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.
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.
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.
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.