8.25% percent quarterly performance for Kingsoft Cloud Holdings Ltd ADR (KC) is not indicative of the underlying story

Kingsoft Cloud Holdings Ltd ADR (NASDAQ: KC) on November 20, 2023, started off the session at the price of $5.40, soaring 3.77% from the previous trading day. During the day, the shares moved up to $5.645 and dropped to $5.29 before settling in for the closing price of $5.31. Within the past 52 weeks, KC’s price has moved between $2.35 and $10.13.

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During the last 5-year period, the sales growth of Technology Sector giant was 50.89%. The company achieved an average annual earnings per share of -727.96%. With a float of $235.80 million, this company’s outstanding shares have now reached $235.94 million.

Let’s determine the extent of company efficiency that accounts for 9517 employees. In terms of profitability, gross margin is +3.21, operating margin of -27.52, and the pretax margin is -32.57.

Kingsoft Cloud Holdings Ltd ADR (KC) Insider Activity

Observing investor behavior towards Software – Application industry stocks is more important than anything else. The insider ownership of Kingsoft Cloud Holdings Ltd ADR is 0.06%, while institutional ownership is 19.44%.

Kingsoft Cloud Holdings Ltd ADR (KC) Earnings and Forecasts

As on 6/29/2023, Multinational firm has announced its last quarter scores, in which it reported -$0.18 earnings per share (EPS) for the period topping the consensus outlook (set at -$0.2) by $0.02. This company achieved a net margin of -32.50 while generating a return on equity of -27.05. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.17 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around -727.96% per share during the next fiscal year.

Kingsoft Cloud Holdings Ltd ADR (NASDAQ: KC) Trading Performance Indicators

Kingsoft Cloud Holdings Ltd ADR (KC) is currently performing well based on its current performance indicators. A quick ratio of 1.25 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.16.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -1.45, a number that is poised to hit -0.17 in the next quarter and is forecasted to reach -0.60 in one year’s time.

Technical Analysis of Kingsoft Cloud Holdings Ltd ADR (KC)

Looking closely at Kingsoft Cloud Holdings Ltd ADR (NASDAQ: KC), its last 5-days average volume was 0.89 million, which is a drop from its year-to-date volume of 2.07 million. As of the previous 9 days, the stock’s Stochastic %D was 48.17%. Additionally, its Average True Range was 0.30.

During the past 100 days, Kingsoft Cloud Holdings Ltd ADR’s (KC) raw stochastic average was set at 39.84%, which indicates a significant decrease from 74.56% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 65.75% in the past 14 days, which was lower than the 72.16% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $4.91, while its 200-day Moving Average is $5.48. However, in the short run, Kingsoft Cloud Holdings Ltd ADR’s stock first resistance to watch stands at $5.67. Second resistance stands at $5.84. The third major resistance level sits at $6.03. If the price goes on to break the first support level at $5.32, it is likely to go to the next support level at $5.13. Should the price break the second support level, the third support level stands at $4.96.

Kingsoft Cloud Holdings Ltd ADR (NASDAQ: KC) Key Stats

Market capitalization of the company is 1.30 billion based on 253,686K outstanding shares. Right now, sales total 1,186 M and income totals -385,400 K. The company made 253,110 K in profit during its latest quarter, and -68,860 K in sales during its previous quarter.


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