Kingsoft Cloud (NASDAQ:KC) Shares Gap Up – Time to Buy?

Shares of Kingsoft Cloud Holdings Limited Sponsored ADR (NASDAQ:KC) gapped up before the market opened on Monday . The stock had previously closed at $11.02, but opened at $12.75. Kingsoft Cloud shares last traded at $13.11, with a volume of 857,831 shares.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on KC. Weiss Ratings reissued a “sell (d-)” rating on shares of Kingsoft Cloud in a report on Wednesday, October 8th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Kingsoft Cloud in a research report on Tuesday, September 16th. They set a “buy” rating and a $21.00 price target on the stock. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $19.65.

Kingsoft Cloud Price Performance

The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.39. The company has a market capitalization of $4.06 billion, a PE ratio of -25.86 and a beta of 2.03. The stock’s 50-day moving average is $11.48 and its two-hundred day moving average is $13.22.

Hedge Funds Weigh In On Kingsoft Cloud

Hedge funds have recently bought and sold shares of the business. Farther Finance Advisors LLC bought a new stake in Kingsoft Cloud during the 2nd quarter valued at about $100,000. ABC Arbitrage SA grew its stake in Kingsoft Cloud by 49.0% in the 2nd quarter. ABC Arbitrage SA now owns 134,331 shares of the company’s stock worth $1,682,000 after acquiring an additional 44,206 shares in the last quarter. Vise Technologies Inc. purchased a new position in shares of Kingsoft Cloud during the second quarter worth approximately $264,000. Penserra Capital Management LLC bought a new stake in shares of Kingsoft Cloud during the second quarter valued at approximately $5,955,000. Finally, Infini Capital Management Ltd purchased a new stake in shares of Kingsoft Cloud in the second quarter valued at approximately $2,259,000. Institutional investors 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.