Kingsoft Cloud (NASDAQ:KC) Upgraded at Zacks Research

Zacks Research upgraded shares of Kingsoft Cloud (NASDAQ:KC) from a hold rating to a strong-buy rating in a research report released on Tuesday morning,Zacks.com reports.

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Kingsoft Cloud in a research report on Thursday, January 22nd. One equities research 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 company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $19.65.

Kingsoft Cloud Trading Down 4.0%

Kingsoft Cloud stock opened at $14.21 on Tuesday. Kingsoft Cloud has a 52-week low of $10.29 and a 52-week high of $22.26. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.39. The firm has a market capitalization of $4.29 billion, a price-to-earnings ratio of -27.33 and a beta of 2.03. The firm has a 50-day moving average price of $11.75 and a two-hundred day moving average price of $13.27.

Institutional Inflows and Outflows

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

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.