Kingsoft Cloud (NASDAQ:KC) Shares Gap Up – Here’s What Happened

Kingsoft Cloud Holdings Limited Sponsored ADR (NASDAQ:KC)’s stock price 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 traded.

Wall Street Analyst Weigh In

KC has been the topic of several analyst reports. Weiss Ratings restated a “sell (d-)” rating on shares of Kingsoft Cloud in a research note on Tuesday, April 21st. Jefferies Financial Group lifted their price objective 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, Morgan Stanley started coverage on shares of Kingsoft Cloud in a report on Tuesday. They issued an “overweight” rating and a $15.00 price objective for the company. Five research 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. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $17.65.

Kingsoft Cloud Stock Up 10.6%

The firm has a 50-day moving average price of $12.52 and a two-hundred day moving average price of $13.04. The company has a market capitalization of $3.16 billion, a P/E ratio of -22.34 and a beta of 1.99. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.37.

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Caitong International Asset Management Co. Ltd bought a new position in shares of Kingsoft Cloud during the 4th quarter worth about $63,000. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of Kingsoft Cloud by 14.7% during the fourth 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. Equitable Holdings Inc. acquired a new stake in Kingsoft Cloud in the 3rd quarter valued at about $150,000. CWM LLC acquired a new stake in shares of Kingsoft Cloud in the fourth quarter valued at approximately $132,000. Finally, Nomura Holdings Inc. acquired a new stake in shares of Kingsoft Cloud in the 2nd quarter valued at $175,000. 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.