Kingsoft Cloud (NASDAQ:KC) Shares Gap Up – Here’s What Happened

Kingsoft Cloud Holdings Limited Sponsored ADR (NASDAQ:KC)’s stock price gapped up prior to trading on Monday . The stock had previously closed at $9.47, but opened at $10.01. Kingsoft Cloud shares last traded at $9.91, with a volume of 162,822 shares traded.

Wall Street Analyst Weigh In

A number of research firms have weighed in on KC. Weiss Ratings reissued a “sell (d-)” rating on shares of Kingsoft Cloud in a research note on Friday, July 17th. Jefferies Financial Group restated a “buy” rating and issued a $17.00 price target on shares of Kingsoft Cloud in a research report on Thursday, July 16th. Finally, Morgan Stanley started coverage on Kingsoft Cloud in a report on Tuesday, July 7th. They issued an “overweight” rating and a $15.00 price target for the company. Five investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $17.15.

Kingsoft Cloud Stock 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 has a 50-day moving average price of $10.98 and a 200 day moving average price of $12.98. The firm has a market capitalization of $2.98 billion, a PE ratio of -20.97 and a beta of 1.99.

Kingsoft Cloud (NASDAQ:KC) last announced its earnings results on Friday, May 15th. The company reported ($0.17) earnings per share for the quarter. Kingsoft Cloud had a negative return on equity of 11.67% and a negative net margin of 9.38%.The business had revenue of $392.15 million for the quarter. Research analysts expect that Kingsoft Cloud Holdings Limited Sponsored ADR will post -0.45 earnings per share for the current year.

Institutional Investors Weigh In On Kingsoft Cloud

Institutional investors have recently added to or reduced their stakes in the business. Vident Advisory LLC boosted its holdings in shares of Kingsoft Cloud by 1.8% in the 4th quarter. Vident Advisory LLC now owns 51,953 shares of the company’s stock valued at $537,000 after buying an additional 898 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its stake in Kingsoft Cloud by 14.7% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 9,148 shares of the company’s stock worth $95,000 after acquiring an additional 1,170 shares in the last quarter. Diversify Advisory Services LLC raised its stake in Kingsoft Cloud by 9.0% during the 3rd quarter. Diversify Advisory Services LLC now owns 22,686 shares of the company’s stock worth $338,000 after acquiring an additional 1,874 shares in the last quarter. Cetera Investment Advisers lifted its position in Kingsoft Cloud by 11.7% in the first quarter. Cetera Investment Advisers now owns 33,049 shares of the company’s stock valued at $442,000 after acquiring an additional 3,449 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC lifted its position in Kingsoft Cloud by 10.2% in the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 41,805 shares of the company’s stock valued at $432,000 after acquiring an additional 3,862 shares during the last quarter. Hedge funds and other 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.