Kingsoft Cloud (NASDAQ:KC) Shares Gap Down – Time to Sell?

Kingsoft Cloud Holdings Limited Sponsored ADR (NASDAQ:KC)’s stock price gapped down before the market opened on Thursday . The stock had previously closed at $9.24, but opened at $8.79. Kingsoft Cloud shares last traded at $8.6530, with a volume of 320,584 shares changing hands.

Analyst Ratings Changes

KC has been the subject of a number of research analyst reports. Zacks Research lowered shares of Kingsoft Cloud from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 9th. Jefferies Financial Group boosted their price objective on shares of Kingsoft Cloud from $17.00 to $19.00 and gave the company a “buy” rating in a research report on Wednesday, March 25th. 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 assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Kingsoft Cloud currently has a consensus rating of “Moderate Buy” and an average target price of $18.53.

Kingsoft Cloud Price Performance

The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.37. The stock has a market capitalization of $2.59 billion, a price-to-earnings ratio of -18.26 and a beta of 1.94. The company’s 50-day simple moving average is $13.68 and its 200 day simple moving average is $13.14.

Kingsoft Cloud (NASDAQ:KC) last posted its earnings results on Friday, May 15th. The company reported ($0.17) earnings per share 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%. Equities research analysts forecast that Kingsoft Cloud Holdings Limited Sponsored ADR will post -0.46 EPS for the current year.

Hedge Funds Weigh In On Kingsoft Cloud

Several large investors have recently made changes to their positions in KC. Bank of America Corp DE boosted 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 valued at $2,211,000 after purchasing an additional 79,910 shares during the period. The Manufacturers Life Insurance Company acquired a new position in shares of Kingsoft Cloud during the first quarter worth approximately $9,456,000. Cetera Investment Advisers boosted its position in shares of Kingsoft Cloud by 11.7% in the first quarter. Cetera Investment Advisers now owns 33,049 shares of the company’s stock valued at $442,000 after acquiring an additional 3,449 shares during the period. XY Capital Ltd boosted its position in shares of Kingsoft Cloud by 84.2% in the first quarter. XY Capital Ltd now owns 274,946 shares of the company’s stock valued at $3,673,000 after acquiring an additional 125,671 shares during the period. Finally, Baader Bank Aktiengesellschaft acquired a new stake in shares of Kingsoft Cloud in the first 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.