According to Kingsoft Cloud Holdings Ltd ADR [NASDAQ:KC], the company’s sales were 1.06B for trailing twelve months, which represents an -21.93% plunge. Gross Profit Margin for this corporation currently stands at -0.03% with Operating Profit Margin at -0.22%, Pretax Profit Margin comes in at -0.24%, and Net Profit Margin reading is -0.51%. To continue investigating profitability, this company’s Return on Assets is posted at -1.53, Equity is -2.61 and Total Capital is -22.65. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of-6.
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 3.03 points at the first support level, and at 2.94 for the second support level. However, for the 1st resistance point, the stock is sitting at 3.23, and for the 2nd resistance point, it is at 3.35.
Kingsoft Cloud Holdings Ltd ADR [KC] reported earnings per share of -$0.19 for its fiscal quarter that ended on 9/29/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of -$0.17/share, meaning a difference of -$0.02 and a surprise factor of -11.80%. By comparison, the stated earnings for the previous quarter ended on 6/29/2023 were -$0.18 per share as compared to estimates of -$0.2 per share, a difference of $0.02 representing a surprise of 10.00%.
Ratios To Look Out For
It is important to note that Kingsoft Cloud Holdings Ltd ADR [NASDAQ:KC] has a current ratio of 1.17. Also, the Quick Ratio is 1.17, while the Cash Ratio stands at 0.05. Considering the valuation of this stock, the price to sales ratio is 0.70, the price to book ratio is 0.75.
