Kingsoft Cloud (NASDAQ:KC) Shares Gap Up – What’s Next?

Shares of Kingsoft Cloud Holdings Limited Sponsored ADR (NASDAQ:KC) gapped up prior to trading on Wednesday . The stock had previously closed at $9.44, but opened at $10.41. Kingsoft Cloud shares last traded at $10.3710, with a volume of 932,675 shares changing hands.

Analyst Ratings Changes

KC has been the subject of a number of research analyst reports. Jefferies Financial Group boosted their price target on Kingsoft Cloud from $17.00 to $19.00 and gave the stock a “buy” rating in a report on Wednesday, March 25th. Morgan Stanley began coverage on Kingsoft Cloud in a research note on Tuesday. They issued an “overweight” rating and a $15.00 price objective on the stock. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Kingsoft Cloud in a research report on Tuesday, April 21st. Five analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $17.65.

Kingsoft Cloud Price Performance

The business’s 50-day simple moving average is $12.30 and its two-hundred day simple moving average is $13.04. The stock has a market cap of $3.16 billion, a price-to-earnings ratio of -22.28 and a beta of 1.99. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.03 and a quick ratio of 1.03.

Kingsoft Cloud (NASDAQ:KC) last announced its quarterly earnings results on Friday, May 15th. The company reported ($0.17) earnings per share (EPS) for the quarter. Kingsoft Cloud had a negative return on equity of 11.67% and a negative net margin of 9.38%.The company had revenue of $392.15 million for the quarter. Research analysts expect that Kingsoft Cloud Holdings Limited Sponsored ADR will post -0.45 earnings per share for the current year.

Hedge Funds Weigh In On Kingsoft Cloud

Institutional investors and hedge funds have recently bought and sold shares of the company. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Kingsoft Cloud during the fourth quarter valued at about $63,000. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Kingsoft Cloud by 14.7% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 9,148 shares of the company’s stock valued at $95,000 after buying an additional 1,170 shares during the period. CWM LLC acquired a new position in shares of Kingsoft Cloud in the fourth quarter valued at approximately $132,000. Equitable Holdings Inc. bought a new position in Kingsoft Cloud in the 3rd quarter valued at approximately $150,000. Finally, Nomura Holdings Inc. bought a new position in Kingsoft Cloud in the 2nd quarter valued at approximately $175,000. Institutional investors and hedge funds own 13.40% of the company’s stock.

About Kingsoft Cloud

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.