Kingsoft Cloud (NASDAQ:KC) Shares Gap Up – What’s Next?

Kingsoft Cloud Holdings Limited Sponsored ADR (NASDAQ:KC) 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 Ratings Changes

Several research analysts have recently issued reports on KC shares. Jefferies Financial Group upped their target price on shares of 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 raised Kingsoft Cloud from a “neutral” rating to a “buy” rating and set a $15.60 price objective on the stock in a research report on Tuesday, February 10th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Kingsoft Cloud in a research report on Tuesday, April 21st. Finally, Zacks Research cut Kingsoft Cloud from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 9th. Four analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Kingsoft Cloud has an average rating of “Moderate Buy” and a consensus price target of $18.53.

Kingsoft Cloud Trading Down 0.2%

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

Kingsoft Cloud (NASDAQ:KC) last issued its quarterly earnings data on Friday, May 15th. The company reported ($0.17) earnings per share for the quarter. The company 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 research analysts predict that Kingsoft Cloud Holdings Limited Sponsored ADR will post -0.47 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Artisan Partners Limited Partnership lifted its position in 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 during the period. The Manufacturers Life Insurance Company bought a new position in Kingsoft Cloud in the first quarter worth approximately $9,456,000. Defiance ETFs LLC bought a new position in Kingsoft Cloud in the fourth quarter worth approximately $6,463,000. Maxi Investments CY Ltd bought a new position in Kingsoft Cloud in the fourth quarter worth approximately $5,980,000. Finally, LMR Partners LLP raised its position in Kingsoft Cloud by 1,114.5% in the second quarter. LMR Partners LLP now owns 518,200 shares of the company’s stock worth $6,488,000 after acquiring an additional 475,533 shares during the period. 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.