Kingsoft Cloud (NASDAQ:KC) Shares Gap Down – Here’s Why

Kingsoft Cloud Holdings Limited Sponsored ADR (NASDAQ:KC) gapped down before the market opened on Thursday . The stock had previously closed at $9.24, but opened at $8.79. Kingsoft Cloud shares last traded at $8.6530, with a volume of 320,584 shares traded.

Analyst Ratings Changes

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

Kingsoft Cloud Stock Performance

The company has a debt-to-equity ratio of 0.37, a current ratio of 1.03 and a quick ratio of 1.03. The stock’s 50-day simple moving average is $14.01 and its 200 day simple moving average is $13.20. The stock has a market capitalization of $2.62 billion, a P/E ratio of -18.45 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) EPS for the quarter. The company had revenue of $392.15 million during the quarter. Kingsoft Cloud had a negative net margin of 9.38% and a negative return on equity of 11.67%. Research analysts expect that Kingsoft Cloud Holdings Limited Sponsored ADR will post -0.46 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Vident Advisory LLC boosted its holdings in shares of Kingsoft Cloud by 1.8% during the fourth quarter. Vident Advisory LLC now owns 51,953 shares of the company’s stock worth $537,000 after acquiring an additional 898 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its holdings 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 purchasing an additional 1,170 shares during the last quarter. Diversify Wealth Management LLC lifted its holdings in Kingsoft Cloud by 2.0% during the 3rd quarter. Diversify Wealth Management LLC now owns 67,617 shares of the company’s stock worth $1,009,000 after purchasing an additional 1,343 shares during the last quarter. Diversify Advisory Services LLC boosted its stake in Kingsoft Cloud by 9.0% in the 3rd quarter. Diversify Advisory Services LLC now owns 22,686 shares of the company’s stock valued at $338,000 after purchasing an additional 1,874 shares during the period. Finally, Cetera Investment Advisers grew its holdings in Kingsoft Cloud by 11.7% in the 1st quarter. Cetera Investment Advisers now owns 33,049 shares of the company’s stock valued at $442,000 after buying an additional 3,449 shares in the last quarter. 13.40% of the stock is owned by institutional investors.

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.