Kingsoft Cloud (NASDAQ:KC) Trading Up 5.9% – Time to Buy?

Kingsoft Cloud Holdings Limited Sponsored ADR (NASDAQ:KC) shot up 5.9% during trading on Monday . The company traded as high as $10.20 and last traded at $10.1050. 116,984 shares traded hands during trading, a decline of 92% from the average session volume of 1,486,169 shares. The stock had previously closed at $9.54.

Analysts Set New Price Targets

Several research firms recently issued reports on KC. Jefferies Financial Group reissued a “buy” rating and issued a $17.00 target price on shares of Kingsoft Cloud in a research report on Thursday, July 16th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Kingsoft Cloud in a research report on Friday. Finally, Morgan Stanley began coverage on shares of Kingsoft Cloud in a research note on Tuesday, July 7th. They set an “overweight” rating and a $15.00 price target on the stock. Five equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $17.15.

Kingsoft Cloud Stock Performance

The stock’s 50-day moving average is $11.41 and its 200-day moving average is $13.00. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.37. The stock has a market cap of $3.04 billion, a price-to-earnings ratio of -21.38 and a beta of 1.99.

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

Hedge Funds Weigh In On Kingsoft Cloud

Several hedge funds and other institutional investors have recently made changes to their positions in KC. Artisan Partners Limited Partnership increased its holdings in Kingsoft Cloud by 16.4% in the 4th quarter. Artisan Partners Limited Partnership now owns 4,016,945 shares of the company’s stock valued at $41,535,000 after purchasing an additional 564,907 shares in the last quarter. The Manufacturers Life Insurance Company acquired a new position in shares of Kingsoft Cloud during the first quarter worth about $9,456,000. Defiance ETFs LLC acquired a new position in shares of Kingsoft Cloud during the fourth quarter worth about $6,463,000. Maxi Investments CY Ltd purchased a new stake in shares of Kingsoft Cloud in the fourth quarter worth about $5,980,000. Finally, LMR Partners LLP boosted its position in shares of Kingsoft Cloud by 1,114.5% in the second quarter. LMR Partners LLP now owns 518,200 shares of the company’s stock worth $6,488,000 after buying an additional 475,533 shares during the period. 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.