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

Kingsoft Cloud Holdings Limited Sponsored ADR (NASDAQ:KC)’s stock price gapped down before the market opened on Thursday . The stock had previously closed at $13.96, but opened at $13.37. Kingsoft Cloud shares last traded at $13.1270, with a volume of 148,583 shares traded.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Jefferies Financial Group upped their target price on Kingsoft Cloud from $17.00 to $19.00 and gave the stock a “buy” rating in a research report on Wednesday, March 25th. Zacks Research downgraded Kingsoft Cloud from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 9th. The Goldman Sachs Group raised Kingsoft Cloud from a “neutral” rating to a “buy” rating and set a $15.60 target price for the company in a research report on Tuesday, February 10th. Finally, Weiss Ratings reaffirmed 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 given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $18.53.

Kingsoft Cloud Price Performance

The company has a 50-day moving average price of $15.14 and a two-hundred day moving average price of $13.24. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.17 and a quick ratio of 1.17. The company has a market cap of $4.11 billion, a PE ratio of -27.58 and a beta of 2.04.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Vident Advisory LLC boosted its holdings in Kingsoft Cloud by 1.8% in the fourth quarter. Vident Advisory LLC now owns 51,953 shares of the company’s stock valued at $537,000 after purchasing an additional 898 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its holdings in Kingsoft Cloud by 14.7% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 9,148 shares of the company’s stock valued at $95,000 after purchasing an additional 1,170 shares during the last quarter. Personal CFO Solutions LLC boosted its holdings in Kingsoft Cloud by 11.1% in the third quarter. Personal CFO Solutions LLC now owns 12,174 shares of the company’s stock valued at $182,000 after purchasing an additional 1,212 shares during the last quarter. Diversify Wealth Management LLC boosted its holdings in Kingsoft Cloud by 2.0% in the third quarter. Diversify Wealth Management LLC now owns 67,617 shares of the company’s stock valued at $1,009,000 after purchasing an additional 1,343 shares during the last quarter. Finally, Diversify Advisory Services LLC boosted its holdings in Kingsoft Cloud by 9.0% in the third 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 last quarter. Hedge funds and other institutional investors own 13.40% of the company’s stock.

Kingsoft Cloud Company Profile

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.