Kingsoft Cloud (NASDAQ:KC) Shares Gap Up – Should You Buy?

Kingsoft Cloud Holdings Limited Sponsored ADR (NASDAQ:KC)’s stock price gapped up prior to trading on Tuesday . The stock had previously closed at $11.37, but opened at $12.16. Kingsoft Cloud shares last traded at $11.89, with a volume of 298,133 shares.

Analyst Upgrades and Downgrades

KC has been the subject of several analyst reports. Weiss Ratings restated a “sell (d-)” rating on shares of Kingsoft Cloud in a research note on Tuesday, April 21st. Jefferies Financial Group upped their price objective on Kingsoft Cloud from $17.00 to $19.00 and gave the stock a “buy” rating in a research note on Wednesday, March 25th. 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 note on Tuesday, February 10th. Finally, Zacks Research downgraded shares of Kingsoft Cloud from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 9th. Four investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Kingsoft Cloud has an average rating of “Moderate Buy” and a consensus target price of $18.53.

Kingsoft Cloud Stock Down 0.2%

The stock has a market capitalization of $3.43 billion, a P/E ratio of -24.06 and a beta of 1.94. The company’s 50-day moving average price is $14.89 and its 200 day moving average price is $13.34. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.03 and a current ratio of 1.03.

Kingsoft Cloud (NASDAQ:KC) last announced its quarterly earnings data on Friday, May 15th. The company reported ($0.17) EPS for the quarter. The firm had revenue of $392.15 million for the quarter. Kingsoft Cloud had a negative net margin of 9.38% and a negative return on equity of 11.67%. As a group, equities analysts expect that Kingsoft Cloud Holdings Limited Sponsored ADR will post -0.47 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Artisan Partners Limited Partnership grew its position in shares of Kingsoft Cloud by 16.4% during the fourth quarter. Artisan Partners Limited Partnership now owns 4,016,945 shares of the company’s stock valued at $41,535,000 after purchasing an additional 564,907 shares in the last quarter. The Manufacturers Life Insurance Company purchased a new position in shares of Kingsoft Cloud during the first quarter valued at about $9,456,000. Defiance ETFs LLC purchased a new position in shares of Kingsoft Cloud during the fourth quarter valued at about $6,463,000. Maxi Investments CY Ltd purchased a new position in shares of Kingsoft Cloud during the fourth quarter valued at about $5,980,000. Finally, LMR Partners LLP grew its position in shares of Kingsoft Cloud by 1,114.5% during the second quarter. LMR Partners LLP now owns 518,200 shares of the company’s stock valued at $6,488,000 after purchasing an additional 475,533 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.