The price of Kingsoft Cloud Holdings Ltd ADR (NASDAQ:KC) shares last traded on Wall Street fell -11.49% to $5.78.
KC stock price is now 74.54% away from the 50-day moving average and 97.50% away from the 200-day moving average. The market capitalization of the company currently stands at $1.47B.
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With the price target maintained at $4.40, CLSA recently Upgraded its rating from Underperform to Outperform for Kingsoft Cloud Holdings Ltd ADR (NASDAQ: KC). On March 21, 2024, Citigroup Upgraded its previous ‘Neutral’ rating to ‘Buy’ on the stock keeping its target price maintained at $5, while ‘JP Morgan’ rates the stock as ‘Overweight’
In other news, Tian Kaiyan, Vice President bought 3,200 shares of the company’s stock on Nov 21 ’24. The stock was bought for $20,896 at an average price of $6.53. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 21 ’24, Senior Vice President Liu Tao bought 60,000 shares of the business’s stock. A total of $391,800 was incurred on buying the stock at an average price of $6.53. A total of 0.06% of the company’s stock is owned by insiders.
During the past 12 months, Kingsoft Cloud Holdings Ltd ADR has had a low of $2.02 and a high of $6.54. As of last week, the company has a debt-to-equity ratio of 0.47, a current ratio of 0.67, and a quick ratio of 0.67. The fifty day moving average price for KC is $3.24 and a two-hundred day moving average price translates $2.9109 for the stock.
The latest earnings results from Kingsoft Cloud Holdings Ltd ADR (NASDAQ: KC) was released for 2024-06-30. The net profit margin was -28.28% and return on equity was -33.16% for KC. The company reported revenue of $268.69 million for the quarter, compared to $253.11 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 6.15 percent.
