Kingsoft Cloud (NASDAQ:KC) Trading 6.5% Higher – Time to Buy?

Kingsoft Cloud Holdings Limited Sponsored ADR (NASDAQ:KC)’s stock price traded up 6.5% on Tuesday . The stock traded as high as $9.95 and last traded at $9.7210. Approximately 491,873 shares were traded during trading, a decline of 66% from the average daily volume of 1,456,249 shares. The stock had previously closed at $9.13.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Morgan Stanley initiated coverage on Kingsoft Cloud in a research note on Tuesday. They issued an “overweight” rating and a $15.00 price objective for the company. Jefferies Financial Group increased their price target 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. Zacks Research downgraded shares of Kingsoft Cloud from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 9th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Kingsoft Cloud in a research note on Tuesday, April 21st. Five 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 company. According to MarketBeat.com, Kingsoft Cloud presently has an average rating of “Moderate Buy” and an average price target of $17.65.

Kingsoft Cloud Stock Up 4.5%

The business has a 50 day simple moving average of $12.66 and a 200 day simple moving average of $13.05. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.03 and a quick ratio of 1.03. The stock has a market cap of $2.88 billion, a PE ratio of -20.35 and a beta of 1.99.

Kingsoft Cloud (NASDAQ:KC) last issued its earnings results on Friday, May 15th. The company reported ($0.17) earnings per share for the quarter. Kingsoft Cloud had a negative return on equity of 11.67% and a negative net margin of 9.38%.The firm had revenue of $392.15 million during the quarter. On average, equities research analysts forecast that Kingsoft Cloud Holdings Limited Sponsored ADR will post -0.46 EPS for the current fiscal year.

Hedge Funds Weigh In On Kingsoft Cloud

A number of hedge funds have recently added to or reduced their stakes in KC. Caitong International Asset Management Co. Ltd bought a new position in Kingsoft Cloud during the fourth quarter valued at approximately $63,000. Mirae Asset Global Investments Co. Ltd. grew its position 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 acquired a new position in shares of Kingsoft Cloud during the 4th quarter worth $132,000. Equitable Holdings Inc. acquired a new position in shares of Kingsoft Cloud during the 3rd quarter worth $150,000. Finally, Nomura Holdings Inc. acquired a new position in shares of Kingsoft Cloud during the 2nd quarter worth $175,000. 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.