Kingsoft Cloud (NASDAQ:KC) Trading Down 5.9% – Time to Sell?

Kingsoft Cloud Holdings Limited Sponsored ADR (NASDAQ:KC) dropped 5.9% on Tuesday . The company traded as low as $13.30 and last traded at $13.38. Approximately 528,775 shares traded hands during mid-day trading, a decline of 64% from the average daily volume of 1,453,417 shares. The stock had previously closed at $14.22.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on KC shares. Zacks Research lowered Kingsoft Cloud from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 9th. Jefferies Financial Group lifted their price objective on Kingsoft Cloud from $17.00 to $19.00 and gave the stock a “buy” rating in a research note on Wednesday, March 25th. The Goldman Sachs Group upgraded shares of Kingsoft Cloud from a “neutral” rating to a “buy” rating and set a $15.60 price target for the company in a report on Tuesday, February 10th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Kingsoft Cloud in a research report on Tuesday, April 21st. Four analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $18.53.

Kingsoft Cloud Price Performance

The stock has a market capitalization of $3.97 billion, a P/E ratio of -26.80 and a beta of 2.04. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.17 and a current ratio of 1.17. The business has a fifty day simple moving average of $15.16 and a 200-day simple moving average of $13.28.

Institutional Investors Weigh In On Kingsoft Cloud

Large investors have recently bought and sold shares of the stock. Caitong International Asset Management Co. Ltd acquired a new position in shares of Kingsoft Cloud during the fourth quarter valued at about $63,000. Mirae Asset Global Investments Co. Ltd. raised its stake in Kingsoft Cloud by 14.7% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 9,148 shares of the company’s stock worth $95,000 after buying an additional 1,170 shares during the period. Equitable Holdings Inc. bought a new position in Kingsoft Cloud in the third quarter worth approximately $150,000. Personal CFO Solutions LLC boosted its holdings in Kingsoft Cloud by 11.1% in the third quarter. Personal CFO Solutions LLC now owns 12,174 shares of the company’s stock worth $182,000 after acquiring an additional 1,212 shares in the last quarter. Finally, CWM LLC acquired a new stake in Kingsoft Cloud in the fourth quarter valued at approximately $132,000. 13.40% of the stock is currently owned by institutional investors and hedge funds.

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.