Kingsoft Cloud (NASDAQ:KC) Shares Gap Up – Should You Buy?

Kingsoft Cloud Holdings Limited Sponsored ADR (NASDAQ:KC) gapped up prior to trading on Friday . The stock had previously closed at $10.34, but opened at $10.83. Kingsoft Cloud shares last traded at $10.7650, with a volume of 193,776 shares trading hands.

Wall Street Analyst Weigh In

KC has been the subject of several recent research reports. Bank of America raised Kingsoft Cloud from a “neutral” rating to a “buy” rating in a report on Tuesday, September 9th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Kingsoft Cloud in a report on Tuesday, September 16th. They issued a “buy” rating and a $21.00 price objective on the stock. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Kingsoft Cloud in a report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Kingsoft Cloud has an average rating of “Moderate Buy” and a consensus target price of $19.65.

Kingsoft Cloud Price Performance

The firm has a market capitalization of $3.30 billion, a P/E ratio of -21.02 and a beta of 2.03. The business’s 50-day simple moving average is $11.69 and its 200 day simple moving average is $13.26. 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 hedge funds and other institutional investors have recently modified their holdings of KC. Hsbc Holdings PLC bought a new position in Kingsoft Cloud during the 1st quarter worth approximately $176,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Kingsoft Cloud by 0.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 332,906 shares of the company’s stock valued at $4,781,000 after purchasing an additional 1,710 shares during the period. Goldman Sachs Group Inc. grew its holdings in shares of Kingsoft Cloud by 9.6% in the first quarter. Goldman Sachs Group Inc. now owns 133,634 shares of the company’s stock worth $1,919,000 after purchasing an additional 11,720 shares during the last quarter. Bayforest Capital Ltd purchased a new position in shares of Kingsoft Cloud in the first quarter worth $78,000. Finally, Farther Finance Advisors LLC purchased a new position in shares of Kingsoft Cloud in the second quarter worth $100,000. 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.