Kingsoft Cloud Holdings Ltd ADR’s stock (KC) continues to rise above its goal

A share price of Kingsoft Cloud Holdings Ltd ADR [KC] is currently trading at $2.95, up 5.73%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The KC shares have gain 33.48% over the last week, with a monthly amount glided 23.95%, and seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

Kingsoft Cloud Holdings Ltd ADR [NASDAQ: KC] stock has seen the most recent analyst activity on March 21, 2024, when CLSA upgraded its rating to a Outperform but kept the price target unchanged to $4.40 for it. Previously, Citigroup upgraded its rating to Buy on March 21, 2024, and kept the price target unchanged to $5. On March 11, 2024, upgrade upgraded it’s rating to Overweight. Goldman upgraded its rating to a Neutral but stick to its price target of $4.50 on June 01, 2023. Goldman downgraded its rating to a Sell and raised its price target to $5.10 on April 24, 2023. Citigroup downgraded its rating to Neutral for this stock on September 07, 2022, and downed its price target to $3.

Kingsoft Cloud Holdings Ltd ADR experienced fluctuations in its stock price throughout the past year between $2.02 and $5.80. Currently, Wall Street analysts expect the stock to reach $4.97 within the next 12 months. Kingsoft Cloud Holdings Ltd ADR [NASDAQ: KC] shares were valued at $2.95 at the most recent close of the market. An investor can expect a potential return of 68.47% based on the average KC price forecast.

Analyzing the KC fundamentals

Trailing Twelve Months sales for Kingsoft Cloud Holdings Ltd ADR [NASDAQ:KC] were 970.78M which represents -0.09% decline. Gross Profit Margin for this corporation currently stands at 0.15% with Operating Profit Margin at -0.24%, Pretax Profit Margin comes in at -0.26%, and Net Profit Margin reading is -0.25%. To continue investigating profitability, this company’s Return on Assets is posted at -0.11, Equity is -0.25 and Total Capital is -0.19. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.24.

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 2.85 points at the first support level, and at 2.74 for the second support level. However, for the 1st resistance point, the stock is sitting at 3.04, and for the 2nd resistance point, it is at 3.13.

Ratios To Look Out For

To put it in perspective, the Current Ratio for Kingsoft Cloud Holdings Ltd ADR [NASDAQ:KC] is 0.82. Further, the Quick Ratio stands at 0.82, while the Cash Ratio is 0.26. Considering the valuation of this stock, the price to sales ratio is 0.77, the price to book ratio is 0.81.

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