Kingsoft Cloud (NASDAQ:KC) Trading Down 5.2% – What’s Next?

Shares of Kingsoft Cloud Holdings Limited Sponsored ADR (NASDAQ:KC) dropped 5.2% during trading on Wednesday . The company traded as low as $13.77 and last traded at $13.8290. Approximately 199,191 shares were traded during mid-day trading, a decline of 86% from the average daily volume of 1,436,685 shares. The stock had previously closed at $14.59.

Wall Street Analyst Weigh In

KC has been the subject of a number of research analyst reports. Zacks Research lowered Kingsoft Cloud from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 9th. The Goldman Sachs Group raised Kingsoft Cloud from a “neutral” rating to a “buy” rating and set a $15.60 price target for the company in a research note on Tuesday, February 10th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Kingsoft Cloud in a research note on Tuesday, April 21st. Finally, Jefferies Financial Group raised their price objective on Kingsoft Cloud from $17.00 to $19.00 and gave the company a “buy” rating in a research report on Wednesday, March 25th. 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 stock. According to data from MarketBeat, Kingsoft Cloud presently has a consensus rating of “Moderate Buy” and an average target price of $18.53.

Kingsoft Cloud Price Performance

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 firm has a market cap of $4.12 billion, a PE ratio of -27.82 and a beta of 2.04. The firm has a 50-day simple moving average of $15.13 and a 200 day simple moving average of $13.25.

Hedge Funds Weigh In On Kingsoft Cloud

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