Kingsoft Cloud (NASDAQ:KC) Shares Down 3.9% – Here’s What Happened

Kingsoft Cloud Holdings Limited Sponsored ADR (NASDAQ:KC) shares were down 3.9% during trading on Thursday . The company traded as low as $10.47 and last traded at $10.6340. Approximately 255,738 shares were traded during mid-day trading, a decline of 83% from the average daily volume of 1,469,849 shares. The stock had previously closed at $11.07.

Analysts Set New Price Targets

A number of research analysts have commented on KC shares. Jefferies Financial Group increased their price objective on Kingsoft Cloud from $17.00 to $19.00 and gave the company a “buy” rating in a research report on Wednesday, March 25th. Zacks Research lowered Kingsoft Cloud from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 9th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Kingsoft Cloud in a research report on Tuesday, April 21st. Four research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $18.53.

Kingsoft Cloud Price Performance

The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.03 and a current ratio of 1.03. The firm has a market capitalization of $3.25 billion, a P/E ratio of -22.94 and a beta of 1.94. The company has a 50-day moving average price of $14.80 and a 200-day moving average price of $13.33.

Kingsoft Cloud (NASDAQ:KC) last posted its quarterly earnings results on Friday, May 15th. The company reported ($0.17) earnings per share (EPS) for the quarter. The company had revenue of $392.15 million during the quarter. Kingsoft Cloud had a negative return on equity of 11.67% and a negative net margin of 9.38%. On average, sell-side analysts predict that Kingsoft Cloud Holdings Limited Sponsored ADR will post -0.46 earnings per share for the current year.

Institutional Trading of Kingsoft Cloud

Several hedge funds have recently added to or reduced their stakes in the business. Bank of America Corp DE raised its stake in Kingsoft Cloud by 93.4% during the 1st quarter. Bank of America Corp DE now owns 165,504 shares of the company’s stock worth $2,211,000 after buying an additional 79,910 shares during the period. The Manufacturers Life Insurance Company acquired a new stake in Kingsoft Cloud during the 1st quarter worth $9,456,000. Cetera Investment Advisers raised its stake in Kingsoft Cloud by 11.7% during the 1st quarter. Cetera Investment Advisers now owns 33,049 shares of the company’s stock worth $442,000 after buying an additional 3,449 shares during the period. XY Capital Ltd raised its stake in Kingsoft Cloud by 84.2% during the 1st quarter. XY Capital Ltd now owns 274,946 shares of the company’s stock worth $3,673,000 after buying an additional 125,671 shares during the period. Finally, Baader Bank Aktiengesellschaft acquired a new stake in Kingsoft Cloud during the 1st quarter worth $2,405,000. Institutional investors and hedge funds own 13.40% of the company’s stock.

Kingsoft Cloud Company Profile

Kingsoft Cloud Holdings Limited (NASDAQ: KC) is a leading provider of cloud computing services in China, offering a comprehensive suite of infrastructure and platform solutions to enterprise customers. Established in 2012 as a subsidiary of Kingsoft Corporation, the company has grown into an independent public entity with dual listings, serving as a critical backbone for digital transformation across multiple industries. Headquartered in Beijing, Kingsoft Cloud leverages advanced technologies to optimize cloud operations and deliver scalable, reliable services.

The company’s core offerings span Infrastructure-as-a-Service (IaaS), Platform-as-a-Service (PaaS) and Software-as-a-Service (SaaS), encompassing compute, storage, database, content delivery networks (CDN) and security solutions.