Kingsoft Cloud (NASDAQ:KC) Stock Price Down 5.3% – What’s Next?

Shares of Kingsoft Cloud Holdings Limited Sponsored ADR (NASDAQ:KC) dropped 5.3% during trading on Thursday . The company traded as low as $12.03 and last traded at $12.2850. Approximately 250,854 shares traded hands during trading, a decline of 81% from the average daily volume of 1,294,686 shares. The stock had previously closed at $12.97.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Kingsoft Cloud in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Kingsoft Cloud has an average rating of “Moderate Buy” and an average price target of $19.65.

Kingsoft Cloud Trading Down 4.5%

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 $3.74 billion, a P/E ratio of -23.83 and a beta of 2.03. The company has a fifty day simple moving average of $11.53 and a two-hundred day simple moving average of $13.23.

Institutional Investors Weigh In On Kingsoft Cloud

A number of hedge funds and other institutional investors have recently made changes to their positions in KC. Farther Finance Advisors LLC increased its holdings in Kingsoft Cloud by 13.2% during the 3rd quarter. Farther Finance Advisors LLC now owns 9,053 shares of the company’s stock worth $135,000 after purchasing an additional 1,053 shares in the last quarter. Personal CFO Solutions LLC boosted its position in shares of Kingsoft Cloud by 11.1% during the third quarter. Personal CFO Solutions LLC now owns 12,174 shares of the company’s stock worth $182,000 after buying an additional 1,212 shares during the period. Diversify Wealth Management LLC grew its holdings in shares of Kingsoft Cloud by 2.0% during the third quarter. Diversify Wealth Management LLC now owns 67,617 shares of the company’s stock worth $1,009,000 after buying an additional 1,343 shares in the last quarter. Diversify Advisory Services LLC raised its position in Kingsoft Cloud by 9.0% in the 3rd quarter. Diversify Advisory Services LLC now owns 22,686 shares of the company’s stock valued at $338,000 after buying an additional 1,874 shares during the last quarter. Finally, First Horizon Advisors Inc. bought a new stake in Kingsoft Cloud in the 2nd quarter valued at approximately $27,000. 13.40% of the stock is currently owned by institutional investors and hedge funds.

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.