Kingsoft Cloud Holdings Ltd ADR (KC)’s Market Momentum: Closing Strong at 2.23, Up 0.90

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As of close of business last night, Kingsoft Cloud Holdings Ltd ADR’s stock clocked out at $2.23, up 0.90% from its previous closing price of $2.21. In other words, the price has increased by $0.90 from its previous closing price. On the day, 1.03 million shares were traded. KC stock price reached its highest trading level at $2.27 during the session, while it also had its lowest trading level at $2.175.

Ratios:

To gain a deeper understanding of KC’s stock, we examine its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.82 and its Current Ratio is at 0.82. In the meantime, Its Debt-to-Equity ratio is 0.38 whereas as Long-Term Debt/Eq ratio is at 0.12.

On March 21, 2024, Citigroup Upgraded its rating to Buy which previously was Neutral but kept the price unchanged to $5.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, KC now has a Market Capitalization of 544075392 and an Enterprise Value of 10395912192. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.58 while its Price-to-Book (P/B) ratio in mrq is 0.61. Its current Enterprise Value per Revenue stands at 1.482 whereas that against EBITDA is -38.172.

Stock Price History:

Over the past 52 weeks, KC has reached a high of $5.80, while it has fallen to a 52-week low of $2.02. The 50-Day Moving Average of the stock is -8.30%, while the 200-Day Moving Average is calculated to be -22.53%.

Shares Statistics:

It appears that KC traded 853.34K shares on average per day over the past three months and 816440 shares per day over the past ten days. A total of 253.69M shares are outstanding, with a floating share count of 253.53M. Insiders hold about 0.06% of the company’s shares, while institutions hold 12.02% stake in the company. Shares short for KC as of 1724976000 were 9445254 with a Short Ratio of 11.07, compared to 1722384000 on 8350362. Therefore, it implies a Short% of Shares Outstanding of 9445254 and a Short% of Float of 8.6.

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