Kingsoft Cloud (NASDAQ:KC) Hits New 1-Year Low – Time to Sell?

Kingsoft Cloud Holdings Limited Sponsored ADR (NASDAQ:KC) reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as $9.54 and last traded at $9.63, with a volume of 1392499 shares traded. The stock had previously closed at $9.78.

Wall Street Analyst Weigh In

Several research firms recently commented on KC. Weiss Ratings restated a “sell (d-)” rating on shares of Kingsoft Cloud in a report on Tuesday, April 21st. Jefferies Financial Group upped their price objective on shares of Kingsoft Cloud from $17.00 to $19.00 and gave the company a “buy” rating in a research note on Wednesday, March 25th. Finally, Zacks Research downgraded shares of Kingsoft Cloud from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 9th. Four research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $18.53.

Kingsoft Cloud Stock Down 1.5%

The business has a 50 day simple moving average of $14.15 and a 200 day simple moving average of $13.21. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.03 and a quick ratio of 1.03. The stock has a market cap of $2.91 billion, a PE ratio of -20.49 and a beta of 1.94.

Kingsoft Cloud (NASDAQ:KC) last issued its earnings results on Friday, May 15th. The company reported ($0.17) earnings per share for the quarter. Kingsoft Cloud had a negative return on equity of 11.67% and a negative net margin of 9.38%.The firm had revenue of $392.15 million during the quarter. On average, equities research analysts forecast that Kingsoft Cloud Holdings Limited Sponsored ADR will post -0.46 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of KC. Artisan Partners Limited Partnership lifted its stake in shares of Kingsoft Cloud by 16.4% in the 4th quarter. Artisan Partners Limited Partnership now owns 4,016,945 shares of the company’s stock valued at $41,535,000 after purchasing an additional 564,907 shares during the last quarter. The Manufacturers Life Insurance Company acquired a new position in Kingsoft Cloud during the first quarter worth $9,456,000. Defiance ETFs LLC acquired a new position in Kingsoft Cloud during the fourth quarter worth $6,463,000. Maxi Investments CY Ltd bought a new position in Kingsoft Cloud during the fourth quarter valued at about $5,980,000. Finally, LMR Partners LLP lifted its position in shares of Kingsoft Cloud by 1,114.5% in 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 during the last quarter. Institutional investors and hedge funds 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.