Kingsoft Cloud (NASDAQ:KC) Shares Gap Up - Should You Buy?

Key Points

• Shares gapped up pre-market from $15.11 to $15.79 and last traded around $15.58 on volume of roughly 296,869 shares.
• Analyst sentiment is mixed but overall a Moderate Buy — five Buys, one Hold and one Sell — with a consensus price target of $18.48; Jefferies raised its target to $19 and Goldman Sachs upgraded to Buy.
• The company has a $4.82 billion market cap, a negative P/E (-32.62), 50/200-day averages of $13.56/$12.81, and recent institutional buying (Artisan and others), with institutions owning about 13.4%.

Shares of Kingsoft Cloud Holdings Limited Sponsored ADR (NASDAQ:KC - Get Free Report) gapped up prior to trading on Monday . The stock had previously closed at $15.11, but opened at $15.79. Kingsoft Cloud shares last traded at $15.5770, with a volume of 296,869 shares traded.

Wall Street Analysts Forecast Growth

KC has been the topic of several research reports. Zacks Research lowered shares of Kingsoft Cloud from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 9th. The Goldman Sachs Group raised shares of Kingsoft Cloud from a "neutral" rating to a "buy" rating and set a $15.60 price objective on the stock in a research report on Tuesday, February 10th. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Kingsoft Cloud in a research report on Thursday, January 22nd. Finally, Jefferies Financial Group lifted their price objective on shares of Kingsoft Cloud from $17.00 to $19.00 and gave the stock a "buy" rating in a research report on Wednesday, March 25th. Five 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. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $18.48.

Kingsoft Cloud Trading Up 5.5%

The firm has a market cap of $4.82 billion, a P/E ratio of -32.62 and a beta of 2.11. The company has a quick ratio of 0.93, a current ratio of 1.17 and a debt-to-equity ratio of 0.32. The firm's 50-day simple moving average is $13.56 and its 200 day simple moving average is $12.81.

Institutional Trading of Kingsoft Cloud

Several hedge funds and other institutional investors have recently modified their holdings of the business. Artisan Partners Limited Partnership raised its position in shares of Kingsoft Cloud by 16.4% in the fourth 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 period. Penserra Capital Management LLC raised its position in shares of Kingsoft Cloud by 32.8% in the third quarter. Penserra Capital Management LLC now owns 631,442 shares of the company's stock valued at $9,421,000 after purchasing an additional 155,788 shares during the period. Defiance ETFs LLC bought a new stake in shares of Kingsoft Cloud in the fourth quarter valued at approximately $6,463,000. Maxi Investments CY Ltd bought a new stake in shares of Kingsoft Cloud in the fourth quarter valued at approximately $5,980,000. Finally, LMR Partners LLP raised 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 valued at $6,488,000 after purchasing an additional 475,533 shares during the period. Institutional investors own 13.40% of the company's stock.

Kingsoft Cloud Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.