Kingsoft Cloud (NASDAQ:KC) Trading Down 5.2% – What’s Next?

Kingsoft Cloud Holdings Limited Sponsored ADR (NASDAQ:KCGet Free Report) shares traded down 5.2% during trading on Wednesday . The company traded as low as $13.77 and last traded at $13.8290. 199,191 shares were traded during trading, a decline of 86% from the average session volume of 1,436,685 shares. The stock had previously closed at $14.59.

Analyst Ratings Changes

A number of research analysts have commented on the company. Jefferies Financial Group boosted their price objective on Kingsoft Cloud from $17.00 to $19.00 and gave the stock a “buy” rating in a research note on Wednesday, March 25th. Weiss Ratings restated a “sell (d-)” rating on shares of Kingsoft Cloud in a research note on Tuesday, April 21st. Zacks Research cut Kingsoft Cloud from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 9th. Finally, 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, February 10th. Four research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Kingsoft Cloud has an average rating of “Moderate Buy” and an average target price of $18.53.

Read Our Latest Research Report on Kingsoft Cloud

Kingsoft Cloud Stock Performance

The company has a debt-to-equity ratio of 0.32, a current ratio of 1.17 and a quick ratio of 1.17. The stock has a market capitalization of $4.21 billion, a P/E ratio of -28.45 and a beta of 2.04. The company has a fifty day moving average of $15.15 and a two-hundred day moving average of $13.23.

Institutional Trading of Kingsoft Cloud

Institutional investors and hedge funds have recently made changes to their positions in the stock. Artisan Partners Limited Partnership boosted its stake in Kingsoft Cloud by 16.4% during the 4th quarter. Artisan Partners Limited Partnership now owns 4,016,945 shares of the company’s stock valued at $41,535,000 after purchasing an additional 564,907 shares in the last quarter. The Manufacturers Life Insurance Company bought a new stake in shares of Kingsoft Cloud during the 1st quarter worth $9,456,000. Penserra Capital Management LLC boosted its stake in shares of Kingsoft Cloud by 32.8% during the 3rd quarter. Penserra Capital Management LLC now owns 631,442 shares of the company’s stock worth $9,421,000 after acquiring an additional 155,788 shares in the last quarter. Defiance ETFs LLC bought a new stake in shares of Kingsoft Cloud during the 4th quarter worth $6,463,000. Finally, Maxi Investments CY Ltd bought a new stake in shares of Kingsoft Cloud during the 4th quarter worth $5,980,000. 13.40% of the stock is currently owned by institutional investors and hedge funds.

Kingsoft Cloud Company Profile

(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

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