As this happened, CLSA upgraded its Kingsoft Cloud Holdings Ltd ADR [KC] rating to an Outperform from a an Underperform in a research note published recently. A number of analysts have revised their coverage, including Citigroup’s analysts, who increased its forecast for the stock in late March from “a Neutral” to “a Buy”. JP Morgan also remained covering KC and has increased its forecast on March 11, 2024 with a “an Overweight” recommendation from previously “Neutral” rating. Goldman revised its rating on June 01, 2023. It rated KC as “a Neutral” which previously was an “a Sell”.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Price Performance Review of KC
On Tuesday, Kingsoft Cloud Holdings Ltd ADR [NASDAQ:KC] saw its stock jump 1.81% to $2.82. Over the last five days, the stock has gained 3.30%. Kingsoft Cloud Holdings Ltd ADR shares have fallen nearly -25.40% since the year began. Nevertheless, the stocks have fallen -36.05% over the past one year. While a 52-week high of $5.80 was reached on 10/07/24, a 52-week low of $2.02 was recorded on 09/06/24. SMA at 50 days reached $2.66, while 200 days put it at $2.80.
Levels Of Support And Resistance For KC Stock
The 24-hour chart illustrates a support level at 2.75, which if violated will result in even more drops to 2.69. On the upside, there is a resistance level at 2.90. A further resistance level may holdings at 2.98. The Relative Strength Index (RSI) on the 14-day chart is 47.72, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.41, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 88.78%. Stochastics %K at 9.24% indicates the stock is a buying.
How much short interest is there in Kingsoft Cloud Holdings Ltd ADR?
A steep rise in short interest was recorded in Kingsoft Cloud Holdings Ltd ADR stocks on 2024-09-30, dropping by -1.96 million shares to a total of 7.48 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 9.45 million shares. There was a decline of -26.21%, which implies that there is a negative sentiment for the stock.
