Kingsoft Cloud (NASDAQ:KC) Stock Price Down 3.7% – Time to Sell?

Kingsoft Cloud Holdings Limited Sponsored ADR (NASDAQ:KC) fell 3.7% during mid-day trading on Tuesday . The company traded as low as $12.80 and last traded at $12.9390. 468,377 shares traded hands during mid-day trading, a decline of 70% from the average session volume of 1,541,819 shares. The stock had previously closed at $13.44.

Analysts Set New Price Targets

A number of brokerages recently issued reports on KC. The Goldman Sachs Group upgraded Kingsoft Cloud from a “neutral” rating to a “buy” rating and set a $15.60 target price for the company in a research note on Tuesday, February 10th. Jefferies Financial Group increased their price objective on Kingsoft Cloud from $17.00 to $19.00 and gave the company a “buy” rating in a report on Wednesday, March 25th. Zacks Research downgraded Kingsoft Cloud from a “strong-buy” rating to a “hold” rating in a report on Monday, March 9th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Kingsoft Cloud in a research report on Thursday, January 22nd. Five investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Kingsoft Cloud currently has an average rating of “Moderate Buy” and an average price target of $18.48.

Kingsoft Cloud Stock Performance

The firm has a fifty day moving average of $13.38 and a 200 day moving average of $12.96. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.17 and a quick ratio of 0.93. The stock has a market capitalization of $4.03 billion, a price-to-earnings ratio of -27.22 and a beta of 2.04.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. grew its position in shares of Kingsoft Cloud by 9.6% during the 1st 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 period. JPMorgan Chase & Co. increased its position in shares of Kingsoft Cloud by 2,541.3% in the second quarter. JPMorgan Chase & Co. now owns 1,129,120 shares of the company’s stock valued at $14,137,000 after buying an additional 1,086,372 shares in the last quarter. Hsbc Holdings PLC raised its stake in shares of 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 buying an additional 28,355 shares during the period. Squarepoint Ops LLC lifted its position in shares of Kingsoft Cloud by 76.9% during the 2nd 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 in the last quarter. Finally, Diversify Advisory Services LLC grew its stake in 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 acquiring an additional 5,514 shares during the period. 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.