Kingsoft Cloud Holdings Limited (NASDAQ:KC - Get Free Report)'s stock price gapped up before the market opened on Thursday . The stock had previously closed at $11.48, but opened at $12.57. Kingsoft Cloud shares last traded at $12.36, with a volume of 1,352,199 shares traded.
Analyst Ratings Changes
KC has been the topic of a number of research reports. 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. Nomura Securities upgraded shares of Kingsoft Cloud from a "hold" rating to a "strong-buy" rating in a research note on Monday, May 5th.
View Our Latest Stock Report on Kingsoft Cloud
Kingsoft Cloud Price Performance
The stock has a market cap of $3.29 billion, a price-to-earnings ratio of -9.98 and a beta of 2.12. The stock's 50 day simple moving average is $12.96 and its two-hundred day simple moving average is $12.93. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.67 and a quick ratio of 0.67.
Kingsoft Cloud (NASDAQ:KC - Get Free Report) last released its quarterly earnings data on Wednesday, March 19th. The company reported ($0.05) earnings per share for the quarter, beating the consensus estimate of ($0.11) by $0.06. Kingsoft Cloud had a negative return on equity of 19.13% and a negative net margin of 28.41%. The company had revenue of $2.23 billion for the quarter, compared to analyst estimates of $2.11 billion. During the same period in the prior year, the company posted $0.08 EPS. The company's revenue was up 29.6% compared to the same quarter last year. On average, analysts forecast that Kingsoft Cloud Holdings Limited will post -0.63 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Kingsoft Cloud
A number of institutional investors and hedge funds have recently added to or reduced their stakes in KC. Compagnie Lombard Odier SCmA bought a new position in shares of Kingsoft Cloud in the first quarter valued at approximately $65,000. Bayforest Capital Ltd bought a new stake in Kingsoft Cloud during the 1st quarter worth approximately $78,000. Atlas Capital Advisors Inc. acquired a new stake in Kingsoft Cloud during the 1st quarter valued at $104,000. Marshall Wace LLP bought a new position in Kingsoft Cloud in the 4th quarter valued at $119,000. Finally, Vise Technologies Inc. bought a new position in Kingsoft Cloud in the 4th quarter valued at $125,000. 13.40% of the stock is currently owned by institutional investors and hedge funds.
Kingsoft Cloud Company Profile
(
Get Free Report)
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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