Kingsoft Cloud Holdings Limited (NASDAQ:KC – Get Free Report) saw a large drop in short interest during the month of September. As of September 30th, there was short interest totalling 7,480,000 shares, a drop of 6.3% from the September 15th total of 7,980,000 shares. Based on an average daily trading volume, of 1,570,000 shares, the days-to-cover ratio is presently 4.8 days.
Kingsoft Cloud Trading Down 2.5 %
KC opened at $2.68 on Friday. The company’s 50 day moving average is $2.64 and its 200-day moving average is $2.77. Kingsoft Cloud has a 1-year low of $2.02 and a 1-year high of $5.80. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.03. The company has a market cap of $679.88 million, a P/E ratio of -2.37 and a beta of 2.00.
Kingsoft Cloud (NASDAQ:KC – Get Free Report) last posted its earnings results on Tuesday, August 20th. The company reported ($0.20) EPS for the quarter, missing the consensus estimate of ($0.16) by ($0.04). Kingsoft Cloud had a negative return on equity of 24.99% and a negative net margin of 25.33%. The business had revenue of $260.32 million for the quarter, compared to analyst estimates of $251.17 million. Equities research analysts predict that Kingsoft Cloud will post -0.69 earnings per share for the current fiscal year.
Institutional Trading of Kingsoft Cloud
Wall Street Analysts Forecast Growth
Separately, Bank of America lowered their price target on shares of Kingsoft Cloud from $3.80 to $3.20 and set a “neutral” rating on the stock in a research report on Wednesday, August 21st. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $4.10.
View Our Latest Stock Analysis on KC
Kingsoft Cloud Company Profile
Kingsoft Cloud Holdings Limited provides cloud services to businesses and organizations primarily in China. The company's products portfolio includes cloud products, including infrastructure as a service (IaaS) infrastructure, platform as a service (PaaS) middleware, and software as a service (SaaS) applications that primarily consist of cloud computing, network, database, big data, security, storage, and delivery solutions.
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