Kingsoft Cloud (NASDAQ:KC) Raised to “Strong-Buy” at Zacks Research

Kingsoft Cloud (NASDAQ:KC) was upgraded by Zacks Research from a “hold” rating to a “strong-buy” rating in a report issued on Tuesday,Zacks.com reports.

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Kingsoft Cloud in a research note on Thursday, January 22nd. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $19.65.

Kingsoft Cloud Trading Down 3.3%

Shares of NASDAQ:KC traded down $0.49 during midday trading on Tuesday, reaching $14.31. 889,108 shares of the company’s stock were exchanged, compared to its average volume of 1,363,980. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.93 and a quick ratio of 0.93. The stock has a market cap of $4.32 billion, a price-to-earnings ratio of -27.50 and a beta of 2.03. The firm’s 50 day simple moving average is $11.71 and its two-hundred day simple moving average is $13.27. Kingsoft Cloud has a fifty-two week low of $10.29 and a fifty-two week high of $22.26.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Farther Finance Advisors LLC acquired a new position in Kingsoft Cloud in the second quarter worth approximately $100,000. ABC Arbitrage SA raised its holdings in Kingsoft Cloud by 49.0% during the second quarter. ABC Arbitrage SA now owns 134,331 shares of the company’s stock valued at $1,682,000 after buying an additional 44,206 shares in the last quarter. Vise Technologies Inc. bought a new position in shares of Kingsoft Cloud in the 2nd quarter valued at approximately $264,000. Penserra Capital Management LLC acquired a new stake in Kingsoft Cloud in the 2nd quarter worth approximately $5,955,000. Finally, Bayforest Capital Ltd boosted its position in Kingsoft Cloud by 417.5% during the second quarter. Bayforest Capital Ltd now owns 28,020 shares of the company’s stock worth $351,000 after purchasing an additional 22,606 shares during the period. 13.40% of the stock is currently owned by hedge funds and other institutional investors.

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.