Kingsoft Cloud (NASDAQ:KC) Shares Gap Up – Should You Buy?

Kingsoft Cloud Holdings Limited Sponsored ADR (NASDAQ:KC)’s share price gapped up before the market opened on Wednesday . The stock had previously closed at $13.12, but opened at $14.42. Kingsoft Cloud shares last traded at $14.2830, with a volume of 1,735,392 shares.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on KC. Zacks Research upgraded Kingsoft Cloud from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 27th. The Goldman Sachs Group upgraded Kingsoft Cloud from a “neutral” rating to a “buy” rating and set a $15.60 price objective on the stock in a research note on Tuesday. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Kingsoft Cloud in a report on Thursday, January 22nd. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $18.30.

Kingsoft Cloud Stock Up 10.3%

The firm has a market cap of $4.37 billion, a P/E ratio of -27.88 and a beta of 2.07. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.93 and a current ratio of 0.93. The stock’s 50 day simple moving average is $11.86 and its 200 day simple moving average is $13.12.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in KC. Artisan Partners Limited Partnership bought a new stake in shares of Kingsoft Cloud during the 3rd quarter worth $51,504,000. JPMorgan Chase & Co. lifted its holdings in Kingsoft Cloud by 2,541.3% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,129,120 shares of the company’s stock worth $14,137,000 after buying an additional 1,086,372 shares during the period. Penserra Capital Management LLC boosted its holdings in Kingsoft Cloud by 32.8% in the third quarter. Penserra Capital Management LLC now owns 631,442 shares of the company’s stock valued at $9,421,000 after acquiring an additional 155,788 shares in the last quarter. Maxi Investments CY Ltd bought a new stake in shares of Kingsoft Cloud during the 4th quarter valued at about $5,980,000. Finally, LMR Partners LLP grew its holdings in shares of Kingsoft Cloud by 1,114.5% during the 2nd quarter. LMR Partners LLP now owns 518,200 shares of the company’s stock worth $6,488,000 after acquiring an additional 475,533 shares during the period. Hedge funds and other institutional investors 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.