An Important Check-Up On Kingsoft Cloud Holdings Limited (NASDAQ: KC)

Canada Pension Plan Investment Bo has recently announced that it has increased stake in Kingsoft Cloud Holdings Limited (NASDAQ:KC) by 46.28%. After grabbing 15.99 million shares, the institutional investor is now in possession of 5.06 million shares of the Technology Company. The new investment brought the stake of investor firm to 6.30% having worth around $61.57 million. Moreover, Massachusetts Financial Services increased its share by 0.13 million to have a control over 3.4 million shares. And Alpha Square Group S LLC raised its holdings to 0.23 million shares by acquiring 3.27 million shares or 1.29% of the stake.

Kingsoft Cloud Holdings Limited (KC) concluded trading on 03/15/23 at a closing price of $4.66, with 3.88 million shares of worth about $18.09 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 106.19% during that period and on Wednesday the price saw a gain of about 14.22%. Currently the company’s common shares owned by public are about 244.05M shares, out of which, 112.47M shares are available for trading.

A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 9 analysts are covering the KC stock and their offered price forecasts bring an average price target of $31.00. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $46.97 and could fall to a lowest price of $13.14. The stock’s current price level is 10.21% above of average price target set by the analysts, while a rise to estimated low would result in gain of 64.54% for the stock. However, touching the estimated high of $46.97 would mean a gain of 90.08% for the stock.

Canada Pension Plan, MFS Emerging Markets Equity Fund, and R Valor are the top 3 mutual funds which are holding stakes in Kingsoft Cloud Holdings Limited Canada Pension Plan is currently holding 11.02 million shares of worth totaling $42.43 million. The company recently came buying 4.2 million shares which brought its stake up to 4.34% of the company’s outstanding shares. MFS Emerging Markets Equity Fund sold 49341.0 shares, after which its hold over company’s outstanding shares shrunk to 1.16%, leaving 2.94 million shares with the mutual fund that have a worth of about $11.3 million. R Valor, after buying 1.62 million shares, have now control over 0.64% of the stake in the company. It holds 0.0 shares of worth $6.24 million.

Kingsoft Cloud Holdings Limited (NASDAQ: KC) started trading at $4.42, above $0.34 from concluding price of the previous day. However, the stock later moved at a day high price of 4.7150, or with a gain of 14.22%. Stock saw a price change of 4.95% in past 5 days and over the past one month there was a price change of -1.89%. Year-to-date (YTD), KC shares are showing a performance of 21.67% which increased to 82.03% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $1.77 but also hit the highest price of $7.62 during that period. The average intraday trading volume for Kingsoft Cloud Holdings Limited shares is 1.97 million. The stock is currently trading 10.48% above its 20-day simple moving average (SMA20), while that difference is up 2.08% for SMA50 and it goes to 30.27% higher than SMA200.

Canada Pension Plan Investment Bo acquired 15.99 million shares of Kingsoft Cloud Holdings Limited having value of about $61.57 million. Data submitted at the U.S SEC by Canada Pension Plan Investment Bo revealed that the firm now holds 5.06 million shares in the company valued at close to $23575196.3, or have control over 46.28% stake in the company. Kingsoft Cloud Holdings Limited (NASDAQ: KC) currently have 244.05M outstanding shares and institutions hold larger chunk of about 21.90% of that. Holding of mutual funds in the company is about 11.00% while other institutional holders and individual stake holders have control over 8.82% and — of the stake respectively.

The stock has a current market capitalization of $1.20B. It has posted earnings per share of -$1.55 in the same period. It has Quick Ratio of 1.40 while making debt-to-equity ratio of 0.16. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for KC, volatility over the week remained 9.38% while standing at 7.36% over the month.

Analysts are in expectations that Kingsoft Cloud Holdings Limited (KC) stock would likely to be making an EPS of -$0.25 in the current quarter, while forecast for next quarter EPS is -$0.21 and it is -$0.82 for next year. For the current quarter EPS, analysts have given the company a lowest target -$0.27 which is -$0.22 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of -$0.34 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -12.90% while it is estimated to increase by 25.50% in next year.

Analysts at 9 brokerage firms have issued recommendations for the Kingsoft Cloud Holdings Limited (KC)’s stock and average of those rates the stock at a “Moderate Buy” and assign it a score of 2.60. Out of those 9 Wall Street analysts, 3 recommended a “Buy” rating, while 4 were in favor recommending the stock as a “Hold” and 1 analyst recommended the stock as “Sell”.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Citigroup on September 07, 2022 offering a Neutral rating for the stock and assigned a target price range of between $8.50 and $3 to it. Coverage by Goldman stated Kingsoft Cloud Holdings Limited (KC) stock as a Neutral in their note to investors on April 11, 2022, suggesting a price target of $9.50 for the stock. Stock get a Neutral rating from Goldman on January 03, 2022.