Kingsoft Cloud (NASDAQ:KC) Shares Gap Down – What’s Next?

Kingsoft Cloud Holdings Limited Sponsored ADR (NASDAQ:KC)’s stock price gapped down prior to trading on Tuesday . The stock had previously closed at $10.39, but opened at $9.81. Kingsoft Cloud shares last traded at $9.83, with a volume of 296,806 shares changing hands.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Jefferies Financial Group raised their price target on Kingsoft Cloud from $17.00 to $19.00 and gave the company a “buy” rating in a report on Wednesday, March 25th. Weiss Ratings restated 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 note on Tuesday, July 7th. They issued an “overweight” rating and a $15.00 price target for the company. Five investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Kingsoft Cloud currently has a consensus rating of “Moderate Buy” and a consensus target price of $17.65.

Kingsoft Cloud Price Performance

The stock’s fifty day moving average price is $12.13 and its 200-day moving average price is $13.03. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.03 and a quick ratio of 1.03. The firm has a market cap of $2.97 billion, a price-to-earnings ratio of -20.94 and a beta of 1.99.

Kingsoft Cloud (NASDAQ:KC) last issued its quarterly earnings results on Friday, May 15th. The company reported ($0.17) EPS for the quarter. Kingsoft Cloud had a negative net margin of 9.38% and a negative return on equity of 11.67%. The firm had revenue of $392.15 million during the quarter. Equities research analysts predict that Kingsoft Cloud Holdings Limited Sponsored ADR will post -0.45 EPS for the current fiscal year.

Institutional Trading of Kingsoft Cloud

Several hedge funds and other institutional investors have recently modified their holdings of the business. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Kingsoft Cloud in the fourth quarter worth $63,000. Mirae Asset Global Investments Co. Ltd. lifted 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 acquiring an additional 1,170 shares in the last quarter. Equitable Holdings Inc. acquired a new stake in Kingsoft Cloud during the 3rd quarter worth about $150,000. CWM LLC purchased a new position in Kingsoft Cloud during the 4th quarter valued at about $132,000. Finally, Nomura Holdings Inc. purchased a new position in Kingsoft Cloud during the 2nd quarter valued at about $175,000. Institutional investors and hedge funds own 13.40% of the company’s stock.

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.