Kingsoft Cloud (NASDAQ:KC) Stock Rating Upgraded by Wall Street Zen

Key Points

• Kingsoft Cloud has been upgraded from a "sell" rating to a "hold" rating by Wall Street Zen, reflecting a shift in analysts' perceptions of the stock.
• Nomura has also upgraded the company from a "neutral" to a "buy" rating, setting a price target of $18.30, indicating growing confidence among analysts.
• The company currently has a market capitalization of $3.76 billion, with a P/E ratio of -12.24 and a fifty-day moving average of $13.00, showing volatility in its stock performance.

Wall Street Zen upgraded shares of Kingsoft Cloud (NASDAQ:KC - Free Report) from a sell rating to a hold rating in a research note released on Saturday.

Other equities research analysts have also issued research reports about the company. Nomura Securities upgraded Kingsoft Cloud from a "hold" rating to a "strong-buy" rating in a research report on Monday, May 5th. Nomura upgraded Kingsoft Cloud from a "neutral" rating to a "buy" rating and set a $18.30 price objective on the stock in a research report on Monday, May 5th. Two investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $11.33.

Kingsoft Cloud Stock Performance

NASDAQ:KC traded up $0.49 during mid-day trading on Friday, hitting $13.95. 1,293,696 shares of the stock were exchanged, compared to its average volume of 3,068,161. The stock has a market capitalization of $3.90 billion, a price-to-earnings ratio of -12.68 and a beta of 2.10. The firm's 50-day simple moving average is $13.00 and its 200 day simple moving average is $14.13. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.73 and a current ratio of 0.73. Kingsoft Cloud has a fifty-two week low of $2.02 and a fifty-two week high of $22.26.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in KC. Compagnie Lombard Odier SCmA bought a new stake in Kingsoft Cloud during the 1st quarter worth approximately $65,000. Bayforest Capital Ltd bought a new stake in Kingsoft Cloud during the 1st quarter worth approximately $78,000. Farther Finance Advisors LLC bought a new stake in Kingsoft Cloud during the 2nd quarter worth approximately $100,000. Atlas Capital Advisors Inc. bought a new position in shares of Kingsoft Cloud in the first quarter valued at approximately $104,000. Finally, Marshall Wace LLP bought a new position in shares of Kingsoft Cloud in the fourth quarter valued at approximately $119,000. 13.40% of the stock is owned by institutional investors and hedge funds.

Kingsoft Cloud Company Profile

Kingsoft Cloud Holdings Limited provides cloud services to businesses and organizations primarily in China. The company's products portfolio includes cloud products, including infrastructure as a service (IaaS) infrastructure, platform as a service (PaaS) middleware, and software as a service (SaaS) applications that primarily consist of cloud computing, network, database, big data, security, storage, and delivery solutions.