Kingsoft Cloud (NASDAQ:KC) Shares Down 3.9% – What’s Next?

Kingsoft Cloud Holdings Limited Sponsored ADR (NASDAQ:KC) dropped 3.9% during trading on Thursday . The company traded as low as $10.47 and last traded at $10.6340. Approximately 255,738 shares traded hands 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.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Zacks Research downgraded shares of Kingsoft Cloud from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 9th. Weiss Ratings reissued a “sell (d-)” rating on shares of Kingsoft Cloud in a research report on Tuesday, April 21st. Finally, Jefferies Financial Group lifted their target price on shares of Kingsoft Cloud from $17.00 to $19.00 and gave the stock a “buy” rating in a research report on Wednesday, March 25th. Four 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 MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $18.53.

Kingsoft Cloud Stock Performance

The firm’s 50-day moving average price is $14.69 and its two-hundred day moving average price is $13.30. The firm has a market capitalization of $3.24 billion, a PE ratio of -22.83 and a beta of 1.94. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.37.

Kingsoft Cloud (NASDAQ:KC) last released its earnings results on Friday, May 15th. The company reported ($0.17) earnings per share for the quarter. The firm 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%. As a group, research analysts predict that Kingsoft Cloud Holdings Limited Sponsored ADR will post -0.46 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in KC. Artisan Partners Limited Partnership purchased a new position in Kingsoft Cloud during the third quarter valued at approximately $51,504,000. The Manufacturers Life Insurance Company purchased a new position in Kingsoft Cloud during the first quarter valued at approximately $9,456,000. Defiance ETFs LLC purchased a new position in Kingsoft Cloud during the fourth quarter valued at approximately $6,463,000. Maxi Investments CY Ltd purchased a new position in Kingsoft Cloud during the fourth quarter valued at approximately $5,980,000. Finally, LMR Partners LLP grew its position in Kingsoft Cloud by 1,114.5% during the second quarter. LMR Partners LLP now owns 518,200 shares of the company’s stock valued at $6,488,000 after purchasing an additional 475,533 shares in the last quarter. 13.40% of the stock is owned by hedge funds and other 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.