Kingsoft Cloud (NASDAQ:KC) Shares Down 3.9% – Here’s What Happened

Kingsoft Cloud Holdings Limited Sponsored ADR (NASDAQ:KC)’s share price traded down 3.9% during trading on Thursday . The stock traded as low as $10.47 and last traded at $10.6340. 255,738 shares traded hands during mid-day trading, a decline of 83% from the average session volume of 1,469,849 shares. The stock had previously closed at $11.07.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. Zacks Research cut Kingsoft Cloud from a “strong-buy” rating to a “hold” rating in a report on Monday, March 9th. Weiss Ratings reissued a “sell (d-)” rating on shares of Kingsoft Cloud in a report on Tuesday, April 21st. Finally, Jefferies Financial Group increased their target price on Kingsoft Cloud from $17.00 to $19.00 and gave the stock a “buy” rating in a report on Wednesday, March 25th. Four investment 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 MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $18.53.

Kingsoft Cloud Stock Performance

The firm has a market capitalization of $3.25 billion, a P/E ratio of -22.94 and a beta of 1.94. The stock has a 50-day moving average of $14.80 and a 200 day moving average of $13.33. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.03 and a current ratio of 1.03.

Kingsoft Cloud (NASDAQ:KC) last released its quarterly earnings results on Friday, May 15th. The company reported ($0.17) EPS 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%. On average, research analysts anticipate that Kingsoft Cloud Holdings Limited Sponsored ADR will post -0.46 earnings per share for the current year.

Institutional Investors Weigh In On Kingsoft Cloud

Large investors have recently bought and sold shares of the business. Caitong International Asset Management Co. Ltd bought a new stake in Kingsoft Cloud during the 4th quarter worth approximately $63,000. Mirae Asset Global Investments Co. Ltd. boosted its position in Kingsoft Cloud by 14.7% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 9,148 shares of the company’s stock valued at $95,000 after buying an additional 1,170 shares during the last quarter. CWM LLC bought a new position in Kingsoft Cloud in the 4th quarter valued at $132,000. Equitable Holdings Inc. bought a new position in Kingsoft Cloud in the 3rd quarter valued at $150,000. Finally, Nomura Holdings Inc. bought a new position in Kingsoft Cloud in the 2nd quarter valued at $175,000. 13.40% of the stock is currently owned by institutional investors.

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.