Kingsoft Cloud Holdings Ltd ADR (NASDAQ: KC) stock jumped 1.72% on Friday to $5.31 against a previous-day closing price of $5.22. With 0.52 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.91 million shares. During the session, the Software – Application company that operates in wider Technology sector, reached to the highest price of $5.36 whereas the lowest price it dropped to was $5.27. The 52-week range on KC shows that it touched its highest point at $10.13 and its lowest point at $2.35 during that stretch. It currently has a 1-year price target of $5.65. Beta for the stock currently stands at 2.35.

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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 up-trending over the past week, with a rise of 5.57%, but this was up by 13.46% over a month. Three-month performance surged to 2.91% while six-month performance rose 20.68%. The stock gained 68.57% in the past year, while it has gained 38.64% so far this year. A look at the trailing 12-month EPS for KC yields -1.45 with Next year EPS estimates of -0.60. For the next quarter, that number is -0.17. This implies an EPS growth rate of -733.66% for this year and 28.49% for next year.

Float and Shares Shorts:

At present, 235.94 million KC shares are outstanding with a float of 235.80 million shares on hand for trading. On Oct 30, 2023, short shares totaled 8.53 million, which was 3.65% higher than short shares on Sep 28, 2023. In addition to Mr. Tao Zou as the firm’s Vice Chairman of the Board & Acting CEO, Mr. Shouhu Wang serves as its President.

Institutional Ownership:

Through their ownership of 21.60% of KC’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 5.07% of KC, in contrast to 13.16% held by mutual funds. 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 3,301,017 shares, controlling over 1.30% 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 8.69% stake in KC, the Canada Pension Plan is the largest stakeholder. A total of 22,041,000 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 13.97 million. R Valor Fund holds 0.64% of the stake in KC, owning 1,611,810 shares worth 7.67 million.

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 $40.50. Based on these targets, KC could surge 847.27% to reach the target high and rise by 167.8% to reach the target low. Reaching the average price target will result in a growth of 662.71% from current levels.

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