Kingsoft Cloud (NASDAQ:KC) Sets New 52-Week Low – Here’s What Happened

Kingsoft Cloud Holdings Limited Sponsored ADR (NASDAQ:KC)’s share price hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $10.15 and last traded at $10.1160, with a volume of 85770 shares traded. The stock had previously closed at $10.41.

Analysts Set New Price Targets

A number of brokerages have issued reports on KC. Jefferies Financial Group raised their price target on shares of Kingsoft Cloud from $17.00 to $19.00 and gave the stock a “buy” rating in a report on Wednesday, March 25th. Zacks Research lowered shares of Kingsoft Cloud from a “strong-buy” rating to a “hold” rating in a report on Monday, March 9th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Kingsoft Cloud in a report on Tuesday, April 21st. Four equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $18.53.

Kingsoft Cloud Price Performance

The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.37. The firm’s fifty day moving average price is $14.52 and its two-hundred day moving average price is $13.27. The stock has a market capitalization of $2.98 billion, a PE ratio of -20.97 and a beta of 1.94.

Kingsoft Cloud (NASDAQ:KC) last released its quarterly earnings data on Friday, May 15th. The company reported ($0.17) earnings per share for the quarter. Kingsoft Cloud had a negative net margin of 9.38% and a negative return on equity of 11.67%. The company had revenue of $392.15 million for the quarter. On average, equities analysts predict that Kingsoft Cloud Holdings Limited Sponsored ADR will post -0.46 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Vident Advisory LLC increased its holdings in Kingsoft Cloud by 1.8% during the fourth quarter. Vident Advisory LLC now owns 51,953 shares of the company’s stock valued at $537,000 after buying an additional 898 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its holdings in Kingsoft Cloud by 14.7% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 9,148 shares of the company’s stock valued at $95,000 after buying an additional 1,170 shares during the last quarter. Personal CFO Solutions LLC increased its holdings in Kingsoft Cloud by 11.1% during the third quarter. Personal CFO Solutions LLC now owns 12,174 shares of the company’s stock valued at $182,000 after buying an additional 1,212 shares during the last quarter. Diversify Wealth Management LLC increased its holdings in Kingsoft Cloud by 2.0% during the third quarter. Diversify Wealth Management LLC now owns 67,617 shares of the company’s stock valued at $1,009,000 after buying an additional 1,343 shares during the last quarter. Finally, Diversify Advisory Services LLC increased its holdings in Kingsoft Cloud by 9.0% during the third 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. 13.40% of the stock is owned by hedge funds and other institutional investors.

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.