At the time of writing, Kingsoft Cloud Holdings Ltd ADR [KC] stock is trading at $3.07, down -2.85%. An important factor to consider is whether the stock is rising or falling in short-term value. The KC shares have gain 14.13% over the last week, with a monthly amount glided 14.13%, and seem to be holding up well over a long-time horizon.
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On 8, March 2024, Kingsoft Cloud to Report Fourth Quarter and Fiscal Year 2023 Financial Results on March 20, 2024. In a post published today on Yahoo Finance, Kingsoft Cloud Holdings Limited (NASDAQ: KC and HKEX: 3896) (“Kingsoft Cloud” or the “Company”), a leading independent cloud service provider in China, today announced that it will release its unaudited financial results for the fourth quarter and fiscal year 2023 ended December 31, 2023 before the open of U.S. markets on Wednesday, March 20, 2024.
From an analyst’s perspective:
Kingsoft Cloud Holdings Ltd ADR [NASDAQ: KC] stock has seen the most recent analyst activity on March 11, 2024, when JP Morgan upgraded its rating to a Overweight. Previously, Goldman upgraded its rating to Neutral on June 01, 2023, and kept the price target unchanged to $4.50. On April 24, 2023, downgrade downgraded it’s rating to Sell and revised its price target to $5.10 on the stock. Citigroup downgraded its rating to a Neutral and decreased its price target to $3 on September 07, 2022. JP Morgan downgraded its rating to Underweight for this stock on March 14, 2022, but kept the price target unchanged to $3.50. In a note dated February 16, 2022, JP Morgan downgraded an Neutral rating on this stock.
For the past year, the stock price of Kingsoft Cloud Holdings Ltd ADR fluctuated between $2.34 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 $3.07 at the most recent close of the market. An investor can expect a potential return of 176.87% 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 0.1% with Operating Profit Margin at -0.33%, Pretax Profit Margin comes in at -0.32%, and Net Profit Margin reading is -0.32%. To continue investigating profitability, this company’s Return on Assets is posted at -0.17, Equity is -0.3 and Total Capital is -0.29. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.15.
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 3.02 points at the first support level, and at 2.97 for the second support level. However, for the 1st resistance point, the stock is sitting at 3.17, and for the 2nd resistance point, it is at 3.27.
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. On the other hand, the Quick Ratio is 1.17, and the Cash Ratio is 0.47. Considering the valuation of this stock, the price to sales ratio is 0.69, the price to book ratio is 0.74.
