Kingsoft Cloud (NASDAQ:KC) Shares Gap Up – Still a Buy?

Kingsoft Cloud Holdings Limited Sponsored ADR (NASDAQ:KC) gapped up prior to trading on Wednesday . The stock had previously closed at $9.44, but opened at $10.41. Kingsoft Cloud shares last traded at $10.3710, with a volume of 932,675 shares changing hands.

Analysts Set New Price Targets

Several analysts recently commented on KC shares. Jefferies Financial Group raised their price objective on Kingsoft Cloud from $17.00 to $19.00 and gave the stock a “buy” rating in a research note on Wednesday, March 25th. Morgan Stanley began coverage on shares of Kingsoft Cloud in a report on Tuesday. They set an “overweight” rating and a $15.00 target price for the company. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Kingsoft Cloud in a research note on Tuesday, April 21st. Five investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Kingsoft Cloud presently has an average rating of “Moderate Buy” and a consensus target price of $17.65.

Kingsoft Cloud Stock Performance

The company has a fifty day moving average of $12.52 and a two-hundred day moving average of $13.04. The firm has a market capitalization of $3.16 billion, a price-to-earnings ratio of -22.34 and a beta of 1.99. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.03 and a current ratio of 1.03.

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

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in KC. Goldman Sachs Group Inc. grew its position in Kingsoft Cloud by 9.6% in the first quarter. Goldman Sachs Group Inc. now owns 133,634 shares of the company’s stock valued at $1,919,000 after acquiring an additional 11,720 shares during the last quarter. Hsbc Holdings PLC raised its holdings in Kingsoft Cloud by 229.6% during the 2nd quarter. Hsbc Holdings PLC now owns 40,706 shares of the company’s stock worth $506,000 after purchasing an additional 28,355 shares during the last quarter. Squarepoint Ops LLC lifted its holdings in Kingsoft Cloud by 76.9% in the second quarter. Squarepoint Ops LLC now owns 90,623 shares of the company’s stock valued at $1,135,000 after buying an additional 39,393 shares during the period. Diversify Advisory Services LLC lifted its stake in shares of Kingsoft Cloud by 36.0% in the 2nd quarter. Diversify Advisory Services LLC now owns 20,812 shares of the company’s stock valued at $278,000 after purchasing an additional 5,514 shares during the period. Finally, Diversify Wealth Management LLC boosted its holdings in shares of Kingsoft Cloud by 28.5% during the 2nd quarter. Diversify Wealth Management LLC now owns 66,274 shares of the company’s stock worth $887,000 after buying an additional 14,683 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.