Kingsoft Cloud (NASDAQ:KC) Sets New 52-Week High – Still a Buy?

Kingsoft Cloud Holdings Limited Sponsored ADR (NASDAQ:KC) reached a new 52-week high on Thursday . The stock traded as high as $18.52 and last traded at $17.92, with a volume of 4395931 shares trading hands. The stock had previously closed at $15.31.

Analysts Set New Price Targets

KC has been the subject of several research analyst reports. Jefferies Financial Group raised their price objective on Kingsoft Cloud from $17.00 to $19.00 and gave the company a “buy” rating in a research note on Wednesday, March 25th. The Goldman Sachs Group raised Kingsoft Cloud from a “neutral” rating to a “buy” rating and set a $15.60 price objective for the company in a research note on Tuesday, February 10th. Zacks Research downgraded Kingsoft Cloud from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 9th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Kingsoft Cloud in a research note on Tuesday, April 21st. Four investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $18.53.

Kingsoft Cloud Stock Down 9.5%

The company has a debt-to-equity ratio of 0.32, a current ratio of 1.17 and a quick ratio of 1.17. The firm has a 50-day simple moving average of $15.03 and a two-hundred day simple moving average of $13.21. The company has a market cap of $4.63 billion, a PE ratio of -31.29 and a beta of 2.04.

Hedge Funds Weigh In On Kingsoft Cloud

Several hedge funds have recently bought and sold shares of KC. Artisan Partners Limited Partnership purchased a new position in Kingsoft Cloud during the third quarter worth $51,504,000. Defiance ETFs LLC purchased a new position in Kingsoft Cloud during the fourth quarter worth $6,463,000. Maxi Investments CY Ltd purchased a new position in Kingsoft Cloud during the fourth quarter worth $5,980,000. LMR Partners LLP increased its position in Kingsoft Cloud by 1,114.5% during the second quarter. LMR Partners LLP now owns 518,200 shares of the company’s stock worth $6,488,000 after buying an additional 475,533 shares in the last quarter. Finally, Central Asset Investments & Management Holdings HK Ltd purchased a new position in Kingsoft Cloud during the third quarter worth $6,896,000. 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.