Kingsoft Cloud (NASDAQ:KC) Shares Gap Up – Here’s What Happened

Kingsoft Cloud Holdings Limited Sponsored ADR (NASDAQ:KC) shares gapped up prior to trading on Tuesday . The stock had previously closed at $11.37, but opened at $12.16. Kingsoft Cloud shares last traded at $11.89, with a volume of 298,133 shares traded.

Wall Street Analysts Forecast Growth

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

Kingsoft Cloud Price Performance

The firm has a market capitalization of $3.34 billion, a PE ratio of -23.55 and a beta of 1.94. 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 company has a 50-day moving average price of $14.80 and a 200-day moving average price of $13.33.

Kingsoft Cloud (NASDAQ:KC) last announced its quarterly earnings data on Friday, May 15th. The company reported ($0.17) EPS for the quarter. The business had revenue of $392.15 million during the quarter. Kingsoft Cloud had a negative net margin of 9.38% and a negative return on equity of 11.67%. Sell-side analysts forecast that Kingsoft Cloud Holdings Limited Sponsored ADR will post -0.46 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. Caitong International Asset Management Co. Ltd purchased a new position in shares of Kingsoft Cloud in the 4th quarter worth $63,000. Mirae Asset Global Investments Co. Ltd. raised its position in shares of Kingsoft Cloud by 14.7% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 9,148 shares of the company’s stock worth $95,000 after buying an additional 1,170 shares during the period. Equitable Holdings Inc. purchased a new position in shares of Kingsoft Cloud in the 3rd quarter worth $150,000. Personal CFO Solutions LLC raised its position in shares of Kingsoft Cloud by 11.1% in the 3rd quarter. Personal CFO Solutions LLC now owns 12,174 shares of the company’s stock worth $182,000 after buying an additional 1,212 shares during the period. Finally, CWM LLC purchased a new position in shares of Kingsoft Cloud in the 4th quarter worth $132,000. 13.40% of the stock is owned by hedge funds and other institutional investors.

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.