Kingsoft Cloud (KC) Stock Forecast, Price & News

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Kingsoft Cloud in the last year. There are currently 1 sell rating and 3 hold ratings for the stock. The consensus among Wall Street analysts is that investors should "reduce" KC shares.
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4 equities research analysts have issued 1-year price targets for Kingsoft Cloud's shares. Their KC share price forecasts range from $5.00 to $5.00. On average, they expect the company's stock price to reach $5.00 in the next year. This suggests a possible upside of 12.4% from the stock's current price.
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Kingsoft Cloud's stock was trading at $3.83 on January 1st, 2023. Since then, KC stock has increased by 16.2% and is now trading at $4.45.
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Kingsoft Cloud saw a drop in short interest in the month of August. As of August 31st, there was short interest totaling 9,340,000 shares, a drop of 21.4% from the August 15th total of 11,890,000 shares. Based on an average trading volume of 2,220,000 shares, the days-to-cover ratio is currently 4.2 days.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 22nd 2023.
View our KC earnings forecast.

Kingsoft Cloud Holdings Limited (NASDAQ:KC) issued its earnings results on Tuesday, August, 22nd. The company reported ($0.30) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.25) by $0.05. The firm had revenue of $253.11 million for the quarter, compared to the consensus estimate of $270.84 million. Kingsoft Cloud had a negative trailing twelve-month return on equity of 25.92% and a negative net margin of 30.85%.

ETFs with the largest weight of Kingsoft Cloud (NASDAQ:KC) stock in their portfolio include SPDR FactSet Innovative Technology ETF (XITK), Wedbush ETFMG Global Cloud Technology ETF (IVES), KraneShares MSCI China Clean Technology Index ETF (KGRN), iShares Robotics and Artificial Intelligence Multisector ETF (IRBO), iShares MSCI China Small-Cap ETF (ECNS), Invesco China Technology ETF (CQQQ) and Global X Cloud Computing ETF (CLOU).Invesco Golden Dragon China ETF (PGJ).

Based on aggregate information from My MarketBeat watchlists, some companies that other Kingsoft Cloud investors own include Abeona Therapeutics (ABEO), Alcoa (AA), CRISPR Therapeutics (CRSP), Inseego (INSG), Intra-Cellular Therapies (ITCI), Spectrum Pharmaceuticals (SPPI), Sorrento Therapeutics (SRNE), Yandex (YNDX), ZTE (ZTCOY) and Aurinia Pharmaceuticals (AUPH).

(KC) raised $425 million in an initial public offering (IPO) on Friday, May 8th 2020. The company issued 25,000,000 shares at $16.00-$18.00 per share. J.P. Morgan, UBS Investment Bank, Credit Suisse and CICC served as the underwriters for the IPO.

Kingsoft Cloud trades on the NASDAQ under the ticker symbol "KC."

Kingsoft Cloud's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Alpha Square Group S LLC (1.27%), BlackRock Inc. (1.16%), State Street Corp (0.45%), Renaissance Technologies LLC (0.40%), Artisan Partners Limited Partnership (0.26%) and Mirae Asset Global Investments Co. Ltd. (0.12%).

Shares of KC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of KC stock can currently be purchased for approximately $4.45.

Kingsoft Cloud (NASDAQ:KC) has a market capitalization of $1.13 billion and generates $1.19 billion in revenue each year. The company earns $-385,400,000.00 in net income (profit) each year or ($1.43) on an earnings per share basis.

The company employs 9,517 workers across the globe.

Kingsoft Cloud's mailing address is KINGSOFT TOWER NO. 33 XIAO YING WEST ROAD HAIDIAN DISTRICT, BEIJING F4, 100085. The official website for the company is www.ksyun.com. The company can be reached via phone at 86-10-6292-7777 or via email at ksc-ir@kingsoft.com.