Kingsoft Cloud Holdings Limited Sponsored ADR (NASDAQ:KC – Get Free Report)’s share price dropped 5.6% during trading on Friday . The stock traded as low as $9.29 and last traded at $9.50. 476,545 shares changed hands during trading, a decline of 68% from the average daily volume of 1,486,370 shares. The stock had previously closed at $10.06.
Wall Street Analyst Weigh In
A number of equities research analysts have weighed in on KC shares. Jefferies Financial Group reiterated a “buy” rating and issued a $17.00 target price on shares of Kingsoft Cloud in a report on Thursday. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Kingsoft Cloud in a research report on Tuesday, April 21st. Finally, Morgan Stanley started coverage on shares of Kingsoft Cloud in a research report on Tuesday, July 7th. They set an “overweight” rating and a $15.00 target price on the stock. Five equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $17.15.
Read Our Latest Research Report on Kingsoft Cloud
Kingsoft Cloud Price Performance
Kingsoft Cloud (NASDAQ:KC – Get Free Report) last announced its quarterly earnings results on Friday, May 15th. The company reported ($0.17) earnings per share (EPS) 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, sell-side analysts predict that Kingsoft Cloud Holdings Limited Sponsored ADR will post -0.45 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Hedge funds have recently made changes to their positions in the business. Caitong International Asset Management Co. Ltd bought a new stake in Kingsoft Cloud during the 4th quarter worth approximately $63,000. Mirae Asset Global Investments Co. Ltd. grew its holdings in Kingsoft Cloud by 14.7% during the fourth 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 in the last quarter. Equitable Holdings Inc. bought a new stake in Kingsoft Cloud during the third quarter worth $150,000. CWM LLC purchased a new stake in Kingsoft Cloud in the 4th quarter valued at $132,000. Finally, Nomura Holdings Inc. purchased a new stake in Kingsoft Cloud in the 2nd quarter valued at $175,000. 13.40% of the stock is currently owned by institutional investors and hedge funds.
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.
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