Kingsoft Cloud Holdings Limited (KC) is trading at $40.23 at press time: False Bounce or Growth Revival?

Kingsoft Cloud Holdings Limited (NASDAQ:KC) Relative Strength Index (RSI) is 63.03, with weekly volatility at 8.59% and ATR at 2.62. The KC stock’s 52-week price range has touched low of $17.01 and a $42.80 high. Intraday shares traded counted 10.02 million, which was -453.59% lower than its 30-day average trading volume of 1.81M. Its shares traded lower over the last trading session, losing -3.20% on 11/30/20. The shares fell to a low of $39.05 before closing at $40.23. KC’s previous close was $41.56 while the outstanding shares total 210.24M.

Investors have identified the Software – Application company Kingsoft Cloud Holdings Limited as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $7.76 billion, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.

Kingsoft Cloud Holdings Limited (KC) Fundamentals that are to be considered.

When analyzing a stock, the first fundamental thing to take into account is the balance sheet. How healthy the balance sheet of a company is will determine if the company will be able to carry out all its financial and non-financial obligations and also keep the faith of its investors. For KC, the company has in raw cash 569.47 million on their books with 18.32 million currently as liabilities. How the trend is over time is what investors should be concerned about. The company has a healthy balance sheet as their debt profile has been on a decline. In terms of their assets, the company currently has 1399925000 million total, with 488871000 million as their total liabilities.

Potential earnings growth for Kingsoft Cloud Holdings Limited (KC)

What matters though is how it ends. When the core data for the company is broken down, then the stock sounds interesting. The company spent 238.0 million trying to sell their products during the last quarter, with the result yielding a gross income of 16.63 million. This allows shareholders to hold on to 210.24M with the revenue now reading -0.07 cents per share. This is a figure that is close to analyst’s prediction for their fourth quarter (-0.20 cents a share).

Is the stock of KC attractive?

In the last 6 months, insiders have changed their ownership in shares of company stock by 1.62%.

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