Kingsoft Cloud (NASDAQ:KC) Stock Price Up 18% – Should You Buy?

Shares of Kingsoft Cloud Holdings Limited Sponsored ADR (NASDAQ:KC) rose 18% on Wednesday . The stock traded as high as $17.28 and last traded at $18.0630. Approximately 589,801 shares changed hands during mid-day trading, a decline of 58% from the average daily volume of 1,406,607 shares. The stock had previously closed at $15.31.

Wall Street Analyst Weigh In

A number of analysts recently commented on KC shares. Jefferies Financial Group upped their price objective on Kingsoft Cloud from $17.00 to $19.00 and gave the company a “buy” rating in a research report on Wednesday, March 25th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Kingsoft Cloud in a research report on Tuesday, April 21st. Zacks Research cut Kingsoft Cloud from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 9th. Finally, The Goldman Sachs Group upgraded Kingsoft Cloud from a “neutral” rating to a “buy” rating and set a $15.60 price objective for the company in a research report on Tuesday, February 10th. Four research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Kingsoft Cloud presently has an average rating of “Moderate Buy” and an average price target of $18.53.

Kingsoft Cloud Stock Performance

The company has a debt-to-equity ratio of 0.32, a current ratio of 1.17 and a quick ratio of 1.17. The business has a 50-day simple moving average of $14.97 and a 200 day simple moving average of $13.20. The firm has a market cap of $5.12 billion, a PE ratio of -34.57 and a beta of 2.04.

Institutional Trading of Kingsoft Cloud

A number of hedge funds and other institutional investors have recently bought and sold shares of KC. Goldman Sachs Group Inc. boosted its stake in shares of Kingsoft Cloud by 9.6% in the first quarter. Goldman Sachs Group Inc. now owns 133,634 shares of the company’s stock worth $1,919,000 after acquiring an additional 11,720 shares during the period. Hsbc Holdings PLC lifted its position in shares of Kingsoft Cloud by 229.6% in the second quarter. Hsbc Holdings PLC now owns 40,706 shares of the company’s stock worth $506,000 after buying an additional 28,355 shares in the last quarter. Squarepoint Ops LLC lifted its position in shares of Kingsoft Cloud by 76.9% in the second quarter. Squarepoint Ops LLC now owns 90,623 shares of the company’s stock worth $1,135,000 after buying an additional 39,393 shares in the last quarter. Diversify Advisory Services LLC lifted its position in shares of Kingsoft Cloud by 36.0% in the second quarter. Diversify Advisory Services LLC now owns 20,812 shares of the company’s stock worth $278,000 after buying an additional 5,514 shares in the last quarter. Finally, Diversify Wealth Management LLC lifted its position in shares of Kingsoft Cloud by 28.5% in the second quarter. Diversify Wealth Management LLC now owns 66,274 shares of the company’s stock worth $887,000 after buying an additional 14,683 shares in the last quarter. Hedge funds and other institutional investors 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.