Kingsoft Cloud (NASDAQ:KC) Trading Up 7.4% – Still a Buy?

Kingsoft Cloud Holdings Limited Sponsored ADR (NASDAQ:KCGet Free Report)’s stock price traded up 7.4% during mid-day trading on Friday . The stock traded as high as $11.20 and last traded at $10.8920. Approximately 394,211 shares traded hands during mid-day trading, a decline of 73% from the average session volume of 1,453,482 shares. The stock had previously closed at $10.14.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Jefferies Financial Group reiterated a “buy” rating and issued a $17.00 price objective on shares of Kingsoft Cloud in a report on Thursday, July 16th. Weiss Ratings restated a “sell (d-)” rating on shares of Kingsoft Cloud in a report on Friday, July 17th. Finally, Morgan Stanley started coverage on Kingsoft Cloud in a research report on Tuesday, July 7th. They set an “overweight” rating and a $15.00 target price for the company. Five investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Kingsoft Cloud currently has an average rating of “Moderate Buy” and an average price target of $17.15.

Get Our Latest Report on Kingsoft Cloud

Kingsoft Cloud Trading Up 9.0%

The business has a 50 day simple moving average of $10.64 and a 200-day simple moving average of $12.95. The stock has a market capitalization of $3.34 billion, a price-to-earnings ratio of -23.52 and a beta of 1.99. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.03 and a quick ratio of 1.03.

Kingsoft Cloud (NASDAQ:KCGet Free Report) last released its quarterly earnings results on Friday, May 15th. The company reported ($0.17) EPS for the quarter. Kingsoft Cloud had a negative return on equity of 11.67% and a negative net margin of 9.38%.The business had revenue of $392.15 million for the quarter. As a group, equities analysts expect that Kingsoft Cloud Holdings Limited Sponsored ADR will post -0.45 earnings per share for the current year.

Insider Buying and Selling

In other Kingsoft Cloud news, CEO Tao Zou sold 300,000 shares of the firm’s stock in a transaction that occurred on Friday, July 17th. The shares were sold at an average price of $0.64, for a total transaction of $192,000.00. Following the sale, the chief executive officer directly owned 1,700,000 shares in the company, valued at approximately $1,088,000. This trade represents a 15.00% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 14.20% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Caitong International Asset Management Co. Ltd bought a new stake in shares of Kingsoft Cloud during the fourth quarter worth $63,000. Mirae Asset Global Investments Co. Ltd. lifted its position in 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 valued at $95,000 after acquiring an additional 1,170 shares in the last quarter. CWM LLC bought a new stake in Kingsoft Cloud in the 4th quarter valued at $132,000. Equitable Holdings Inc. acquired a new position in Kingsoft Cloud in the 3rd quarter worth $150,000. Finally, Nomura Holdings Inc. acquired a new position in Kingsoft Cloud in the 2nd quarter worth $175,000. Institutional investors and hedge funds own 13.40% of the company’s stock.

About Kingsoft Cloud

(Get Free Report)

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.

Further Reading

Receive News & Ratings for Kingsoft Cloud Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kingsoft Cloud and related companies with MarketBeat.com's FREE daily email newsletter.