Kingsoft Cloud (NASDAQ:KC) Shares Gap Down – Here’s Why

Shares of Kingsoft Cloud Holdings Limited Sponsored ADR (NASDAQ:KC) gapped down before the market opened on Thursday . The stock had previously closed at $9.24, but opened at $8.79. Kingsoft Cloud shares last traded at $8.6530, with a volume of 320,584 shares.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Weiss Ratings reiterated a “sell (d-)” rating on shares of Kingsoft Cloud in a report on Tuesday, April 21st. Jefferies Financial Group raised their price objective on shares of Kingsoft Cloud from $17.00 to $19.00 and gave the stock a “buy” rating in a report on Wednesday, March 25th. Finally, Zacks Research lowered shares of Kingsoft Cloud from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 9th. Four analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Kingsoft Cloud presently has a consensus rating of “Moderate Buy” and an average target price of $18.53.

Kingsoft Cloud Price Performance

The stock has a market cap of $2.62 billion, a P/E ratio of -18.45 and a beta of 1.94. The company has a 50 day simple moving average of $14.01 and a 200 day simple moving average of $13.20. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.37.

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

Hedge Funds Weigh In On Kingsoft Cloud

Several hedge funds have recently modified their holdings of the stock. Artisan Partners Limited Partnership bought a new stake in Kingsoft Cloud during the third quarter worth about $51,504,000. The Manufacturers Life Insurance Company acquired a new position in shares of Kingsoft Cloud during the 1st quarter worth approximately $9,456,000. Defiance ETFs LLC bought a new stake in shares of Kingsoft Cloud during the 4th quarter worth approximately $6,463,000. Maxi Investments CY Ltd acquired a new stake in shares of Kingsoft Cloud in the 4th quarter valued at approximately $5,980,000. Finally, LMR Partners LLP grew its stake in shares of Kingsoft Cloud by 1,114.5% in the second quarter. LMR Partners LLP now owns 518,200 shares of the company’s stock valued at $6,488,000 after buying an additional 475,533 shares in the last quarter. 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.