Kingsoft Cloud (NASDAQ:KC) Stock Price Down 5.3% – Here’s Why

Kingsoft Cloud Holdings Limited Sponsored ADR (NASDAQ:KC) shares dropped 5.3% on Thursday . The stock traded as low as $12.03 and last traded at $12.2850. Approximately 250,854 shares changed hands during trading, a decline of 81% from the average daily volume of 1,294,686 shares. The stock had previously closed at $12.97.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Kingsoft Cloud in a research report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $19.65.

Kingsoft Cloud Price Performance

The business has a fifty day moving average of $11.53 and a 200 day moving average of $13.23. The firm has a market cap of $3.74 billion, a P/E ratio of -23.83 and a beta of 2.03. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.39.

Institutional Investors Weigh In On Kingsoft Cloud

A number of large investors have recently added to or reduced their stakes in KC. First Horizon Advisors Inc. bought a new position in Kingsoft Cloud during the second quarter worth $27,000. Farther Finance Advisors LLC acquired a new stake in shares of Kingsoft Cloud during the 2nd quarter worth about $100,000. Equitable Holdings Inc. acquired a new position in Kingsoft Cloud in the 3rd quarter valued at about $150,000. Beverly Hills Private Wealth LLC bought a new position in Kingsoft Cloud in the 2nd quarter valued at about $126,000. Finally, Burns Matteson Capital Management LLC raised its holdings in Kingsoft Cloud by 23.1% in the 3rd quarter. Burns Matteson Capital Management LLC now owns 11,741 shares of the company’s stock valued at $175,000 after acquiring an additional 2,207 shares during the period. 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.