Kingsoft Cloud (NASDAQ:KC) Sees Strong Trading Volume – Still a Buy?

Kingsoft Cloud Holdings Limited Sponsored ADR (NASDAQ:KC) saw strong trading volume on Tuesday . 1,478,931 shares changed hands during mid-day trading, an increase of 21% from the previous session’s volume of 1,220,946 shares.The stock last traded at $14.7950 and had previously closed at $13.34.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Kingsoft Cloud in a research report on Thursday. Three analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $19.65.

Kingsoft Cloud Trading Up 9.1%

The company has a 50 day moving average of $11.62 and a 200 day moving average of $13.23. 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 has a market capitalization of $4.40 billion, a price-to-earnings ratio of -27.98 and a beta of 2.03.

Institutional Trading of Kingsoft Cloud

A number of hedge funds have recently bought and sold shares of KC. First Horizon Advisors Inc. acquired a new position in shares of Kingsoft Cloud during the 2nd quarter worth approximately $27,000. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of Kingsoft Cloud by 14.7% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 9,148 shares of the company’s stock valued at $95,000 after purchasing an additional 1,170 shares during the period. Farther Finance Advisors LLC acquired a new stake in Kingsoft Cloud during the second quarter worth about $100,000. Beverly Hills Private Wealth LLC purchased a new position in Kingsoft Cloud during the second quarter worth about $126,000. Finally, CWM LLC acquired a new position in Kingsoft Cloud in the 4th quarter valued at about $132,000. Institutional investors and hedge funds 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.