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Monday, June 5, 2023

The Question Is Whether To Buy Or Not To Buy Kingsoft Cloud Holdings Limited (NASDAQ: KC)

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for Kingsoft Cloud Holdings Limited (KC) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.05, or 1.25%, to $4.05. The Kingsoft Cloud Holdings Limited has recorded 8,622 volume in the after hours trading session. The stock was recently discussed on Yahoo Finance as it revealed that Kingsoft Cloud Announces Unaudited First Quarter 2023 Financial Results.

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Stocks Info

Kingsoft Cloud Holdings Limited is listed on the NASDAQ as a member of the Technology sector and is a part of the Software – Application industry. At the end of the last regular session, the stock closed at $4.00 and fluctuated between $4.2800 as its day high and $3.9600 as its day low. The current market capitalization of Kingsoft Cloud Holdings Limited is $1.10B. A total of 1.73 million shares were traded on the day, compared to an average of 2.71M shares.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. According to analysts who have offered 12-month price targets for KC in the last 3 months, the mean price target is $42.10 with high estimates of $71.91 and low estimates of $13.25. In terms of 52-week highs and lows, KC has a high of $10.13 and a low of $1.77.

As of this writing, KC has an earnings estimate of -$0.22 per share for the current quarter. EPS was calculated based on a consensus of 1 estimates, with a high estimate of -$0.22 per share and a lower estimate of -$0.22. The company reported an EPS of -$0.29 in the last quarter, which was -20.80% lower than expectations of -$0.24.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information. KC’s latest balance sheet shows that the firm has $6.71B in Cash & Short Term Investments as of fiscal 2021. There were $1.62B in debt and $7.52B in liabilities at the time. Its Book Value Per Share was $5.31, while its Total Shareholder’s Equity was $11.49B.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for KC is Buy with a score of 3.00.

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