Kingsoft Cloud (NASDAQ:KC) Shares Up 6.2% – What’s Next?

Shares of Kingsoft Cloud Holdings Limited Sponsored ADR (NASDAQ:KC) shot up 6.2% on Monday . The stock traded as high as $13.16 and last traded at $13.1040. 580,423 shares were traded during mid-day trading, a decline of 51% from the average session volume of 1,174,411 shares. The stock had previously closed at $12.34.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Kingsoft Cloud in a research note on Thursday. Three research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Kingsoft Cloud has a consensus rating of “Hold” and an average target price of $19.65.

Kingsoft Cloud Stock Up 8.1%

The company’s 50 day moving average price is $11.59 and its 200 day moving average price is $13.22. The firm has a market capitalization of $4.03 billion, a price-to-earnings ratio of -25.65 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.

Hedge Funds Weigh In On Kingsoft Cloud

Hedge funds have recently made changes to their positions in the stock. First Horizon Advisors Inc. purchased a new stake in Kingsoft Cloud during the 2nd quarter worth about $27,000. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of 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 acquiring an additional 1,170 shares in the last quarter. Farther Finance Advisors LLC acquired a new position in Kingsoft Cloud during the 2nd quarter worth approximately $100,000. Beverly Hills Private Wealth LLC acquired a new position in Kingsoft Cloud during the second quarter worth about $126,000. Finally, CWM LLC acquired a new position in Kingsoft Cloud in the 4th quarter valued at about $132,000. Hedge funds and other 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.