Kingsoft Cloud (NASDAQ:KC) Shares Gap Up – Time to Buy?

Kingsoft Cloud Holdings Limited Sponsored ADR (NASDAQ:KC)’s stock price gapped up before the market opened on Monday . The stock had previously closed at $11.99, but opened at $13.80. Kingsoft Cloud shares last traded at $13.71, with a volume of 1,226,106 shares traded.

Analyst Upgrades and Downgrades

A number of research firms recently commented on KC. Zacks Research raised Kingsoft Cloud from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 27th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Kingsoft Cloud in a report on Thursday, January 22nd. Finally, The Goldman Sachs Group raised shares of Kingsoft Cloud from a “neutral” rating to a “buy” rating and set a $15.60 target price on the stock in a report on Tuesday, February 10th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Kingsoft Cloud has a consensus rating of “Moderate Buy” and a consensus price target of $18.30.

Kingsoft Cloud Stock Up 18.3%

The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.39. The stock has a market capitalization of $4.28 billion, a P/E ratio of -27.27 and a beta of 2.04. The company has a fifty day moving average price of $12.59 and a 200-day moving average price of $13.04.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Artisan Partners Limited Partnership purchased a new position in shares of Kingsoft Cloud in the third quarter valued at $51,504,000. JPMorgan Chase & Co. raised its stake in Kingsoft Cloud by 2,541.3% during the second quarter. JPMorgan Chase & Co. now owns 1,129,120 shares of the company’s stock valued at $14,137,000 after purchasing an additional 1,086,372 shares in the last quarter. Defiance ETFs LLC bought a new position in Kingsoft Cloud during the fourth quarter valued at $6,463,000. Maxi Investments CY Ltd purchased a new position in shares of Kingsoft Cloud in the 4th quarter worth $5,980,000. Finally, Penserra Capital Management LLC purchased a new stake in shares of Kingsoft Cloud during the 2nd quarter valued at about $5,955,000. 13.40% of the stock is currently owned by institutional investors.

About Kingsoft Cloud

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.