Kingsoft Cloud (NASDAQ:KC) Trading 5.9% Higher – Here’s Why

Kingsoft Cloud Holdings Limited Sponsored ADR (NASDAQ:KCGet Free Report)’s share price was up 5.9% on Monday . The company traded as high as $10.20 and last traded at $10.1050. Approximately 116,984 shares changed hands during trading, a decline of 92% from the average daily volume of 1,486,169 shares. The stock had previously closed at $9.54.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Kingsoft Cloud in a research report on Tuesday, April 21st. Jefferies Financial Group reiterated a “buy” rating and set a $17.00 price target on shares of Kingsoft Cloud in a report on Thursday. Finally, Morgan Stanley began coverage on shares of Kingsoft Cloud in a research note on Tuesday, July 7th. They issued an “overweight” rating and a $15.00 target price for the company. Five analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $17.15.

Check Out Our Latest Research Report on KC

Kingsoft Cloud Stock Up 7.5%

The business’s fifty day moving average price is $11.64 and its 200 day moving average price is $13.01. The company has a market capitalization of $3.10 billion, a P/E ratio of -21.83 and a beta of 1.99. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.37.

Kingsoft Cloud (NASDAQ:KCGet Free Report) last posted its earnings results on Friday, May 15th. The company reported ($0.17) earnings per share 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%. As a group, equities research analysts predict that Kingsoft Cloud Holdings Limited Sponsored ADR will post -0.45 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Kingsoft Cloud

Hedge funds and other institutional investors have recently modified their holdings of the stock. Maxi Investments CY Ltd acquired a new stake in shares of Kingsoft Cloud during the 4th quarter worth about $5,980,000. Matthews International Capital Management LLC acquired a new stake in shares of Kingsoft Cloud during the first quarter worth approximately $2,944,000. XY Capital Ltd raised its stake in shares of Kingsoft Cloud by 1,255.9% in the fourth quarter. XY Capital Ltd now owns 149,275 shares of the company’s stock valued at $1,544,000 after acquiring an additional 138,266 shares during the last quarter. Fideuram Asset Management Ireland dac bought a new position in shares of Kingsoft Cloud in the fourth quarter valued at approximately $526,000. Finally, Cetera Investment Advisers boosted its holdings in shares of Kingsoft Cloud by 11.7% in the 1st quarter. Cetera Investment Advisers now owns 33,049 shares of the company’s stock worth $442,000 after acquiring an additional 3,449 shares in the last quarter. Institutional investors own 13.40% of the company’s stock.

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.

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