Kingsoft Cloud (NASDAQ:KC) Stock Price Up 6.5% – Here’s Why

Kingsoft Cloud Holdings Limited Sponsored ADR (NASDAQ:KC)’s stock price was up 6.5% on Tuesday . The stock traded as high as $9.95 and last traded at $9.7210. 491,873 shares traded hands during mid-day trading, a decline of 66% from the average session volume of 1,456,249 shares. The stock had previously closed at $9.13.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on KC. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Kingsoft Cloud in a report on Tuesday, April 21st. Zacks Research cut shares of Kingsoft Cloud from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 9th. Jefferies Financial Group upped their price target on shares of Kingsoft Cloud from $17.00 to $19.00 and gave the company a “buy” rating in a report on Wednesday, March 25th. Finally, Morgan Stanley started coverage on shares of Kingsoft Cloud in a research report on Tuesday. They set an “overweight” rating and a $15.00 price objective for the company. Five research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Kingsoft Cloud has a consensus rating of “Moderate Buy” and an average target price of $17.65.

Kingsoft Cloud Price Performance

The company has a market cap of $2.88 billion, a price-to-earnings ratio of -20.35 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. The business has a 50-day moving average price of $12.66 and a 200 day moving average price of $13.05.

Kingsoft Cloud (NASDAQ:KC) last issued its 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 company had revenue of $392.15 million during the quarter. As a group, research analysts expect that Kingsoft Cloud Holdings Limited Sponsored ADR will post -0.46 earnings per share for the current fiscal year.

Institutional Trading of Kingsoft Cloud

A number of hedge funds have recently bought and sold shares of KC. Vident Advisory LLC increased its position in shares of Kingsoft Cloud by 1.8% in the fourth quarter. Vident Advisory LLC now owns 51,953 shares of the company’s stock worth $537,000 after acquiring an additional 898 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake in Kingsoft Cloud by 14.7% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 9,148 shares of the company’s stock worth $95,000 after purchasing an additional 1,170 shares during the period. Diversify Advisory Services LLC grew its position in Kingsoft Cloud by 9.0% during the 3rd quarter. Diversify Advisory Services LLC now owns 22,686 shares of the company’s stock worth $338,000 after purchasing an additional 1,874 shares in the last quarter. Cetera Investment Advisers grew its position in Kingsoft Cloud by 11.7% during the 1st quarter. Cetera Investment Advisers now owns 33,049 shares of the company’s stock worth $442,000 after purchasing an additional 3,449 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC raised its stake in Kingsoft Cloud by 10.2% during the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 41,805 shares of the company’s stock valued at $432,000 after purchasing an additional 3,862 shares during the period. 13.40% of the stock is owned by hedge funds and other 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.