Kingsoft Cloud (NASDAQ:KC) Trading Down 5.6% – Time to Sell?

Kingsoft Cloud Holdings Limited Sponsored ADR (NASDAQ:KC) was down 5.6% on Friday . The stock traded as low as $9.29 and last traded at $9.50. Approximately 476,545 shares changed hands during trading, a decline of 68% from the average daily volume of 1,486,370 shares. The stock had previously closed at $10.06.

Wall Street Analyst Weigh In

KC has been the subject of a number of research analyst reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Kingsoft Cloud in a report on Tuesday, April 21st. Jefferies Financial Group restated a “buy” rating and set a $17.00 price objective on shares of Kingsoft Cloud in a research report on Thursday. Finally, Morgan Stanley began coverage on shares of Kingsoft Cloud in a report on Tuesday, July 7th. They issued an “overweight” rating and a $15.00 target price for the company. Five investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $17.15.

Kingsoft Cloud Price Performance

The stock has a 50-day moving average price of $11.64 and a 200 day moving average price of $12.99. 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 firm has a market cap of $2.88 billion, a price-to-earnings ratio of -20.30 and a beta of 1.99.

Kingsoft Cloud (NASDAQ:KC) last announced its earnings results on Friday, May 15th. The company reported ($0.17) earnings per share (EPS) for the quarter. The firm had revenue of $392.15 million during the quarter. Kingsoft Cloud had a negative net margin of 9.38% and a negative return on equity of 11.67%. As a group, equities research analysts forecast that Kingsoft Cloud Holdings Limited Sponsored ADR will post -0.45 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Kingsoft Cloud

A number of institutional investors and hedge funds have recently added to or reduced their stakes in KC. Goldman Sachs Group Inc. grew its position in shares of Kingsoft Cloud by 9.6% during the first quarter. Goldman Sachs Group Inc. now owns 133,634 shares of the company’s stock worth $1,919,000 after acquiring an additional 11,720 shares during the last quarter. Hsbc Holdings PLC raised its stake in Kingsoft Cloud by 229.6% during the 2nd quarter. Hsbc Holdings PLC now owns 40,706 shares of the company’s stock valued at $506,000 after acquiring an additional 28,355 shares during the last quarter. Squarepoint Ops LLC lifted its holdings in shares of Kingsoft Cloud by 76.9% during the second quarter. Squarepoint Ops LLC now owns 90,623 shares of the company’s stock worth $1,135,000 after purchasing an additional 39,393 shares during the period. Diversify Advisory Services LLC grew its position in Kingsoft Cloud by 36.0% in the 2nd quarter. Diversify Advisory Services LLC now owns 20,812 shares of the company’s stock valued at $278,000 after buying an additional 5,514 shares during the last quarter. Finally, Diversify Wealth Management LLC grew its position in Kingsoft Cloud by 28.5% in the 2nd quarter. Diversify Wealth Management LLC now owns 66,274 shares of the company’s stock valued at $887,000 after buying an additional 14,683 shares during the last quarter. Hedge funds and other 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.