Top investors say Kingsoft Cloud Holdings Limited (KC) ticks everything they need

Kingsoft Cloud Holdings Limited (NASDAQ: KC) stock fell -1.78% on Friday to $4.97 against a previous-day closing price of $5.06. With 2.51 million shares changed hands, the volume of the stock remained heavier than its average volume of 1.9 million shares. During the session, the Software – Application company that operates in wider Technology sector, reached to the highest price of $5.1850 whereas the lowest price it dropped to was $4.9500. The 52-week range on KC shows that it touched its highest point at $10.13 and its lowest point at $1.77 during that stretch. It currently has a 1-year price target of $5.63. Beta for the stock currently stands at 2.41.

Top 5 EV Tech Stocks to Buy for 2023

The electric vehicle boom is accelerating – and fast. According a new report published by BloombergNEF, annual spending on passenger EVs hit $388 billion in 2022, up 53% from the year before. Like we said, the boom is accelerating – and the time to buy EV-related tech stocks is now. Get our free report, "Top 5 EV Tech Stocks to Buy for 2023".

Click Here to Download the FREE Report.


Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of KC was down-trending over the past week, with a drop of -3.12%, but this was down by -5.69% over a month. Three-month performance dropped to -26.91% while six-month performance fell -5.15%. The stock gained 101.21% in the past year, while it has gained 29.77% so far this year. A look at the trailing 12-month EPS for KC yields -1.39 with Next year EPS estimates of -0.52. For the next quarter, that number is -0.17. This implies an EPS growth rate of -58.90% for this year and 26.80% for next year.

Float and Shares Shorts:

At present, 236.97 million KC shares are outstanding with a float of 235.94 million shares on hand for trading. On Aug 30, 2023, short shares totaled 9.34 million, which was 3.99% higher than short shares on Jul 30, 2023. In addition to Mr. Tao Zou as the firm’s Vice Chairman & Acting CEO, Mr. Shouhu Wang serves as its Pres.

Institutional Ownership:

Through their ownership of 21.60% of KC’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 9.49% of KC, in contrast to 10.57% held by mutual funds. Shares owned by individuals account for –. As the largest shareholder in KC with 8.69% of the stake, Canada Pension Plan Investment Bo holds 22,040,608 shares worth 22,040,608. A second-largest stockholder of KC, Massachusetts Financial Services, holds 3,323,606 shares, controlling over 1.31% of the firm’s shares. Alpha Square Group S LLC is the third largest shareholder in KC, holding 3,231,215 shares or 1.27% stake. With a 4.34% stake in KC, the Canada Pension Plan is the largest stakeholder. A total of 11,021,000 shares are owned by the mutual fund manager. The MFS Emerging Markets Equity Fund, which owns about 1.16% of KC stock, is the second-largest Mutual Fund holder. It holds 2,935,686 shares valued at 16.7 million. R Valor Fund holds 0.64% of the stake in KC, owning 1,611,810 shares worth 9.17 million.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Jun 29, 2023, KC reported revenue of $1.91B and operating income of -$534.42M. The EBITDA in the recently reported quarter was -$235.06M and diluted EPS was -$3.30.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for KC since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With KC analysts setting a high price target of $50.30 and a low target of $14.22, the average target price over the next 12 months is $39.66. Based on these targets, KC could surge 912.07% to reach the target high and rise by 186.12% to reach the target low. Reaching the average price target will result in a growth of 697.99% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.

Leave a Comment

Your email address will not be published. Required fields are marked *