Selling Your Kingsoft Cloud Holdings Limited (KC) Stock? Here's What You Need To Know - Stocks Register - Financial Daily News Site

Selling Your Kingsoft Cloud Holdings Limited (KC) Stock? Here's What You Need To Know – Stocks Register

Kingsoft Cloud Holdings Limited (NASDAQ:KC) price on Thursday, May 26, rose 12.03% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $3.91.

A look at the stock’s price movement, the close in the last trading session was $3.49, moving within a range at $3.45 and $3.93. Turning to its 52-week performance, $41.14 and $2.50 were the 52-week high and 52-week low respectively. Overall, KC moved 12.03% over the past month.

Kingsoft Cloud Holdings Limited’s market cap currently stands at around $965.26 million, with investors looking forward to this quarter’s earnings report slated for Nov 24, 2021. Analysts project the company’s earnings per share (EPS) to be -$0.27, which has seen fiscal year 2022 EPS growth forecast to increase to -$0.79 and about -$0.53 for fiscal year 2023. Per the data, EPS growth is expected to be 11.20% for 2022 and 32.90% for the next financial year.

Analysts have a consensus estimate of $309.38 million for the company’s revenue for the quarter, with a low and high estimate of $305.53 million and $315.82 million respectively. The average forecast suggests up to a 10.20% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue for 2022 to grow to $1.58 billion, representing a 17.00% jump on that reported in the last financial year.

Revisions could be used as tool to get short term price movement insight, and for the company that in the past seven days was no upward and no downward review(s). Turning to the stock’s technical picture we see that short term indicators suggest on average that KC is a 50% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.

KC’s current price about 10.58% and -13.84% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 51.44, while 7-day volatility ratio is 10.78% and 11.87% in the 30-day chart. Further, Kingsoft Cloud Holdings Limited (KC) has a beta value of 0, and an average true range (ATR) of 0.42.

In the market, a comparison of Kingsoft Cloud Holdings Limited (KC) and its peers suggest the former has performed considerably stronger. Data shows KC’s intraday price has changed 12.03% in last session and -89.97% over the past year. Comparatively, Microsoft Corporation (MSFT) has moved 1.29% on the day and only 6.65% in the past 12 months. Looking at another peer, we see that Amazon.com Inc. (AMZN) price has gained 4.03% on the day. However, the stock is -31.22% off its price a year ago. Elsewhere, the overall performance for the S&P 500 and Dow Jones Industrial shows that the indexes are up 1.99% and 1.61% respectively in the last trading.

If we refocus on Kingsoft Cloud Holdings Limited (NASDAQ:KC), historical trading data shows that trading volumes averaged 6.81 million over the past 3 months. The company’s latest data on shares outstanding shows there are 242.20 million shares.

Current price change has pushed the stock -75.17% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the KC stock continues to rise going into the next quarter.

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