As of Monday, Kingsoft Cloud Holdings Limited’s (NASDAQ:KC) stock closed at $4.89, down from $4.97 the previous day. While Kingsoft Cloud Holdings Limited has underperformed by -1.61%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, KC rose by 118.30%, with highs and lows ranging from $10.13 to $1.77, whereas the simple moving average fell by -7.68% in the last 200 days.
On June 01, 2023, Goldman Upgraded Kingsoft Cloud Holdings Limited (NASDAQ: KC) to Neutral.
Analysis of Kingsoft Cloud Holdings Limited (KC)
Further, the quarter-over-quarter decrease in sales is -3.70%, showing a negative trend in the upcoming months.
One of the most important indicators of Kingsoft Cloud Holdings Limited’s future performance is equity, which can be evaluated using several well-rounded types of analysis and research techniques. The goal here is to ensure that your current return on equity of -28.00% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 1.30, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
For any stock, average volume can also provide valuable insight into volatility, and KC is recording 1.90M average volume. On a monthly basis, the volatility of the stock is set at 5.36%, whereas on a weekly basis, it is put at 3.38%, with a loss of -6.68% over the past seven days. Furthermore, long-term investors anticipate a median target price of $5.63, showing growth from the present price of $4.89, which can serve as yet another indication of whether KC is worth investing in or should be passed over.
How Do You Analyze Kingsoft Cloud Holdings Limited Shares?
Along with the fundamentals, it is also important to consider how many employees own shares of the company. This is because the values should be in line with investors’ expectations. As opposed to executive stock, institutional ownership accounts for 21.90% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
Are institutional investors increasing their holdings in KC shares?
The recent increase in stakes in KC appears to be a result of several institutional investors and hedge funds increasing their positions. Massachusetts Financial Services made another decreased to its shares in KC during the first quarter, downing its stake by -0.24%. During the last quarter, the company picked up -8,159 additional shares for a total stake of worth $18.91 million, bringing number of shares owned by the company to 3,323,606.
During the first quarter, Alpha Square Group S LLC added a 50,000 position in KC. The Vanguard Group, Inc. purchased an additional 37289.0 shares in the last quarter, increasing its holdings by 1.22%, now holding 3.1 million shares worth $17.63 million. At the end of the first quarter, MFS International decreased its KC holdings by -0.65% and now holds 3.08 million KC shares valued at $17.51 million with the lessened 20174.0 shares during the period. KC shares are owned by institutional investors to the tune of 21.90% at present.