Kingsoft Cloud Holdings Limited Sponsored ADR (NASDAQ:KC) Given Consensus Rating of “Moderate Buy” by Brokerages

Kingsoft Cloud Holdings Limited Sponsored ADR (NASDAQ:KC) has earned an average rating of “Moderate Buy” from the seven brokerages that are currently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, one has given a hold rating, four have issued a buy rating and one has issued a strong buy rating on the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $17.2667.

A number of research analysts have recently issued reports on KC shares. Weiss Ratings reiterated a “sell (d-)” rating on shares of Kingsoft Cloud in a research note on Wednesday, October 8th. Bank of America upgraded shares of Kingsoft Cloud from a “neutral” rating to a “buy” rating in a research note on Tuesday, September 9th. Deutsche Bank Aktiengesellschaft started coverage on shares of Kingsoft Cloud in a research note on Tuesday, September 16th. They set a “buy” rating and a $21.00 price target on the stock. Zacks Research upgraded shares of Kingsoft Cloud from a “strong sell” rating to a “hold” rating in a research note on Thursday, August 21st. Finally, Wall Street Zen upgraded shares of Kingsoft Cloud from a “sell” rating to a “hold” rating in a research note on Sunday, August 24th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. First Horizon Advisors Inc. acquired a new position in shares of Kingsoft Cloud during the second quarter worth about $27,000. Bayforest Capital Ltd acquired a new position in Kingsoft Cloud during the first quarter worth about $78,000. Farther Finance Advisors LLC acquired a new position in Kingsoft Cloud during the second quarter worth about $100,000. Atlas Capital Advisors Inc. acquired a new position in Kingsoft Cloud during the first quarter worth about $104,000. Finally, Beverly Hills Private Wealth LLC acquired a new position in Kingsoft Cloud during the second quarter worth about $126,000. 13.40% of the stock is currently owned by institutional investors and hedge funds.

Kingsoft Cloud Trading Down 0.6%

NASDAQ KC opened at $13.31 on Wednesday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.96 and a current ratio of 0.96. The firm has a market cap of $4.02 billion, a PE ratio of -11.68 and a beta of 2.14. Kingsoft Cloud has a one year low of $2.70 and a one year high of $22.26. The firm’s fifty day moving average is $14.62 and its two-hundred day moving average is $13.70.

Kingsoft Cloud Company Profile

Kingsoft Cloud Holdings Limited provides cloud services to businesses and organizations primarily in China. The company's products portfolio includes cloud products, including infrastructure as a service (IaaS) infrastructure, platform as a service (PaaS) middleware, and software as a service (SaaS) applications that primarily consist of cloud computing, network, database, big data, security, storage, and delivery solutions.