Kingsoft Cloud Holdings Limited (NASDAQ:KC - Get Free Report) shares gapped up before the market opened on Tuesday . The stock had previously closed at $11.00, but opened at $11.47. Kingsoft Cloud shares last traded at $11.45, with a volume of 1,063,836 shares traded.
Analyst Upgrades and Downgrades
KC has been the topic of several analyst reports. Nomura Securities downgraded Kingsoft Cloud from a "strong-buy" rating to a "hold" rating in a report on Monday, March 3rd. Nomura lowered shares of Kingsoft Cloud from a "buy" rating to a "neutral" rating in a report on Monday, March 3rd.
View Our Latest Research Report on Kingsoft Cloud
Kingsoft Cloud Stock Performance
The company has a market capitalization of $3.03 billion, a price-to-earnings ratio of -9.97 and a beta of 2.23. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.10. The stock has a 50-day simple moving average of $15.21 and a 200-day simple moving average of $10.90.
Kingsoft Cloud (NASDAQ:KC - Get Free Report) last issued its quarterly earnings results on Wednesday, March 19th. The company reported ($0.05) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.11) by $0.06. The business had revenue of $2.23 billion during the quarter, compared to analyst estimates of $2.11 billion. Kingsoft Cloud had a negative net margin of 28.41% and a negative return on equity of 19.13%. The business's revenue was up 29.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.08 earnings per share. On average, analysts anticipate that Kingsoft Cloud Holdings Limited will post -0.63 earnings per share for the current year.
Institutional Trading of Kingsoft Cloud
Institutional investors and hedge funds have recently bought and sold shares of the company. Compagnie Lombard Odier SCmA acquired a new position in Kingsoft Cloud in the first quarter worth $65,000. Marshall Wace LLP bought a new position in shares of Kingsoft Cloud in the 4th quarter worth about $119,000. Vise Technologies Inc. acquired a new position in shares of Kingsoft Cloud in the 4th quarter valued at about $125,000. Cetera Investment Advisers bought a new stake in shares of Kingsoft Cloud during the 4th quarter valued at about $138,000. Finally, Mirae Asset Global Investments Co. Ltd. lifted its holdings in Kingsoft Cloud by 12.7% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 19,549 shares of the company's stock worth $205,000 after acquiring an additional 2,200 shares during the last quarter. Institutional investors and hedge funds own 13.40% of the company's stock.
About Kingsoft Cloud
(
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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.
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