Kingsoft Cloud (NASDAQ:KC) Reaches New 52-Week High – Here’s Why

Shares of Kingsoft Cloud Holdings Limited Sponsored ADR (NASDAQ:KC) hit a new 52-week high on Thursday . The stock traded as high as $18.52 and last traded at $17.92, with a volume of 4395931 shares. The stock had previously closed at $15.31.

Wall Street Analyst Weigh In

KC has been the topic of several recent research reports. Jefferies Financial Group upped their price target on Kingsoft Cloud from $17.00 to $19.00 and gave the stock a “buy” rating in a research note on Wednesday, March 25th. Zacks Research cut Kingsoft Cloud from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 9th. The Goldman Sachs Group raised Kingsoft Cloud from a “neutral” rating to a “buy” rating and set a $15.60 price target on the stock in a research note on Tuesday, February 10th. Finally, Weiss Ratings reaffirmed 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 assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $18.53.

Kingsoft Cloud Stock Up 17.0%

The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.32. The company has a fifty day simple moving average of $14.87 and a 200 day simple moving average of $13.17. The firm has a market capitalization of $5.41 billion, a P/E ratio of -36.57 and a beta of 2.04.

Institutional Investors Weigh In On Kingsoft Cloud

Hedge funds have recently added to or reduced their stakes in the stock. Caitong International Asset Management Co. Ltd bought a new stake in Kingsoft Cloud in the fourth quarter worth $63,000. Mirae Asset Global Investments Co. Ltd. boosted its holdings in 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 worth $95,000 after acquiring an additional 1,170 shares in the last quarter. CWM LLC bought a new stake in Kingsoft Cloud in the fourth quarter worth $132,000. Equitable Holdings Inc. bought a new stake in Kingsoft Cloud in the third quarter worth $150,000. Finally, Nomura Holdings Inc. bought a new stake in Kingsoft Cloud in the second quarter worth $175,000. 13.40% of the stock is owned by institutional investors.

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.